This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI.

This book focuses on gaining conceptual clarity of the subject matter. In other words, it provides intricate knowledge of accounting and law along with a thorough understanding of auditing concepts.

This book will be helpful for students of CA-Inter, CMA-Intermediate, and other specialised courses.

The Present Publication is the 8^th Edition for CA-Inter | May 2024 exam. This book is authored by CA Ravi Kanth Miriyala & CA Sunitanjani Miriyala, with the following noteworthy features:

• [Self-preparatory Book] The book has been written in a classroom-style-teaching methodology so that the average student can understand & master the subject without assistance
• [Simple & Lucid Language] along with a step-by-step approach for a better understanding
• [Concept of Standard presented in Diagrammatic Format] wherever necessary
• [Summary of Standard on Auditing presented in Diagrammatic Format] at the end of each standard
• [Authors’ Instructions in Every Chapter] that a student must follow
• [Build your Vocabulary] that includes technical terminology, new vocabulary & jargons that a student must use to easily score an extra 10-15 marks in the exam
• [Previous Exam Questions] and presentation of answers are included in this book, including Nov 2023 Exam
• [Most Amended & Updated] This book is updated with the recent amendments to Standards on Auditing and the Companies Act, 2013
• [Student-Oriented Book] The authors have developed this book keeping in mind the following factors:
  • Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
  • Shaped by the authors’ 10+ years of experience teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book

The detailed contents of this book are as follows:

• Introduction to auditing (Very important)
• Audit strategy, Audit Planning and Audit Programme
• Audit Documentation and Audit Evidence
• Risk Assessment and Internal Control
• Fraud and Responsibilities of the Auditor in this Regard
• Audit in an Automated Environment
• Audit Sampling
• Analytical Procedures
• Audit of Items of Financial Statements (Vouching and Verification)
• The Company Audit
• Audit Report
• Audit of Banks
• Audit of Different Types of Entities (Special Audit)
• Preface to Standards on Auditing (Very important)
  • SA 200: Overall objectives of the independent auditor and the conduct of an audit in accordance with standards on auditing
  • SA 210: Agreeing the terms of audit engagements
  • SA 220: Quality control for audit of financial statements
  • SA 230: Documentation
  • SA 240: Auditor’s responsibilities relating to fraud in an audit of financial statements
  • SA 250 (Revised): Consideration of laws and regulations in an audit of financial statements
  • SA 299: Responsibility of joint auditors
  • SA 300: Audit planning
  • SA 315: Identifying and assessing the risk of material misstatement through understanding the entity & its environment
  • SA 320: Materiality in planning and performing an audit
  • SA 500: Audit evidence
  • SA 501: Audit evidence – Specific considerations for selected items
  • SA 505: External confirmations
  • SA 510: Initial audit engagements – Opening balances
  • SA 520: Analytical procedures
  • SA 530: Audit sampling
  • SA 550: Related parties
  • SA 560: Subsequent events
  • SA 570 (Revised): Going concern
  • SA 580: Written representations (WRL)
  • SA 610 (Revised): Relying upon the work of an internal auditor
  • SA 700 (Revised): The auditor’s report on financial statements
  • SA 701: Communicating ‘key matters’ in the independent auditors’ report
  • SA 705 (Revised): Modifications to the opinion in the independent auditor’s report
  • SA 706 (Revised): Emphasis of Matter paragraphs (EOM) and Other Matter (OM) paragraphs in the independent auditor’s report
  • SA 710: Comparative information – Corresponding figures and comparative financial statements