Taxmann's Advanced Auditing Assurance & Professional Ethics (Audit) | CRACKER- This two-volume guide is an essential resource for CA aspirants and professionals aiming to master Advanced Auditing, Assurance, and Professional Ethics. Volume 1 focuses on Descriptive Questions & Case Studies, while Volume 2 covers General MCQs & Case Scenarios. Drawing from ICAI study materials, past exam papers, Mock Test Papers (MTPs), Revision Test Papers (RTPs), and the Board of Studies (BOS) Knowledge Portal, this book offers an in-depth, exam-focused approach for thorough preparation.

About the Book

This 16th Edition is updated for the CA-Final | New Syllabus | November 2025 Exams, authored by Pankaj Garg, and includes the following key features:

• [Latest Amendments] Covers updates in Code of Ethics, Engagement & Quality Control Standards, Company Law, Banking Companies (SLR norms), and NBFC Scale-Based Regulations up to 28th February 2025.

• [Extensive Question Coverage]

• Volume 1 (Descriptive) – 700+ Descriptive Questions & Case Studies, categorized topic-wise and attempt-wise.

• Volume 2 (MCQs & Case Scenarios) – 300 Individual MCQs and 50 Case Scenarios, with detailed explanations.

• [Exam-Oriented Presentation] Questions are organized chapter-wise and attempt-wise to match the exam pattern.

• [Detailed, Point-Wise Explanations] Designed for better understanding and quicker retention of auditing and ethics concepts.

• [ICAI References] Includes material from ICAI Study Modules, BOS Knowledge Portal, Past Exam Papers, MTPs, and RTPs for holistic preparation.

• [Value-Added Aids] Additional resources like Self-Learning Study Material, Class Notes, and a Quick Referencer for easy revision.

Coverage & Structure

This book comprehensively covers:

• Standards & Code of Ethics – In-depth analysis of Engagement and Quality Control Standards, including Code of Ethics amendments.

• Audit Procedures & Techniques – Covers planning, risk assessment, materiality, internal control, evidence collection, and reporting.

• Specialized Areas & Regulatory Updates:

• Banking Audits (SLR Norms)

• NBFC Audits (Scale-Based Regulations)

• Public Sector Audits

• Digital Auditing & Assurance

• ESG & SDG Assurance

• Professional Ethics & Auditor Liabilities – A detailed discussion on ethical principles and risk mitigation for auditors.

• Case Scenarios & MCQs – Practical scenarios and chapter-wise MCQs to reinforce conceptual clarity.

• Descriptive Questions & Case Studies – Arranged topic-wise and attempt-wise, aligned with exam patterns from May 2024 to November 2024, and updated for November 2025.

Book Structure: Two-Volume Format

• Volume 1 – Descriptive Questions & Case Studies

• 700+ questions arranged chapter-wise

• Extensive coverage of auditing topics with the latest amendments

• In-depth case studies for practical insights

• Volume 2 – General MCQs & Case Scenarios

• 300 MCQs + 50 Case Scenarios

• Chapter-wise and attempt-wise classification

• Detailed explanations for better conceptual understanding

Additional Highlights

• Chapter-Wise Marks Distribution – A summarized table showing exam weightage based on past exams (May 2024, November 2024) to help focus on high-scoring topics.

• Point-Wise Answers & Explanations – A structured approach for better retention and clarity.

This book is an indispensable guide for CA-Final students looking for a structured, exam-focused, and comprehensive reference to master Advanced Auditing, Assurance, and Professional Ethics.