ICAI CA Final Audit - Syllabus, Sample Papers Sept/Nov 2024 - Download PDFs MTPs
Hey CA Final Aspirants, In this article, you will find all of the necessary study materials for the CA Final Audit Exam, including
- the syllabus,
- previous year papers,
- a question bank,
- a practice manual,
- and the exam format for the Sept/Nov 2024 exams.
As we know, CA Final Course is the final part of the CA journey. Final-level candidates are entitled to take CA final examinations after 2.5 years of articleship.
Exams are conducted twice a year, in May and November. CA final level contains eight papers to examine, which are divided into two sections.
The Advanced Auditing and Professional Ethics paper, also known as the Auditing paper, is in the First Group.
The CA Final Sept/Nov 2024 exam date for the Auditing Paper is Nov 6, 2024.
CA Final Exam Pattern
Its important to understand exam patterns before we go into the sample paper for CA Audit for practice.
Given below is the marking scheme of the ICAI CA Final exam:
Sr.No | ICAI CA Final Papers | Level I - Comprehension & Knowledge | Level II - Analysis & Application | Level III - Evaluation & Synthesis |
1 | Financial Reporting | 5%-15% | 55%-85% | 15%-25% |
2 | Advanced Financial Management | 10%-20% | 20%-40% | 50%-60% |
3 | Advanced Auditing and Professional Ethics | 15%-25% | 40%-70% | 20%-30% |
4 | Integrated Business Solution (Multi -disciplinary case study with Strategic management ) | 15%-25% | 40%-55% | 30%-35% |
30%-50% | 50%-70% | |||
5 | Direct tax laws and International taxation | 10%-15% | 45%-55% | 35%-40% |
6 | Indirect Tax Laws Part I: Goods and Services Tax | 10%-30% | 40%-70% | 20%-30% |
Part II: Customs & FTP | 20%-40% | 40%-70% | 10%-20% |
Paper Pattern: | 30:70 assessment |
Total Question Asked: | 30 as MCQ-type questions; 6 In subjective types questions, out of which 5 need to be answered. |
Total Exam Duration: | 3 hours |
Maximum Marks: | 100 marks 30 for MCQ and 70 for subjective questions |
Remember:
- Each question will be evaluated by ICAI based on the depth of understanding, analytical ability, and effectiveness of the presentation.
- Each question includes three or four components that must be addressed and solved.
CA Final Exam Pattern 2024
It is important for students to know the exam pattern and syllabus after learning about the CA Final syllabus and subjects. It will be helpful in preparing a study schedule.
Here is the CA Final exam pattern for Sept/Nov 2024 :
CA Final | Details |
Mode of exam | Pen paper-based exam |
Medium of exam | Hindi and English |
Duration of exam | 3 hours for each paper |
Total number of groups | 2 |
Types of questions | Subjective and Objective |
Exam conducting body | ICAI |
Total number of papers | 8 as per both the old and new syllabus |
Frequency | 2 times (May and November) |
Marking scheme | 100 marks for each paper |
Negative marking | No negative marking for wrong answers |
CA Final Advanced Accounting & Professional Ethics Weightage: Chapter-Wise (2024)
The ICAI has assigned weightage to specific chapters based on their relevance to the real world and level of difficulty.
Students should plan and study for exams based on the weightage of topics and divide down chapters accordingly.
Chapters | Topics | Weightage |
Chapter 1-4,6 | Chapter 1: Auditing Standards, Statements and Guidance Notes – An Overview Chapter-2: Audit Planning, Strategy and Execution Chapter 3: Risk Assessment and Internal Control Chapter 4: Special Aspects of Auditing in an Automated Environment Chapter 6: Audit Reports | 25%-40% |
Chapter 5, 7, 8,14 | Chapter 5: Company Audit Annexure: Schedule III to The Companies Act, 2013 Chapter 7: Audit Committee and Corporate Governance Chapter 8: Audit of Consolidated Financial Statements Chapter 14: Liabilities of Auditor | 15%-20% |
Chapter 9,10, 11,12 | Chapter 9: Audit of Banks Chapter 10: Audit of Insurance Company Chapter 11: Audit of Non-Banking Financial Companies Chapter 12: Audit under Fiscal Laws | 15%-30% |
Chapter 13, 14, 15, 16, 17 | Chapter 13: Audit of Public Sector Undertakings Chapter 14: Liabilities of Auditor Chapter 15: Internal Audit, Management and Operational Audit Chapter 16: Due Diligence, Investigation and Forensic Audit Unit 1: Due Diligence Unit 2: Investigation Unit 3: Forensic Audit Chapter 17: Peer Review and Quality Review Unit 1: Peer Review Unit 2: Quality Review | 10%-20% |
Chapter 18 | Professional Ethics | 10%-15% |
Check out here CA Final Syllabus 2024 In Detail
CA Final Exam Advanced Auditing Study Material 2024
CA Final study material for all subjects is available from the link provided by the Institute of Chartered Accountants of India.
All the chapters included in the syllabus are covered in the study material. Below you will find the study material for paper 3 Auditing CA final. While preparing for ca Final exams, you can download and use them.
Particulars | Download Link |
Module -1 | |
Initial Pages | |
Chapter 1: Auditing Standards, Statements, and Guidance Notes – An Overview | |
Chapter-2: Audit Planning, Strategy, and Execution | |
Chapter 3: Risk Assessment and Internal Control | |
Chapter 4: Special Aspects of Auditing in an Automated Environment | |
Chapter 5: Company Audit | |
Annexure: Schedule III to The Companies Act, 2013 | |
Chapter 6: Audit Reports | |
Module -2 | |
Initial Pages | |
Chapter 7: Audit Committee and Corporate Governance | |
Chapter 8: Audit of Consolidated Financial Statements | |
Chapter 9: Audit of Banks | |
Chapter 10: Audit of Insurance Company | |
Chapter 11: Audit of Non-Banking Financial Companies | |
Chapter 12: Audit under Fiscal Laws | |
Module -3 | |
Initial Pages | |
Chapter 13: Audit of Public Sector Undertakings | |
Chapter 14: Liabilities of Auditor | |
Chapter 15: Internal Audit, Management and Operational Audit | |
Chapter 16: Due Diligence, Investigation and Forensic Audit Unit 1: Due Diligence Unit 2: Investigation Unit 3: Forensic Audit |
|
Chapter 17: Peer Review and Quality Review Unit 1: Peer Review Unit 2: Quality Review | |
Chapter 18: Professional Ethics | |
In order to achieve a comprehensive understanding of the topics, students use the ICAI study materials along with some other books and notes available online and offline.
If you are looking for more easy study material, consider CAtestseries.org as they provide the most comprehensive and sorted CA final Auditing paper notes for a deeper understanding of the topics.
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CA Final Auditing Pronouncements - Nov 2024 (Updated)
This handy note contains all the amendments to the auditing process issued by ICAI.
- Initial Pages
- Part I: Auditing and Assurance Standards
- Part II: Statements
CA Final Advanced Auditing Question Papers -Suggested Answers Sept/Nov 2024
By practicing CA final previous year question papers and answering them in the same format as the suggested answers, the student becomes familiar with the format expected by ICAI, which helps them score points.
Question Papers | Download Link | Suggested Answers | Download Link |
December 2021 | |||
July 2021 | |||
January 2021 | |||
November 2020 | |||
November 2019 | |||
May 2019 | |||
November 2018 | |||
May 2018 |
CA Final Advanced Auditing - Mock test Papers (MTPs) 2024
As we know, the syllabus under the new scheme has been revised by the ICAI.
Download the suggested Mock Test Paper for CA Final Advanced Auditing and Professional Ethics here:
CA Final Advanced Auditing and Professional Ethics: RTP (Revision Test Papers) Sept/Nov 2024
Particulars | Download Link |
CA Final Advanced Auditing – 30:70 Assessment MCQ 2024
Its True:
You have a greater chance of passing exams with excellent scores the more you practice.
Therefore, in accordance with the new updated scheme, we are sharing the 30:70 McQ for you to practice for the CA Final Auditing 2024 Paper.
- Sample Questions 1
- Sample Questions 2
- Sample Questions 3
Key Topics covered in the ICAI CA Final Audit Syllabus for Sept/ Nov 2024
1.Professional Ethics :
- Code of ethics for Chartered Accountants.
- Professional misconduct and its consequences.
2. Audit of Banks:
- Special considerations in the audit of banks
- Audit reports and certificates for banking sector.
3. Audit of different Entities :
- Audit of different types of entities such as public sector undertakings, insurance companies, cooperative societies and non- banking financial companies (NBFCs).
4. Audit Reports :
- Types of audit reports and opinion formation.
- Reporting standards and guidelines.
5. Audit of Historical financial information :
- Introduction, basic concepts and overview of audit procedure.
- Standard on auditing and other related pronouncements.
6.Audit under Fiscal Laws :
- Audit related to income tax, GST and relevant laws.
7. Corporate Governance and Audit Committee :
- Role, responsibilities and functions of audit committees.
- Corporate Governance practices and compliances.
Conclusion
Thus, according to the CA Inter and Final toppers, these sample papers are essential for ICAI Exam preparation.
Always remember:
- If you do not practice before an exam, you cannot expect to do well in the end. Knowledge and expertise constantly improve with practice and experience.
- Mock test series encourage revision and study, promote early learning, and are likely to boost retention. Exam preparation is essential to success, and mock exams help you study efficiently.
- Your objective should be to get the greatest possible performance on exam day, and practice exams help you gain confidence and overcome exam anxiety.
Yes, we know now, at last, the questions come to your mind which test series is the best for ca inter?
For the answer to this question students visit our recent blog: - Which test series is best for CA Final
Thus, we hope this article will be helpful in your CA Final Exams Sept/Nov 2024 preparation!
Stay tuned for daily CA Exams 2024 updates!
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