What You'll Learn
Quality control and quality management
General auditing principles and auditor responsibilities
Materiality and audit risk
Internal controls
Audit evidence
Audit documentation and working papers
Accounting Standards
Completion and review procedures
Audit opinions and reporting
Ledger posting and balancing of accounts
Principles and conventions
Trial Balance
Bank Reconciliation Statement
Straight Line Method
Straight Line Method
Trading Account and calculate Gross Profit/Loss
Trading Account and calculate Gross Profit/Loss
Company share capital
Non-Profit Organisation accounting
COURSE CURRICULUM
Module 1 – Audit Fundamentals, Planning & Reporting
Chapter 1 – Quality Control
- Quality Management
- Quality Control Standards
- Quality Management at Firm Level
- Engagement Quality Control
- Leadership Responsibilities
- Ethical Requirements
- Acceptance & Continuance of Clients
- Human Resources
- Engagement Performance
- Monitoring & Review
Chapter 2 – General Auditing Principles & Auditor Responsibilities
- Basic Principles of Auditing
- Overall Objectives of Independent Auditor
- Auditor’s Responsibilities
- Professional Judgement
- Professional Skepticism
- Ethical Requirements
- Fraud & Error
- Compliance with Laws & Regulations
- Audit Documentation
Chapter 3 – Audit Planning, Strategy & Execution
- Audit Planning
- Overall Audit Strategy
- Audit Plan
- Understanding the Entity
- Engagement Team
- Audit Programme
- Time & Resource Planning
- Supervision and Review
- Changes in Audit Strategy
Chapter 4 – Materiality, Risk Assessment & Internal Control
- Materiality
- Audit Risk
- Inherent Risk
- Control Risk
- Detection Risk
- Risk Assessment Procedures
- Internal Control
- Internal Control Components
- Control Testing
- Evaluation of Control Risk
- Communication of Control Deficiencies
Chapter 5 – Audit Evidence
- Nature of Audit Evidence
- Sufficiency & Appropriateness
- Audit Procedures
- Inspection
- Observation
- External Confirmation
- Recalculation
- Reperformance
- Analytical Procedures
- Sampling
- Written Representations
- Audit Evidence Documentation
Chapter 6 – Completion & Review
- Completion Procedures
- Subsequent Events
- Going Concern
- Written Representations
- Final Analytical Procedures
- Review of Audit Documentation
- Evaluation of Misstatements
- Communication with Those Charged with Governance
Chapter 7 – Reporting
- Audit Report
- Types of Audit Opinions
- Unmodified Opinion
- Qualified Opinion
- Adverse Opinion
- Disclaimer of Opinion
- Emphasis of Matter
- Other Matter
- Key Audit Matters
- Going Concern Reporting
- Reporting under applicable laws and regulations
Module 2 – Specialised Audits, Assurance & Digital Auditing
Chapter 8 – Specialised Areas
- Audit of different specialised sectors
- Audit considerations for specialised transactions
- Special-purpose financial statements
- Specific accounting and auditing considerations
- Practical audit procedures for specialised areas
Chapter 9 – Related Services
- Related Services Framework
- Agreed-Upon Procedures
- Compilation Engagements
- Applicable Standards
- Nature and scope of related services
- Reporting requirements
Chapter 10 – Review of Financial Information
- Review Engagements
- Limited Assurance
- Review Procedures
- Inquiry and Analytical Procedures
- Review Report
- Management Responsibilities
- Practitioner Responsibilities
Chapter 11 – Prospective Financial Information & Other Assurance Services
- Prospective Financial Information
- Forecasts
- Projections
- Examination of Prospective Information
- Assurance Engagements
- Attestation Engagements
- Direct Engagements
- Assurance Framework
- Practitioner Responsibilities
Chapter 12 – Digital Auditing & Assurance
- Technology in Auditing
- Digital Audit Environment
- Data Analytics
- Automated Audit Procedures
- Artificial Intelligence in Audit
- Audit Automation
- IT Controls
- Cybersecurity Considerations
- Continuous Auditing
- Emerging Technologies
- Digital Evidence
ICAI’s current BoS learning resources also specifically cover Digital Auditing & Assurance as a major area of Paper 3.
Chapter 13 – Group Audits
- Group Financial Statements
- Group Audit Planning
- Component Auditors
- Group Engagement Team
- Materiality in Group Audits
- Communication with Component Auditors
- Consolidation Procedures
- Audit Evidence
- Group Audit Reporting
- Significant Components
Chapter 14 – Audit of Banks & NBFCs
- Banking Industry
- Audit of Banks
- Risk-Based Internal Audit
- Income Recognition
- Asset Classification
- Provisioning
- Advances
- Investments
- Non-Performing Assets
- Audit of NBFCs
- Regulatory Requirements
- Special Audit Considerations
Module 3 – Special Audits, Investigation, ESG & Ethics
Chapter 15 – Audit of Public Sector Undertakings
- Public Sector Undertakings
- Government Companies
- Role of CAG
- Statutory Audit
- Supplementary Audit
- Compliance Audit
- Performance Audit
- Audit of Government Entities
- Reporting Requirements
Chapter 16 – Internal Audit
- Concept of Internal Audit
- Objectives
- Scope
- Internal Audit Framework
- Risk-Based Internal Audit
- Internal Audit Planning
- Internal Controls
- Internal Audit Procedures
- Internal Audit Report
- Follow-up & Monitoring
- Internal Audit in specialised environments
ICAI’s current recorded lectures specifically cover Internal Audit along with Group Audit.
Chapter 17 – Due Diligence, Investigation & Forensic Accounting
- Due Diligence
- Financial Due Diligence
- Legal & Commercial Due Diligence
- Investigation
- Fraud Investigation
- Forensic Accounting
- Fraud Detection
- Fraud Prevention
- Evidence Collection
- Investigation Procedures
- Forensic Audit Reporting
- Professional Responsibilities
Chapter 18 – SDGs & ESG Assurance
- Sustainable Development Goals
- Sustainability Reporting
- Environmental, Social & Governance Framework
- ESG Risks
- ESG Disclosures
- Sustainability Assurance
- ESG Assurance Engagements
- Environmental Reporting
- Social Responsibility
- Governance Reporting
ICAI’s current BoS resources specifically include SDGs and ESG Assurance within Paper 3.
Chapter 19 – Professional Ethics & Liabilities of Auditors
- Fundamental Principles of Professional Ethics
- Integrity
- Objectivity
- Professional Competence & Due Care
- Confidentiality
- Professional Behaviour
- Independence
- Threats to Independence
- Safeguards
- Professional Misconduct
- Ethical Standards
- Auditor’s Liabilities
- Disciplinary Proceedings
- Professional Opportunities & Restrictions
- Ethical requirements applicable to audit engagements
What Our Students Say
FREQUENTLY ASKED QUESTIONS
How long is the course?
The course includes 30+ hours of HD video lectures, practical assignments, real-world case studies, and downloadable resources. Since you’ll receive lifetime access, you can complete the course at your own pace without any time restrictions.
Will I get a certificate?
Yes. Upon successfully completing the course, you’ll receive an Industry-Recognized Certificate of Completion that you can add to your resume, LinkedIn profile, or professional portfolio.
Is this course suitable for beginners?
Absolutely. This course is designed for beginners, commerce students, working professionals, CA/CMA aspirants, finance executives, accountants, and business owners. Every concept is explained from the fundamentals to advanced practical applications.
Can I watch this course on mobile?
Yes. You can access the course anytime through our Learning App or on your laptop, desktop, or tablet. Your learning progress is automatically synchronized across all devices.
Is access included?
Yes. Once enrolled, you’ll receive 1 Year to all course videos, study materials, assignments, future updates, and any newly added content at no extra cost.
Do I get study material or notes?
Yes. Along with the video lectures, you’ll receive:
- Comprehensive PDF Notes
- Practical Excel Templates
- Cost Sheet Formats
- Case Study Files
- Assignment Worksheets
- Practice Questions
- Downloadable Reference Material