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Below we are going to discuss in-depth information about the CA Final Audit. Students facing any kind of problem in CA Final Advanced Auditing and professionals can check the below article.
CA Final is the final gateway of the Chartered Accountancy Course in India. Students should have cleared the CA Intermediate examination and Completed at least 2.5 years of articleship training to appear in the CA Final Examination. CA Final course Consists of 8 subjects which is divided into 2 groups of 4 subjects each. Among all the subjects, CA Final Audit is one of the essential subjects of CA Final.
ICAI CA Final Paper 3 Advanced Auditing and professional ethics is also known as the CA Final Auditing. It is one of the most crucial Chapters to be considered.
The Main Objective of CA Final Audit is it will have expertise in checking financial statements and books of accounts. Checking the entries and finding the discrepancies in the transaction. Auditing plays a primary role in a company. The Auditor validates the data presented in the balance sheet and checks whether the data is correct.
CA Final Audit is also an interesting subject to study. Students can score more marks as compared to other subjects, or you can even score exemptions also.
Below are all the details about the CA Final paper 3. You will get all the details about the CA Final Advanced Auditing and professional ethics, which will help understand CA Final Auditing properly and score well in the examination.
Before we Get on the CA Final Audit let’s have an overview what are other subjects in CA Final.
- Financial Reporting
- Strategic Financial Management
- Advanced Auditing and Professional Ethics
- Corporate and Economics laws
- Strategic Cost Management and Performance Evaluation.
- Risk Management
- Financial Services and Capital Market.
- International Taxation and Economics Laws
- Global Financial and Reporting standard
- Multidisciplinary case study
- Direct tax Laws and international taxation
- Indirect Tax Law
Click here ICAI to see the release of the CA final exam dates for May 2023 Exam.
CA Final Advanced Audit and Professional Ethics Paper Pattern 2023 ( New Revised Syllabus)
Below is the latest CA Final Audit Paper/Exam Pattern for the examination.
- CA Final Auditing Paper Pattern is divided into 30:70 Ratio.
- 30% of paper is MCQ based, whereas 70% is subjective-based.
- Out of 6 questions in the subjective section, students have to do any 5.
- The duration of the examination is 3 hours
- You can write the examination in either English or Hindi, which you have chosen at the time of filling the application form.
Below is the CA final exam pattern for the audit paper of the May 2023 examination.
CA Final Advanced Auditing and Professional Ethics Weightage 2023
Once you have checked your CA Final Audit paper pattern, the next thing is to go through the CA Final Audit Weightage. It is necessary that the student must know the CA Final Audit Marks Weightage before the preparation will help them to prepare chapters with more weightage first.
Also Read: Chartered Accountancy Salary in India.
Below is the CA Final Audit Chapter-wise Marks Distribution.
|Chapter 1- 4,6||
Chapter 1: Auditing Standards, Statements and Guidance Notes – An Overview
Chapter-2: Audit Planning, Strategy and Execution
Chapter 3: Risk Assessment and Internal Control
Chapter 4: Special Aspects of Auditing in an Automated Environment
Chapter 6: Audit Reports
|Chapter 5, 7, 8,14||
Chapter 5: Company Audit Annexure: Schedule III to The Companies Act, 2013
Chapter 7: Audit Committee and Corporate Governance
Chapter 8: Audit of Consolidated Financial Statements
Chapter 14: Liabilities of Auditor
|Chapter 9,10, 11,12||
Chapter 9: Audit of Banks
Chapter 10: Audit of Insurance Company
Chapter 11: Audit of Non-Banking Financial Companies
Chapter 12: Audit under Fiscal Laws
|Chapter 13, 14, 15, 16, 17||
Chapter 13: Audit of Public Sector Undertakings
Chapter 14: Liabilities of Auditor
Chapter 15: Internal Audit, Management and Operational Audit
Chapter 16: Due Diligence, Investigation and Forensic Audit
Unit 1: Due Diligence
Unit 2: Investigation
Unit 3: Forensic Audit
Chapter 17: Peer Review and Quality Review
Unit 1: Peer Review
Unit 2: Quality Review
|Chapter 18||Professional Ethics||10%-15%|
CA Final Advance Auditing and Professional Ethics Syllabus 2023
Every year ICAI keeps on doing the modification in the CA Final Audit Syllabus. Candidates who are appearing in the examination can refer to CA Final Audit New Syllabus or CA Final Audit Old Syllabus.
After completing your CA Final Registration you can Check your CA Final Audit Syllabus. Below we have given PDF of CA Final Audit New Syllabus VS Old Syllabus.
Download CA Final Audit New Syllabus 2023.
CA Final Advanced Auditing and Professional Ethics Study Material 2023
CA Final Study material is the base of all the chapters and topics of the examination. After checking your syllabus, you can download your CA Final Auditing study material/ Practice manual. ICAI provides the Best CA final Audit Study Material. After going through the CA Final Audit study material or CA Final Audit Practice manual, you don’t need any other reference books.
Clicks on the below link to download the CA Final Audit New Syllabus Study material.
- Chapter 1: Auditing Standards, Statements, and Guidance Notes – An Overview
- Chapter-2: Audit Planning, Strategy, and Execution
- Chapter 3: Risk Assessment and Internal Control
- Chapter 4: Special Aspects of Auditing in an Automated Environment
- Chapter 5: Company Audit
- Annexure: Schedule III to The Companies Act, 2013
- Chapter 6: Audit Reports
- Chapter 7: Audit Committee and Corporate Governance
- Chapter 8: Audit of Consolidated Financial Statements
- Chapter 9: Audit of Banks
- Chapter 10: Audit of Insurance Companies
- Chapter 11: Audit of Non-Banking Financial Companies
- Chapter 12: Audit under Fiscal Laws
- Chapter 13: Audit of Public Sector Undertakings
- Chapter 14: Liabilities of Auditor
- Chapter 15: Internal Audit, Management, and Operational Audit
- Chapter 16: Due Diligence, Investigation, and Forensic Audit
- Chapter 17: Peer Review and Quality Review
- Chapter 18: Professional Ethics
Students should read everything in CA Final Audit Study Material after that for those who want to learn and practice more students can go through the notes and reference books to evaluate their performance in the examination. Students can use them as for CA Final Audit Revision. In the next paragraph, you will find the CA Final Audit Best Books.
CA Final Advance Auditing and Professional Ethics Best Books
Below are the Best CA Final Audit Books, which you can read once you have completed your CA Final Audit Study Material. Students can download the CA Final Audit Book PDF from the author’s official website.
Best CA Final Audit Books.
- Surbhi Bansal
- Pankaj Garg
- Vikas oswal
CA Final Advanced Auditing and Professional Ethics Pronounce/ Amendment 2023
Every year ICAI issues a set of new amendments. Below is the latest ICAI CA Final Audit Amendments issue by the ICAI. Click on the link to download the CA Final Audit amendments May 2023 Examination.
CA Final Advanced Auditing and Professional Ethics Question Paper 2023
Once you have completed your CA Final Auditing Whole syllabus within the time boundation, then you can give time for Solving CA Final Audit Question Paper with a solution. Solving CA Final Paper helps the students analyze their performance and score well in the examination. You must at least give 2 months for CA Final Audit Revision.
CA Final Advanced Auditing and Professional Ethics Mock Test Paper 2023
Mock Test papers are based on real-life implications. ICAI also released the CA Final Audit Mock Test Paper, which will help students in practicing the topics where they are finding the difficulty. Students can solve the CA Final Audit Mock Test Paper right before the examination.
Download CA Final all Previous year Mock Test Paper with answers.
CA Final Audit Mock Test Paper with solution .
CA Final Advanced Auditing and Professional Ethics Revision Test Paper 2023
It is necessary to give time for the CA Final Audit Revision. Below is the latest CA Final Audit Revision Test Paper. Revision test paper works as a sample paper, which helps the students in increasing their ability to perform well in the examination.
Below are the CA Final Audit Revision Test Paper Nov and May month of 2018, 2019 and 2020.
- May, 2022 – Hindi Medium
- May, 2022
- November 2021 – Hindi Medium
- November, 2021
- May 2021 – Hindi Medium
- May, 2021
- May 2020 – Hindi Medium
- May, 2020
- November 2019 – Hindi Medium
- November 2019
- May 2019 – Hindi Medium
- May 2019
- November 2018 – Hindi Medium
- November 2018
- May 2018
CA Final Advanced Auditing and Professional Ethics Sample Question for 30:70 Assessment
ICAI has released the CA Final Auditing sample Question of 30:70 Assessment for the students so that they could get more material to perform well in the examination. Below are the latest ICAI CA Final Audit MCQ assessment 2022.
CA Final Audit MCQ Sample Paper 1 – Download Now
CA Final Audit MCQ Sample Paper 2- Download Now
CA Final Audit MCQ Sample Paper 3- Download Now
CA Final Advanced Auditing and Professional Ethics Reference for Quick Revision 2023
Recently ICAI has Published the CA Final Audit Reference for Quick Revision for Nov 2022 Examination. CA Final Audit reference for quick revision will help the student during the last preparation of the examination.
Download CA Final Audit Reference for Quick Revision 2023. (Click Here)
CA Final Advanced Auditing and Professional Ethics Online and Pendrive Classes
Students who are finding any problems in CA Final Audit subjects can prefer choosing CA Final Coaching Classes. You must do the proper research while choosing the Best CA Final Audit Classes. In case if your locality does not have the best CA Final Audit faculty. Students can choose the CA Final Online Classes or CA final Pendrive Classes. Attending coaching classes helps a lot of students who are facing any problems in CA Final Auditing. There are a lot of benefits of choosing the CA Final Coaching Classes. You can clear your doubts and queries regarding the subject. Every coaching institute provides CA Final Audit notes, which help the students during the preparation times.
Also Read: Follow these Amazing tips to clear CA Final in First Attempt.
CA Final Advanced Auditing and Professional Ethics Self Study and Preparation Tips
While preparing for the examination most of the students are confused between CA Final Audit Self Study or CA Final Audit Online Classes. We would advise you if you really feel that you are having expertise, knowledge and already done a lot of practice and you can go with CA final self study tips. But on the Other side, this is your last attempt, taking coaching classes will definitely benefit at some point.
CA Final Audit Exam Preparation and CA final study tips May 2023.
- Prepare a Proper Study Plan and time table and follow it strictly.
- Set daily task and make a deadline to complete it
- Try to complete your syllabus 40 days before the examination so that you can revise all the study material.
- Give priority to solving CA Final Audit Question Paper.
- Keep calm and be confident during the examination you will definitely score well in CA Final Result.
Check the CA final question paper for May 2023 Exam.
Frequently Asked Question
Q1. Is CA Final Audit Difficult?
Ans: It’s easy to score in CA Final Audit, it requires practice and Experience.
Q2. How long does CA Final Audit take to Complete?
Ans: To complete CA Final Audit students must Study 3hrs a Day for 60 Days.