CA FINAL
ADVANCED AUDITING, ASSURANCE AND PROFESSIONAL ETHICS (Paper 03)
Focus Areas :
Gain expertise in Application of Quality control for firms (SQC 1) and Audits of Financial statements (SA 220).
Communication with Those Charged with Governance (SA 260) & Joint Audit of Financial Statements (SA 299).
Hands on and an expert in Understanding the overall objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing (SA 200) and Audit Documentation (SA 230).
Auditor’s responses to Assessed Risk & Evaluation of Misstatements identified during the audit (SA 330 & 450).
Understand and Obtain Audit Evidence, application of auditing procedures (SA 500 – 580). Expect case studies.
Audit of specialized areas. (SA 800, 805, 810) & Emerging Areas such as ESG & SDG. Annual reports will be covered.
Professional Ethics and Liabilities of Auditors.
The Auditor’s Responsibilities Relating to Fraud (SA 240) & Consideration of Laws and Regulations (SA 250).
Audit Strategy, Audit Planning AND Audit Program (SA 300). Focus on Audit of Banks, NBFC’s & PSU’s. Be an expert!!
Risk Assessment and Internal Controls. Understand & identify audit risk, concept of materiality, risk of material mis-statement, through understanding the entity and its Environment (SA 315 & SA 320). Expect case studies.
Audit Considerations Relating to an Entity Using a Service Organization (SA 402).
Audit Reporting. (SA 700, 701, 705, 706, 710 & 720). Examples of listed entities & banks will be covered.
Digital Auditing and Assurance, Group Audits, Due Diligence, Investigations & Forensic Accounting.
About the Coach
Harsh is a 2001 CA with two decades of experience in global auditing & assurance in banking (Retail, Commercial & Investment banking), Manufacturing & ITES. He has handled external & internal audits, risk & compliance reviews of top global clients - CITIBANK, ANZ, NOMURA, BARCLAYS, SOCIETE GENERALE, ICICI. He has worked in India, USA, UK & Middle East.
Harsh has experience in delivering sessions on audit standards & risk based audit methodology in corporates over the last two decades.
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14 years with B4s starting with EY Kuwait & Los Angeles (6 years), followed by KPMG London, Bahrain and Cayman Islands (6 years) & 2 years with PwC Mumbai. Instrumental in setting & leading Audit Ops risk team, SOX team and R&C teams for Investment Banks.
Worked as Director Finance with Fortune 500 and Head of Audit Financial Controls with a European Bank.
Harsh will provide complete guidance on CA Final, Paper 03: Advanced Auditing, Assurance and Professional Ethics
WEIGHTAGE & LEARNING OBJECTIVES
LEARNING OBJECTIVES – DELIVERY APPROACH
