CA IPCC Auditing Important Questions, Topics for May 2018 are provided here. To get 50+ pass marks in IPCC Auditing Exam, You can prepare given important topics.
CA IPCC Auditing & Assurance Important Questions, Topics & Chapters
Chapterwise Auditing Important Topics
- Start with company Audit I & II friends…. this both chapter cover around 30 marks. As this cover 30 marks so read each and every topic in it.
- Special Audits – Club Audit, Educational Institution, Hotel, Cinema Hall, Advantages of audit of accounts of partnership firm.
- Verification : Cash, Depreciation, Contingent liability, Subsequent Events ( SA 560 ) , Cut-off Procedures, Personal Exp. of Directors & Analytical Review ( SA 500 ). Do this chapter and vouching in last. Best book for doing this is Practice Manual.
4. Internal Control – Audit Risk, Audit Trail, EDP Auditing Approach n other related topic to EDP.
- Preparation of Audit – Audit Techniques, Audit Programme, Audit Sampling ( SA 530 ), Continuous Audit, Letter of Engagement, Management Representation.
- Chapter 1 & 2 – Audit Evidence & Methods of obtaining it, Compliance & Substantive Procedures, Going Concern Assumption, Joint Auditors ( SA 299 ), Principles governing audit, SA 200, Types of Error ( Specially Commission & Casting ), Operational Audit, Detection of Fraud & errors, Audit Engagement Letter, Inherent limitations of Audit.
- Intro of Audit (with relevant SAs relating to those chapters)
- Basic concept of Audit (with relevant SAs relating to this chap)
- Company audit
- CARO related provisions
- Special audit
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Overall Important Topics
- Qualifications and Disqualifications of an auditor.
- Appointment of auditors (all cases)
- Casual vacancy of an auditor to be filled up
- Removal of auditors
- Remuneration of auditors
- Duties of the auditor
- Discuss about cost Audit.
- Provisions relating to Branch Audit.
- Vouching and verification 8m (refer class notes)
- Inherent limitations of audit
- CAR0, 2003 4m (refer to summary)
- Qualities of an auditor
- Types of Reserves AND Objects of creating each.
- Appointment of auditor of Government Company.
- SA 580
- SA 530
- SA 560
- SA 700, 705, 706
- Types of Audit Report/ Audit Opinion
- Concept of Materiality & SA 320
- Audit of hire purchase transactions.
- Aspects to be covered in an audit
- Write about local bodies.
- Audit of Hotels.
- Design and Special Characteristics of EDP Systems.
- CAAT requirement in EDP audit.
- Audit of Charitable institutions.
- Audit of Incomplete records.
- Audit of Cinema Theater.
- Letter of weakness. 1
- Audit Trail or Examination In Depth
- Write about analytical review test.
- Methods to obtain Audit Evidence.
- Capital Expenditures and its types.
- Audit procedures to obtain Audit Evidence
- Basic elements of Auditor’s report.
- Audit of commercial accounts.
- Controls in an EDP environment.
- Matters to be verified in the audit of dividend.
- Prior period items, Extra-ordinary items.
- SA 200, 210, 220, 240.
- Audit evidence and what is the need of it.
- Revenue expenditure.
- Approaches to auditing in a computerized environment.
- Audit of a Hospital.
- Audit of Stores and stocks.
- Audit of issue of share capital.
- Powers and duties of C&AG.
- AS 1
- AS 6
- Write answer point wise.
- Also use the practical knowledge while writing answers of auditing as it shows your understanding of subject.
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