CA Ravi Taorl (9322011915 / 9096000033) Hello everyone we are ready with >Summary Notes With Charts /Tables & Shortcuts Covering all concepts with all points as given in Modules including content from PM & ATP 8A 200 / 300 /400 /'500 / 600 700 Series Total 31 Standards 364 Pages > NEIPC are the markings where things are net important for IPCC IPC, so concerned students can ignore it Download from given link ‘We willbe revising SAS in 12hours in 1 Day revision sessions across 7 Cities, We will urther enhance content, examples and give printed copies during revision sessions. Summary of other SAs such as 600 ‘SRE 2400 & 2410 / SAEs 3402 & 3410 / SSs 4400 & 4410 willbe ‘given during revision sessions ‘Short notes For May 2016 Exams CA-FINAL & IPC AUDIT QUICK REVISION For May'16 Exam deste 0 Auctgurue AHMEDABAD 1" April ta Ea Er a aL Pe 8" April teas cies ia it Eau LOY cies ca Ravi Tao! Verue egtration vw auditgurutn Revise SAs + Ca eh GB FALE Avangurs For Demo Videos & Quick Revision vist www.auditguru.inCA Ravi Taorl (9922011915 / 9096000033) Core east) Aecoptance & Continuance 458220) usar (Oto Fores ‘eceptanee! ‘Consent Letter/ Appointment 7 Engseement Letter 68210) Ethical ReQuirement 2 independence (SA 200) [ore Aust Process? (4300 (0315) esponte 9 Riek (Auait rovedares) SA 330) ect ot Controle (saa30 = Substantive Testing (sa330) ‘Analytical ‘uct idence Procedures 154500), . 3 Test of Details Sampling (SA 530) Vouching Verification Relying on wrk done by ‘others (SA 600), ‘Short notes For May 2016 Exams 150580) Engagement Quslty conte ‘owew (34220) 184700) 3 16.20) 16820) 1 [Page INTRODUCTIONTOSA 1.TYPESOF STANDARDS(S M) aSandards on Quality Control (1-98) bEngagement Standards tAsserance Services 1a Gandards on Auciting (SAs) (100-999) 'b.@andardson Review Engagements (SAEs) (2000-2699) ‘.Sandards on Assurance Engagement (SAEs) (3000-3699) 2.Related Services ‘Sandards on Related Services (SRS) (4000-4699) ‘2,AUDIT VS REVIEW (4M) wunirieas | RENE uit recdures |aTome | acy Asc Level of Assurance | Reasonabie(High) | Moderate ea oon ate oats Example company ava | Oat Fev ‘3..CONTENTS OF SA(2M) Sa [cour 100-199 INTRODUCTORY MATTERS ‘200-289 | GENERAL PRINGPAL & RESPONSBILITIES 200-399 | ISK ASSESMENT & RESPONSE TO RISK 500-599 | AUDIT EVIDENCE 1600-699 _| USNGWORK OF OTHERS "700-799 | AUDIT REPORT ‘200-999 | SPECIALISED AREAS: For Demo Videos & Guick Favicon vist www auditguruinCn Ravi Taos (¢822011918 /8096000083) 2iPase 4.DRAFTINGOF SALAM a TFROT FELLOWES ORAPTINGOF SA cnoavcewores | pecowenoaron | eRe S04. 9 BE aa aaa winnatuse "| Usriearion SPPLICATION ANOTHER TEES BROAD OLED INTRODUCTION | EXPLANATORY MATERIAL, Ror ‘ADDITICNAL, GRGTIVES ——-ASBENDICES anes cupanee SERNITION NoceLicaTion — [ EISOUSSONDEEATE EQUIFEMENTE S[upIESe OTHER GeaTiNG AARNE S PROCEDURE OF PREPAFING AUDITING STANDARDS STATEMENTS GENERAL GLARFICATIONS( SH) 1 a. AAS to pol ou rae aa 1 Bntnoprofeslonatcereppaiad iy C8 FE onatttessady Geup! Tax rorce 2op oreo MEMBERS *Conveyor is appointed who appoints 5-7 members © Study group submits preliminary draft to chairman. 4. Preliminary Draft isapproved by chairman ©. Draft ishosted on AASB website for minimum 21 Days £. Draft considered in mesting & Exposure drait is finalized 9. Proposed exposure Dratl sont to council member, mminimum 10 days are provided for comments and changes. hh. Exposure draft isissued to member & other public bodies and hosted on IcAlwebsite for minimum 60 days, |. Comments received up-to 1Odaysprior to AASB meeting arehosted, AASB ‘meeting isheld and drafted is finalized. Proposed standard is placed betore council & approved & issued 6) ISSUED BY ‘REMARKS, STANDARDSON AUDITING) REVIEW/ ASSURANCE & OTHER ASSURANCE & | ICAI MANDATORY | RELATED SERVICE RELATED SERVICE INNATURE, “STATEMENT CN UNLESS eee bala CRITICAL MATTERS. CLARFIESISHIES CCENERAL CLARIFICATION an ‘Short notes For May 2016 Exams 4 EACH FROM SEBI/ RBI/IROA 11 FROM IIM OR ANY SUCH INSTITUTION + INDUSTRY ASSOCIATION +1 FROM NPO 8.Special Invites but they cannot vote 8 ‘Gause 9 of Part | of the Second Schedule to the GA Act, 1949 holds member guilty of professional misconduct it he fasta invite attention to material departure trom tho generally 2coepted procedures ‘of audit applicabie tothe circumstances. ‘94.200 -OB,ECTIVES 4 PRINCIPLES 1 .OBJECTLVESOF AN INDEPENDENT AUDITOR(SM). “Primary objective: whether FST gives rust far view [freefrom material misstatement) “Secondary (Extended) objective: If thereis suspicion or material misstatement to determine whether itsdueto fraud or error. “Not an Objective: 4.To do investigation of aud and find out truth and get justice. “To comment on efficiency! effectiveness & future viability For Demo Videos & Quick Revision vist www.auditguru.in