Advanced Auditing and Professional Ethics-Paper-3-CA-Final

Auditing in simple words means the process of verification. It is called advanced auditing because this is an extension of the auditing paper what you had at intermediate level
It is a common misconception that Advanced Auditing and Professional Ethics is a theory paper; indeed, it is the most practical oriented paper in the CA Final syllabus
This subject not only provides insights to the concepts of auditing and ethics but also paves a way for students to groom as professionals by enabling them to imbibe principles of ethics at work

Chartered Accountants are popularly known as “Auditors”. An auditor is ought to have expert knowledge of the subject and hence this paper
Our fraternity is a prominent link of chains in which the nation’s economy runs. Professional ethics are of utmost importance at this juncture since all CA Final students are just one step away from being a link of the above chain

“Auditing pronouncements is your bible for standards on auditing”. Other materials can be helpful for other topics
Your hand-written notes have 2 advantages 1) You analyse while you write and 2) They are your last-minute saviour

Try recalling instances from the days of practical training and link it with the topics for better understanding
Identify few key words that reflect the language of Auditing and incorporate in your answers
Professional Ethics is a scoring area – pocket full marks
Do not quote incorrect SA numbers or wrong sections

Faculty	Estimated Lectures	Lectures Available in the Portal
CA Vikas Oswal	120	97
CA Anand P Jangid	4


Paper-3: Advanced Auditing and Professional Ethics
Chapters	No.of Lectures
Chapter 1: Auditing Standards, Statements and Guidance Notes	23
Chapter-2: Audit Planning, Strategy and Execution	2
Chapter 3: Risk Assessment and Internal Control	4
Chapter 5: Audit of Limited Companies	11
Chapter 6: Audit Reports	5
Chapter 8: Audit Committee and Corporate Governance	2
Chapter 9: Audit of Consolidated Financial Statements	3
Chapter 10: Audit of Banks	7
Chapter 11: Audit of Insurance Companies	7
Chapter 12: Audit of Non-Banking Financial Companies	4
Chapter 13: Audit under Fiscal Laws	9
Chapter 16 : Liabilities of Auditor	3
Chapter 18 : Due Diligence, Investigation and Forensic Audit	4
Chapter 19 : Peer Review and quality Review	6
Chapter 20: Professional Ethics	11

Advanced Auditing and Professional Ethics