CA INTERMEDIATE
AUDITING AND ETHICS (PAPER 5)
Focus Areas :
Concepts in Auditing, Generally Accepted Auditing Standards (GAAS) & Procedures.
Application of audit techniques and skills.
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).
Auditor’s responses to Assessed Risk & Evaluation of Misstatements identified during the audit (SA 330 & 450).
Audit conclusions and Reporting including forming an opinion, communication of critical audit matters, EOM.
Audits of different types of entities including Banks.
Concept of Quality control for Firms (SQC 1) and Audits of Financial statements (SA 220).
Audit Strategy, Audit Planning and Audit Program (SA 300).
Understand overall objective of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing (SA 200) and Audit Documentation (SA 230).
Audit Evidence & application of auditing standards (SA 500 – 580).
How to perform an audit of items of financial statements.
Professional Ethics (Independence, Audit engagement terms, Competence and Due Care).
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 Inter, Paper 05: Auditing and Ethics.
WEIGHTAGE & LEARNING OBJECTIVES
LEARNING OBJECTIVES – DELIVERY APPROACH
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