CA Final Audit May 2024: The CA Final Course marks the concluding stage of the CA journey, with candidates becoming eligible for CA final examinations after completing 2.5 years of articleship.
These exams occur twice a year, in May and November, encompassing eight papers divided into two sections. Among these, the Advanced Auditing and Professional Ethics paper, commonly known as the Auditing paper, is part of the First Group. For the CA Final May 2024 exam, the Auditing Paper is scheduled for May 5, 2024 (tentatively). This article provides comprehensive 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 May 2024 exams.Exam Overview:
The exam consists of 30 multiple-choice questions (MCQ) and 6 subjective questions, of which 5 must be answered. The total duration of the exam is 3 hours, with a maximum score of 100 marks - 30 for MCQs and 70 for subjective questions.Assessment Criteria:
The Institute of Chartered Accountants of India (ICAI) evaluates each question based on comprehensive knowledge, analytical skills, and reporting efficiency. Each question is divided into 3 or 4 sections that need to be addressed and solved.Success Tips:
To secure higher marks, it is crucial for students to adhere to the prescribed answer pattern. Deviating from the recommended approach can result in lower marks and exam failure.CA Final Exam Pattern May 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) | ||
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% |
CA Final Audit Study Material 2024 | |
Particulars | Download Link |
Module -1 | |
Initial Pages | Click Here |
Chapter 1: Auditing Standards, Statements, and Guidance Notes – An Overview | Click Here |
Chapter-2: Audit Planning, Strategy, and Execution | Click Here |
Chapter 3: Risk Assessment and Internal Control | Click Here |
Chapter 4: Special Aspects of Auditing in an Automated Environment | Click Here |
Chapter 5: Company Audit | Click Here |
Annexure: Schedule III to The Companies Act, 2013 | Click Here |
Chapter 6: Audit Reports | Click Here |
Module -2 | |
Initial Pages | Click Here |
Chapter 7: Audit Committee and Corporate Governance | Click Here |
Chapter 8: Audit of Consolidated Financial Statements | Click Here |
Chapter 9: Audit of Banks | Click Here |
Chapter 10: Audit of Insurance Company | Click Here |
Chapter 11: Audit of Non-Banking Financial Companies | Click Here |
Chapter 12: Audit under Fiscal Laws | Click Here |
Module -3 | |
Initial Pages | Click Here |
Chapter 13: Audit of Public Sector Undertakings | Click Here |
Chapter 14: Liabilities of Auditor | Click Here |
Chapter 15: Internal Audit, Management and Operational Audit | Click Here |
Chapter 16: Due Diligence, Investigation and Forensic Audit Unit 1: Due Diligence Unit 2: Investigation Unit 3: Forensic Audit | Click Here For Unit 1 Click Here For Unit 2 Click Here For Unit 3 |
Chapter 17: Peer Review and Quality Review Unit 1: Peer Review Unit 2: Quality Review | Click Here For Unit 1 Click Here For Unit 2 |
Chapter 18: Professional Ethics | Click Here |
Related Links: | |
CA Final Exam Form 2024 | CA Final Exam Date 2024 |
CA Final Eligibility Criteria 2024 | CA Final Exam Pattern 2024 |
CA Final Syllabus 2024 | CA Final Registration 2024 |