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Printed Books |
Book Language |
English |
Faculty Name |
Pranav Jain |
Package Details |
5th Edition (2026). Audit of Financial Statements is an inspection-aware practitioner's manual that translates the Standards on Auditing, the Companies Act 2013, CARO 2020 and Indian Accounting Standards into a single, risk-driven audit methodology. The 5th Edition maps AQMM v2 documentation expectations and operationalises NFRA's toolkits, RoMM templates and the January 2026 Circular on SA 260 & SA 265 into procedures, checklists and working papers. Every audit step is linked to an identified risk through the SA 315 → SA 330 chain, with CARO 2020 reporting and Schedule III (Division 1) disclosures integrated within each substantive chapter, alongside new Labour Code implications, model accounting policies and illustrative audit reports. Authored by CA. Pranav Jain, the book equips chartered accountants, engagement teams and audit committees to build defensible, inspection-ready audit files. Paperback Book. |
Item Code |
9789371268721 |
Exams |
PROFESSIONAL BOOKS |
Delivery |
Home Delivery within 7-10 days from the date of Payment Confirmation. |
Brand |
Taxmann |
Taxmann's Audit of Financial Statements Book by Pranav Jain
Edition : 5th (2026)
Audit of Financial Statements is a structured practitioner's manual that translates Standards on Auditing, the Companies Act 2013, CARO 2020 and Indian Accounting Standards into a single, end-to-end audit methodology. Written from the standpoint of an inspection-aware practising auditor, it positions the statutory audit not as a checklist exercise but as a documented, risk-driven engagement whose quality must be defensible before the National Financial Reporting Authority (NFRA), the Quality Review Board (QRB), the Financial Reporting Review Board (FRRB) and audit committees.
The 5th Edition reflects the regulatory shift from broad supervisory oversight to detailed practice-oriented guidance—mapping the Audit Quality Maturity Model (AQMM) Version 2 expectations to engagement-level documentation, and operationalising NFRA's audit practice toolkits, structured Risk of Material Misstatement (RoMM) templates and Auditor–Audit Committee Interaction Series circulars into procedures, checklists and working papers.
This book is intended for the following audience:
The Present Publication is the 5th Edition | 2026, amended up to 15th April 2026. It is authored by CA. Pranav Jain with the following noteworthy features:
The coverage of the book is as follows:
The book is organised into fifty-one chapters arranged into three progressive blocks that follow the actual audit lifecycle from engagement acceptance to reporting.
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