Auditing & Ethics Class Notes for CA Inter by CA Pankaj Garg

This book is a comprehensive resource designed to help Chartered Accountancy students master the Auditing & Ethics paper. This two-volume set covers the latest ICAI syllabus for the Intermediate Level (New Scheme). It features a vast repository of past examination questions (descriptive and MCQs), case scenarios, and other practice material essential for a thorough understanding of auditing concepts and ethics.

The Present Publication is the 16^th Edition for the CA-Inter | New Syllabus | May/Sept. 2025 Exams. This book is authored by Pankaj Garg, with the following noteworthy features:

• [Updated for the Latest Syllabus] Strictly aligned with ICAI's New Scheme for CA Inter (May 2025 and onward attempts), reflecting all recent amendments and notifications
• [Comprehensive Question Bank] Over 700+ descriptive questions in Volume 1, 420+ individual MCQs, and 95 case scenarios in Volume 2
• [Topic-wise & Attempt-wise Segregation] Questions are arranged by topic and then by exam attempt, making revision highly efficient
• [Detailed Solutions & Explanations] Includes step-by-step answers that clarify concepts, provide relevant references to standards, and highlight examination-oriented insights
• [Coverage of ICAI's Additional Resources] Incorporates relevant questions from RTPs (Revision Test Papers) and MTPs (Mock Test Papers) for thorough preparation
• [Chapter-wise Marks Distribution] Facilitates targeted study by showing the weightage of each topic in past examinations (descriptive and MCQs)
• [Ease of Revision] The bifurcation of descriptive questions and MCQs into two volumes ensures students can quickly target specific areas of weakness
• [Author's Expertise] Pankaj Garg, a multi-qualified professional (CA, CS, CMA) and an All-India topper, brings first-hand knowledge of exam patterns and student needs

The coverage of the book is as follows:

• Volume 1 (Descriptive Q&A)
• Conceptual chapters (Nature, Objective & Scope of Audit; Audit Strategy, Planning & Programme; Risk Assessment & Internal Control)
• Audit Evidence, Audit Documentation, Completion & Review, and Audit Reports
• Specialised audits (e.g., Banks, Different Entities)
• Ethics and Terms of Audit Engagement
• Volume 2 (MCQs & Case Scenarios)
• Multiple-choice questions (MCQs) chapter-wise, covering the entire Auditing & Ethics syllabus
• Case-based scenarios and application-oriented questions
• Suggested answers for the latest examinations (till Jan. 2025)
• Additional practice questions for thorough revision

The structure of the book is as follows:

• Chapter-wise Arrangement – Each chapter begins with an introduction to the concept, followed by past exam questions (descriptive and MCQs)
• Attempt-wise Segregation – Within each chapter, questions are grouped as per various ICAI exam attempts, helping students identify trends in questioning
• Marks Distribution Charts – Tables that indicate the weightage in past exams, enabling focused revision where it matters most
• Suggested Answers & Explanations – Right after each question or set of questions, the book provides comprehensive solutions and tips for tackling them effectively in an exam setting
• Case Study Section – A separate part is devoted to scenario-based questions to build analytical and application skills
• RTP/MTP Inclusion – Pertinent questions from Revision Test Papers and Mock Test Papers are included to keep learners updated