Advance Auditing Assurance and Professional Ethics Notes for Smart CA Final Prep – Download Free PDFs
Advance Auditing Assurance and Professional Ethics are a high weightage and intellectually demanding paper at the CA final level. This subject covers standards, company law, ethics, peer review, and digital audits.
Our free download, well structured notes PDFs simplify complex topics, including ICAI updates, case laws, and summary charts for revision – helping you retain concepts better and score confidently in the exam.
60 Days Study Plan – Chapter-wise Distribution
Days |
Chapter |
Module |
Focus Areas |
Day 1–2 |
Chapter 1: Quality Control |
Module 1 |
SQC 1, SA 220, Peer Review, Quality Review, NFRA |
Day 3–4 |
Chapter 2: General Auditing Principles & Auditor’s Responsibilities |
SA 240, SA 250, SA 260, SA 299, SA 402 |
|
Day 5–6 |
Chapter 3: Audit Planning, Strategy and Execution |
SA 300, SA 450, SA 520, SA 540, SA 610, SA 620 |
|
Day 7–8 |
Chapter 4: Materiality, Risk Assessment & Internal Control |
SA 265, SA 330, Risk-based audit, Internal Control |
|
Day 9 |
Chapter 5: Audit Evidence |
SA 500 series (SA 505, 510, 530, 550) |
|
Day 10 |
Chapter 6: Completion and Review |
SA 560, 570, 580 – Subsequent Events, Going Concern, Reps |
|
Day 11–12 |
Chapter 7: Reporting |
SA 700, 701, 705, 706, 710, 720, CARO 2020 |
|
Day 13 |
Revision of Chapters 1 to 7 |
Quick notes + attempt 1 MTP + SA charts |
|
Day 14–15 |
Chapter 8: Specialised Areas |
Module 2 |
SA 800, 805, 810 (special purpose audits) |
Day 16 |
Chapter 9: Related Services |
SRS 4400, 4410 |
|
Day 17 |
Chapter 10: Review of Financial Information |
SRE 2400, 2410 |
|
Day 18 |
Chapter 11: Prospective Financial Information & Other Assurance Services |
SAE 3400, 3402, 3420 |
|
Day 19 |
Chapter 12: Digital Auditing & Assurance |
CAAT, AI, Data Analytics, Remote Audit |
|
Day 20 |
Chapter 13: Group Audits |
SA 600, CFS Audit, Work of Component Auditors |
|
Day 21 |
Chapter 14: Audit of Banks & NBFCs |
NPA norms, Audit procedures, Practical application |
|
Day 22 |
Revision of Module 2 |
Quick charts + Flow diagrams + 1 full test |
|
Day 23 |
Chapter 15: Audit of Public Sector Undertakings |
Module 3 |
Propriety audit, Performance audit, CAG audit |
Day 24 |
Chapter 16: Internal Audit |
Internal audit reports, Audit Trail, Internal Audit Standards |
|
Day 25 |
Chapter 17: Due Diligence, Investigation & Forensic Accounting |
Types of frauds, Investigation Steps, Forensic Standards |
|
Day 26 |
Chapter 18: ESG & Sustainable Development Assurance |
ESG Reporting, SDGs |
|
Day 27–28 |
Chapter 19: Professional Ethics & Liabilities of Auditors |
Code of Ethics 2020, Clause-wise cases, CA Act 1949 |
|
Day 29–30 |
Revision of Module 3 |
Clause flowcharts + Past Ethics Qs + ICAI MCQs |
|
Day 31–35 |
Full Syllabus Revision Round 1 |
All |
Revise all 19 chapters quickly with keywords |
Day 36–40 |
Case Study Practice (SA + Ethics) |
Practice past 5 years’ RTP/MTP case studies |
|
Day 41–45 |
Write 2 Mock Papers (ICAI MTPs) |
Simulate exam timing and evaluate answer structure |
|
Day 46–50 |
SAs and Ethics Focus Days |
Revise all 35+ SAs + Ethics clauses in flowchart/table form |
|
Day 51–55 |
Important Topics Recap |
Reporting, Ethics, Bank Audit, CARO, SA 700-series |
|
Day 56–58 |
Revise RTPs (last 3 attempts) |
Focus on new ICAI questions and amendments |
|
Day 59–60 |
Final Full Revision + Sticky Notes |
Revise your own short notes/summary book |
How to Write Answer that Impress Examiners
. Follow PAC format: Provision → Application → Conclusion
. Always start with a SA/Ethics reference, apply it, and conclude clearly.
. Use Bullet points & Headings
. Mention SA numbers & Ethics Clauses
. Underline keywords
. Write in Professional Language, use audit terminology, not causal words.
FAQs
Q1: What is the Advanced Auditing, Assurance and Professional Ethics subject in CA final?
Ans: It is one of the core subjects of the CA final Group 1, covering Standards of Auditing (SAs), audit procedures, professional ethics, regulatory audits and reporting.
Q2: Do your notes cover all the latest SAs and Code of Ethics?
Ans: Yes, our notes cover all major standards on Auditing (SA 200 – 810), the latest Code of Ethics (2025) all relevant professional misconduct clauses.
Q3: Where can I ask doubts related to Advance Auditing topics?
Ans: Join Bhagya Achievers Community doubt section where faculty experts respond to student queries within 24 hours.
Q4: Are mock tests available for CA Final Audit?
Ans: Yes, we provide free mock tests with ICAI style paper pattern. You can also attempt chapter-wise test series on our platform to strengthen weak areas
Q5: What is the exam pattern of Advance Auditing Assurance and Professional Ethics?
Ans: Total Marks: 100
MCQs (included case based): 30 marks
Descriptive Questions: 70 marks
Q6: Is Advance Auditing Assurance and Professional Ethics subject difficult to pass?
Ans: While many students find it theoretical and vast, scoring is achievable with conceptual clarity, command over SAs, and structured answer writing.
Notes
- Paper 1: Financial Reporting Notes
- Paper 2: Advanced Financial Management Notes
- Paper 3; Advance Auditing Assurance and Professional Ethics Notes
- Paper 4: Direct Tax law and International Taxation Notes
- Paper 5: Indirect Tax Laws Notes
- Paper 3: Advance Auditing Assurance and Professional Ethics Notes
- SPOM Set A: Corporate and Economic Laws Notes
- SPOM Set B: Strategic Cost and Performance Management Notes