Combo: Financial Statements+Company Balance Sheet+Red Flags+Qualifications+Statutory Audit+CARO+Audit Trail+Peer Review

Description

Get a flat 30% discount for a limited period and free shipping on the following books by CA. Kamal Garg:

1.) Financial Statements of Non-Corporate Entities

Understand and prepare Financial Statements of Non-Corporate Entities with this 1st edition (2025) by CA. Kamal Garg Spanning 472 pages, the book offers practical insights into accounting principles, disclosures, and regulatory requirements tailored to proprietorships, partnerships, and other non-corporate structures. ISBN: 978-93-4808-065-3 | Bharat Publishers

Chapter Number	Description
DIVISION I	Accounting Standards
Chapter 1	Accounting Standards for Non-Corporate Entities
Chapter 2	Gist of Accounting Standards and Exemptions Thereunder
DIVISION II	Financial Statements of Sole-Proprietorship
Chapter 3	Basic Features of Financial Statements of Sole Proprietorship Concerns
Chapter 4	Specimen Financial Statements for Sole Proprietorship Concern
Chapter 5	Specimen notes to the financial statements regarding significant accounting policies for Sole Proprietorship Concern
DIVISION III	Financial Statements of Partnership Firms
Chapter 6	Basic Features of Financial Statements of Partnership Firms
Chapter 7	Specimen Financial Statements for Partnership Firm
Chapter 8	Specimen Notes to the Financial Statements Regarding Significant Accounting Policies for Partnership Firms
DIVISION IV	Financial Statements of HUF
Chapter 9	Basic Features of Financial Statements of Hindu Undivided Family (HUF)
Chapter 10	Specimen Financial Statements for Hindu Undivided Family (HUF)
Chapter 11	Specimen Notes to the Financial Statements Regarding Significant Accounting Policies for HUF
DIVISION V	Financial Statements of NPOs
Chapter 12	Basic Features of Financial Statements of Non-Profit Organisations (NPOs)
Chapter 13	Specimen Financial Statements for Non-Profit Organisations (NPOs)
Chapter 14	Specimen Notes to the Financial Statements Regarding Significant Accounting Policies for NPOs
DIVISION VI	Accounting Standards Disclosure Checklist
Chapter 15	Checklists of Accounting Standards
Chapter 16	Commonly Observed AS Based Non-Compliances in Financial Statements to be Watchful for
DIVISION VII	Miscellaneous
Chapter 17	Accounting Treatment for MAT Credit
Chapter 18	Expenditure Incurred During Construction Period
Chapter 19	Cash Flow Statement
Chapter 20	Construction Contracts
Chapter 21	Reporting under MSMED Act, 2006

2.) Company Balance Sheet and Profit & Loss Account

Grab the latest edition (12th, Edition 2025) of ‘Company Balance Sheet and Profit & Loss Account under Accounting Standards & Schedule III (For the F.Y. 2024-25)‘ authored by CA. Kamal Garg, published by Bharat Publishers. With 1176 pages, this comprehensive guide covers various topics including Financial Reporting, Depreciation, Checklists of Accounting Standards, and more. For a limited period, avail a flat 25% discount along with Free Shipping. ISBN: 978-81-1956-523-8.

Contents at a Glance:

This comprehensive guide on financial reporting and accounting under the Companies Act, 2013, covers essential topics for professionals, auditors, and students. It is structured into six key divisions:

Division 1: Accounts of Companies and Board of Directors Report

• Detailed discussion on statutory registers, financial reporting, internal audits, and approval/adoption of accounts.

• Includes chapters on the National Financial Reporting Authority (NFRA), accounting standards, and handling financial statements.

Division 2: Companies (Auditor’s Report) Order, 2020

• A complete checklist and analysis of the Companies (Auditor’s Report) Order, 2020.

Division 3: Financial Reporting

• In-depth exploration of Schedule III under the Companies Act, 2013, accounting standards, fixed assets, investments, reserves, contingent liabilities, and profit/loss accounts.

• Special focus on financial instruments, derivatives, and cash flow statements.

Division 4: Depreciation

• Covers depreciation provisions, practical illustrations, and comparisons of schedules under different Acts.

Division 5: Checklists of Accounting Standards

• Comprehensive checklists to ensure compliance with accounting standards.

Division 6: Practice Pointers

• Insights into common non-compliances, practical issues, and specimen financial statements under accounting standards.

Additional Features:

Includes FAQs, practical updates, illustrative examples, and formulas for ratio computations. This guide is an indispensable resource for mastering financial reporting and accounting practices.

3.) Red Flags Compendium Practical Case Studies in Forensic Accounting & Corporate Fraud Investigation

Get the latest “Red Flags Compendium: Practical Case Studies in Forensic Accounting & Corporate Fraud Investigation” (1st Edition, 2025) by CA Kamal Garg, published by Bharat Publishers. This 568-page guide provides expert insights into forensic accounting and fraud detection. ISBN: 978-93-4808-089-9. Order now!

Chapter Number	Description	Page Number
	Preface	7
	Detailed Contents	13
Chapter 1	Red Flags in Forensic Accounting and Investigation – An Introduction	1
Chapter 2	Material Business Changes	4
Chapter 3	Scale of Operations of a Company	8
Chapter 4	Complex Transaction Structures	12
Chapter 5	Predominance of Cash Transactions	16
Chapter 6	Registered Office of the Company	20
Chapter 7	Foreign Entity Connections and Potential Non-Compliance with FEMA	24
Chapter 8	Team Competency and Presence for Financial as well as Operations related matters	29
Chapter 9	Director Disqualification under Section 164(2) of the Companies Act, 2013	33
Chapter 10	Director Disqualification Due to Non-Filing of Financial Statements by Connected Entities	38
Chapter 11	Frequent Changes in Directors and Key Managerial Personnel	44
Chapter 12	Name Sake Directors	49
Chapter 13	Frequent Changes in Auditors and Auditor Independence	54
Chapter 14	Large Number of Related or Connected Entities	60
Chapter 15	Materially Adverse Information Identified through Public Domain Searches	65
Chapter 16	Promoters and Connected Entities Marked as Wilful Defaulters by Banks and Financial Institutions	70
Chapter 17	Corporate and Bank Guarantees Issued to Related Parties and Third Parties	75
Chapter 18	Unconfirmed Balances of Debtors, Creditors, Loans, and Advances	80
Chapter 19	High-Value Receipts and Payments during the Look-Back Period	85
Chapter 20	Legal and Professional Fees as a Potential Red Flag Indicator	90
Chapter 21	Kickbacks in Procurement Contracts	95
Chapter 22	Discrepancies Between Claims and Asset Values of the Corporate Debtor	100
Chapter 23	Non-Maintenance and Loss of Books and Records	105
Chapter 24	Weak Accounting Systems and Internal Controls	110
Chapter 25	Non-Registration and Non-Filing of GST/IT Returns	115
Chapter 26	Material Arbitration Proceedings	120
Chapter 27	Clean Audit Reports and the Need for an Avoidance Review	125
Chapter 28	Assets Featuring in the Balance Sheet without Proper Title	130
Chapter 29	Frequent Changes in Accounting Policies	134
Chapter 30	Incomplete Board Reports not in Line with the Companies Act, 2013	140
Chapter 31	Assets in Transit or Not Cleared from Port for a Significant Period of Time	145
Chapter 32	Assets Used by Other Entities on a Free of Cost or Lower-than-Market Charge Basis	150
Chapter 33	Significant Aging of Capital Work in Progress	155
Chapter 34	Significant Revaluation Reserves in the Balance Sheet	160
Chapter 35	Sale and Leaseback Transactions of Assets Pledged in Favor of Lenders	165
Chapter 36	Unauthorized Creation of Security Interests	170
Chapter 37	Assets Used for Personal Purposes of Promoters with Costs Borne by the Company	175
Chapter 38	Large Undervalued Asset Sales without Valuation Reports or Competitive Sale Process	180
Chapter 39	Incorporation of Special Purpose Vehicles (SPVs) and Transfer of Funds without Underlying Business Purpose	185
Chapter 40	Significant Investments in Partnership Firms and Other Unincorporated Entities	190
Chapter 41	Indian Special Purpose Vehicle (SPV) Subject to Strike Off and Loss of Trail of Funds	195
Chapter 42	Foreign Special Purpose Vehicle (SPV) Closed without Notice to Lenders and Loss of Fund Traceability	200
Chapter 43	Creation of Assets Abroad and in Related Entities	205
Chapter 44	Sale or Transfer of Key Revenue-Earning Business Divisions	210
Chapter 45	Shares of Investee Entities Purchased as Investments at Exorbitant or Unjustified Premiums	215
Chapter 46	No Returns on Investments in Terms of Dividends or Refund of Capital Even after Long Periods	221
Chapter 47	Large Value Investments Extinguished or Written off and Recorded as Losses without Proper Rationale, Leading to Erosion of Net Worth	226
Chapter 48	Shareholding Dilution by Fraudulent and Collusive Rights Issue Process and Relinquishments in Investee Companies	232
Chapter 49	Variances Between Stock Reporting to Lenders and Books of Accounts	238
Chapter 50	Sale of Inventory Other than in the Normal Course of Business	243
Chapter 51	Large Sales Returns to Certain Operational Creditors to Enable Preferential Payments for Current Transactions in the Ordinary Course of Business	249
Chapter 52	Inflated Stock and Book Debts Reporting without Underlying Inventory	255
Chapter 53	Customer Master Data is Not Maintained Properly and is Incomplete	260
Chapter 54	Fraudulent Accounting and Reporting of Sales and Inflation of Receivables	264
Chapter 55	High Value Discounts Offered to Some Customers and Not to Others	269
Chapter 56	Collections Routed Through Non-Authorized Bank Accounts or Received in Cash	274
Chapter 57	Customer Payments are Made Directly to Vendors/ Promoters and Receivable Balances are Not Reconciled	279
Chapter 58	Significant Aging of Receivables Balances	284
Chapter 59	Assignment of Receivables to Third Parties/Related Parties	289
Chapter 60	Large Receivables Extinguished/Written off and Recorded as Losses without Proper Rationale/Legal Efforts and Eroding the Net Worth	294
Chapter 61	Fictitious Bank Receipts (In Bank Book but Not in Bank Statements)	299
Chapter 62	Sudden Increase in Unbilled Revenue	304
Chapter 63	Receivables Written off on the Basis of Arbitral Awards	304
Chapter 64	Audit Qualifications on Revenue Recognition, Inability to Obtain Balance Confirmations	314
Chapter 65	Inflated Book Debts Reporting to Bankers Not Reconciled to Books of Accounts	319
Chapter 66	Presence of a High Number of Bank Accounts and Inter-Se Movement of Funds	324
Chapter 67	Diversion of Funds to Parties Other than Normal Business Payees	329
Chapter 68	Round Tripping of Funds Between Various Cash Credit Accounts Held with Different Bankers to Enhance Debit and Credit Summations of Bank Accounts	334
Chapter 69	Fund Movements Not through Designated Consortium Accounts	339
Chapter 70	Loans and Advances given without any Agreements and Legal Recourse	344
Chapter 71	Loans to Directors/Entities for No Business Purpose and Includes Related/Connected Entities	349
Chapter 72	Significant Aging of Loan Balances	354
Chapter 73	Loans and Advances on an Interest-Free Basis Although Interest is Paid by the Company	359
Chapter 74	Large Value Loans and Advances Written off without any Legal Recourse/Attempts to Collect and Eroding the Net Worth	364
Chapter 75	Loans and Advances Outstanding in Entities which are under “Strike-off” as per MCA Records and No Proceedings are Stated as Possible	369
Chapter 76	Share Capital Not Received by Bank Funds Process but by Adjustment Entries	374
Chapter 77	Return of Allotment Not Filed or Filed with Wrong Facts and Figures	379
Chapter 78	Exorbitant Share Premium from Investor Companies Not through Bank Sources and/or Diverted Back later	364
Chapter 79	Shareholding in the CD is Fictitious — the Investor-Shareholders have themselves Extinguished the Investments in their Balance Sheets	389
Chapter 80	Company Funds have been used to Purchase Shares of the Company by Directors	394
Chapter 81	Loans Recorded by Mere Book Entries without Corresponding Bank Inflows — Preference/ Fraudulent	399
Chapter 82	Round Tripping Loans Received, diverted to Other Group/Connected Entities without any Business Purpose — Diversion of Funds	404
Chapter 83	Loans taken without No Objection from Existing Lenders and Security Interest Created thereon	409
Chapter 84	Unsecured Loan becomes a Secured Loan without New Value	414
Chapter 85	Loans Stated as Received in Cash	419
Chapter 86	Certain Loans Settled in Priority over some Other Loans	423
Chapter 87	Loans Received at Exorbitant Rates of Interest or Security Created and Purchases on Credit at Exorbitant Prices	428
Chapter 88	Loan Agreement Stated as Secured Loan by Unregistered Memorandum of Deposit of Title Deed (MoDTD) and Ante-Dated Transactions	432
Chapter 89	Where Loans have been Recognized due to Invocation of Bank Guarantees (BGs), where such BGs did Not Reflect Genuine Business Transactions	437
Chapter 90	Security Interests and Claims Recognized on Basis of Award by Court or Tribunal	442
Chapter 91	Conversion of Unsecured Loan to Secured Loans in Order to Defraud other Secured Creditors Impacting the Waterfall Mechanism under Section 53 of the Insolvency and Bankruptcy Codel	447
Chapter 92	Fictitious Purchases of Goods and Services and Consequent Liabilities and Losses	452
Chapter 93	Transactions Especially with Related Parties Not on an Arms-Length Basis	457
Chapter 94	Significant Aging of Payables Balances	462
Chapter 95	High Value Sole Selling or Purchase Agents and/or Related Partiesl	467
Chapter 96	Creditors Settled Directly by Customers but still Showing as Outstanding both for Receivables and Payables	472
Chapter 97	LCs Issued for Local Trade Related Party Transactions without Underlying Trade Transactions	477
Chapter 98	Significant Reduction in the Stake of Promoter/ Director or Increase in the Encumbered Shares of Promoter/Director	482
Chapter 99	Resignation of the Key Personnel and Frequent Changes in the Management	487
Chapter 100	Increase in Borrowings, Despite Huge Cash and Cash Equivalents in the Borrower’s Balance Sheet	492
Chapter 101	Claims Not Acknowledged as Debt High	497
Chapter 102	Large Number of Transactions with Inter-Connected Companies and large Outstanding from such Companies	502
Chapter 103	Fictitious Bank Receipts in Bank Books	506
Chapter 104	Exorbitant Share Premium from Investor Companies	509
Chapter 105	Share Capital Contributions Not through Bank Channels	511
Chapter 106	Inflated Stock and Book Debts Reporting	513
Chapter 107	Hidden Dangers in Corporate Financial Statements — A Comprehensive Analysis of Red Flags	515
Chapter 108	Corporate Social Responsibility (CSR) Fraud and Forensic Investigation — A Comprehensive Analysis	530

4.) Qualifications & Other Comments in the Auditor’s Report

Discover ‘Qualifications & Other Comments in the Auditor’s Report‘ by CA. KAMAL GARG (ISBN: 978-93-94163-67-6). This 1st edition book offers comprehensive insights into audit report principles, engagement and representation letters, formats of audit reports, and illustrative audit paragraphs for qualification, adverse, disclaimer, key audit matters, and more. With 536 pages and various chapters covering different aspects of the auditor’s report, this book is a valuable resource.

Serial Number	Chapter Title	Page Number
Bharat?		5
Preface to the First Edition		7
Detailed Contents		13
Division 1
Introduction to Audit Report Principles under SAs
Chapter 1	Auditing — Nature and Basic Concepts	1
Chapter 2	Audit Reports – Stipulations under Standards on Auditing	20
Chapter 3	Unique Document Identification Number (UDIN)	57
Division 2
Formats of Engagement and Representation Letters, Reports
Chapter 4	Illustrative Formats on Agreeing the Terms of Audit Engagements	63
Chapter 5	Illustrative Format of Representation Letter	80
Chapter 6	Specimen of Management Representation Letter on Statutory Audit	82
Chapter 7	Illustrative Format on an Engagement Letter for an Agreed upon Procedures Engagement	97
Chapter 8	Illustrative Format on Engagement Letter for a Compilation Engagement	99
Chapter 9	Illustrative Format on Engagement Letter for a Review of Interim Financial Information	101
Chapter 10	Illustrative Format on Engagement Letter for an Engagement to Review Historical Financial Statements	103
Chapter 11	Illustrative Format on Independent Auditor’s Reports on Financial Statements	106
Chapter 12	Illustrative Format on Practitioner’s Report with an Unmodified Opinion	125
Chapter 13	Illustrative Format on Auditor’s Report on Emphasis of Matter Paragraph and Other Matter Paragraphs	127
Chapter 14	Illustrative Formats on Auditor’s Reports with Modifications to the Opinion	131
Chapter 15	Illustrative Formats of Auditor’s Report with Modified Opinion	141
Chapter 16	Illustrative Formats on Auditor’s Report on Corresponding Figures and Comparative Financial Statements	145
Chapter 17	Illustrative Formats on Auditor’s Reports Relating to Going Concern	149
Chapter 18	Illustrative Formats on Auditor’s Report Relating to Other Information	155
Chapter 19	Illustrative Formats on Practitioners’ Compilation Reports	174
Chapter 20	Illustrative Formats on Review Reports on Interim Financial Information	179
Chapter 21	Illustrative Formats on Practitioners’ Review Reports	181
Chapter 22	Illustrative Formats on Special Purpose Financial Statements	191
Chapter 23	Illustrative Formats on Summary Financial Statements	194
Chapter 24	Illustrative Format on a Report of Factual Findings in Connection with Accounts Receivable	199
Chapter 25	Illustrative Formats on a Single Financial Statement and a Specific Element of a Financial Statement	201
Chapter 26	Illustrative Format of an Unmodified Report on a Projection	206
Chapter 27	Illustrative Formats on Service Organization’s Assertions	207
Chapter 28	Illustrative Formats on Modified Service Auditor’s Assurance Reports	210
Chapter 29	Illustrative Formats on Service Auditor’s Assurance Reports	213
Chapter 30	Information Requests and Other Client Admin Letters – Letter of Weakness and Appendix	217
Chapter 31	Confirmation Letter for Struck Off Status to be sent by Company	218
Chapter 32	NOC Communication with predecessor	219
Chapter 33	Eligibility and Independence confirmation to be appointed (or) continue as auditors	220
Division 3
Revised Formats of Audit Reports (including Audit Trail)
Chapter 34	Revised Format of Audit Report for Private Limited Company without IFC, CARO 2020, Cash Flow	223
Chapter 35	Revised Format of Audit Report for Private Limited Company with IFC, CARO 2020, Cash Flow	229
Chapter 36	Revised Format of Audit Report for Private Limited Company without IFC, but with CARO 2020, Cash Flow	234
Chapter 37	Revised Format of Audit Report for Private Limited Company without IFC, CARO 2020 but with Cash Flow	239
Division 4
Illustrative Audit Paras for Qualification, Adverse, Disclaimer, KAM, EOM, OM Matters
Chapter 38	Qualified Opinion – Illustrative Reporting Comments	245
Chapter 39	Material uncertainty related to Going Concern – Illustrative Reporting Comments	311
Chapter 40	Emphasis of Matter Paragraph – Illustrative Reporting Comments	321
Chapter 41	Other Matter Paragraph – Illustrative Reporting Comments	349
Chapter 42	Key Audit Matters – Illustrative Reporting Comments	363
Chapter 43	Disclaimer Opinion – Illustrative Reporting Comments	465
Chapter 44	Adverse Opinion – Illustrative Reporting Comments	471
Chapter 45	Other Information Paragraph — Illustrative Reporting Comments	474
Chapter 46	Internal Controls over Financial Reporting	482
Division 5
Specimen CARO Reporting and Accounting Policies
Chapter 47	CARO, 2020 — Specimen Report	489
Chapter 48	Specimen Significant Accounting Policies	496

5.) Statutory Audit – A Ready Reckoner for Accounting Standards Compliant Companies

Master the nuances of Statutory Audit for Accounting Standards compliant companies with this 6th edition (2025) by  CA Kamal Garg. Covering 1056 pages, this authoritative reckoner simplifies audit procedures, disclosures, and compliance frameworks. ISBN: 978-93-4808-002-8 | Published by Bharat Publishers

Chapter Number	Description
DIVISION I	APPOINTMENT OF AUDITORS
Chapter 1	Appointment and Removal of Auditors
Chapter 2	Management Services and the Auditors
Chapter 3	Code of Ethics
Chapter 4	Unique Document Identification Number (UDIN)
Chapter 5	Audit Trail and Other Matters to be reported by Auditors under the Companies Act, 2013
DIVISION II	AUDIT OF ITEMS OF FINANCIAL STATEMENTS – READY RECKONER
Chapter 6	Books of Accounts and Financial Statements
Chapter 7	Consolidation of Financial Statements
Chapter 8	Audit Checklist for Share Capital
Chapter 9	Audit Checklist for Reserve and Surplus
Chapter 10	Audit Checklist for Borrowings
Chapter 11	Audit Checklist for Trade Receivables
Chapter 12	Audit Checklist for Cash and Cash Equivalents
Chapter 13	Audit Checklist for Inventories
Chapter 14	Audit Checklist for Fixed Assets and Property, Plant and Equipment (PPE)
Chapter 15	Audit Checklist for Intangibles
Chapter 16	Audit Checklists for Trade Payables and Current Liabilities
Chapter 17	Audit Checklists for Loans and Advances and Other Current Assets
Chapter 18	Audit Checklists for Provisions and Contingent Liabilities
Chapter 19	Audit Checklists for Sale of Products and Rendering of Services
Chapter 20	Audit Checklists for Other Income Comprising Interest Income, Dividend Income, Gain/Loss on Sale of Investments etc.
Chapter 21	Audit Checklists for Purchases
Chapter 22	Audit Checklists for Employee Benefits Expenses
Chapter 23	Audit Checklists for Depreciation and Amortisation
Chapter 24	Audit Checklists for Other Expenses like Power and Fuel, Rent, Repair to Building, Plant and Machinery, Insurance, Travelling, Legal and Professional, Miscellaneous Expenses
Chapter 25	Audit Checklists for Taxes on Income and Minimum Alternative Tax (MAT)
Chapter 26	Statutory Auditors’ Responsibilities in Relation to Fraud in a Company
Chapter 27	Materiality in Statutory Audit: Illustrative Case Studies
Chapter 28	How to do Risk Assessment and Audit Sampling
DIVISION III	SCHEDULE III SPECIMEN FORMAT OF FINANCIAL STATEMENTS (AS BASED)
Chapter 29	Specimen Format of Financial Statements under Schedule III for AS compliant companies
Chapter 30	Practice Pointer Issues on Accounting Standards
Chapter 31	Checklists of Accounting Standards
DIVISION IV	SA AND CARO CHECKLIST
Chapter 32	Standards on Auditing (SA) Checklists
Chapter 33	Companies (Auditor’s Report) Order, 2020 — Checklist
DIVISION V	AUDIT PROGRAMME – AUDIT COMPLIANCE PROCEDURE
Chapter 34	Business Client Information Checklist
Chapter 35	KYC New Client
Chapter 36	Illustrative Audit Programmes for Accounting System & Internal Control
Chapter 37	Illustrative list of Questions to Evaluate Entity Level Controls Considering Nature of Business, Size of Operation and Organisational Structure of the Entity
DIVISION VI	FORMATS OF ENGAGEMENT AND REPRESENTATION LETTERS, REPORTS
Chapter 38	Illustrative Formats on Agreeing the Terms of Audit Engagements
Chapter 39	Illustrative Format of Representation Letter
Chapter 40	Specimen of Management Representation Letter on Statutory Audit
Chapter 41	Illustrative Format on an Engagement Letter for an Agreed upon Procedures Engagement
Chapter 42	Illustrative Format on Engagement Letter for a Compilation Engagement
Chapter 43	Illustrative Format on Engagement Letter for a Review of Interim Financial Information
Chapter 44	Illustrative Format on Engagement Letter for an Engagement to Review Historical Financial Statements
Chapter 45	Illustrative Format on Independent Auditor’s Reports on Financial Statements
Chapter 46	Illustrative Format on Practitioner’s Report with an Unmodified Opinion
Chapter 47	Illustrative Format on Auditor’s Report on Emphasis of Matter Paragraph and Other Matter Paragraphs
Chapter 48	Illustrative Formats on Auditor’s Reports with Modifications to the Opinion
Chapter 49	Illustrative Formats of Auditor’s Report with Modified Opinion
Chapter 50	Illustrative Formats on Auditor’s Report on Corresponding Figures and Comparative Financial Statement
Chapter 51	Illustrative Formats on Auditor’s Reports Relating to Going Concern
Chapter 52	Illustrative Formats on Auditor’s Report Relating to Other Information
Chapter 53	Illustrative Formats on Practitioners’ Compilation Reports
Chapter 54	Illustrative Formats on Review Reports on Interim Financial Information
Chapter 55	Illustrative Formats on Practitioners’ Review Reports
Chapter 56	Illustrative Formats on Special Purpose Financial Statements
Chapter 57	Illustrative Formats on Summary Financial Statements
Chapter 58	Illustrative Format on a Report of Factual Findings in Connection with Accounts Receivable
Chapter 59	Illustrative Formats on a Single Financial Statement and a Specific Element of a Financial Statement
Chapter 60	Illustrative Format of an Unmodified Report on a Projection
Chapter 61	Illustrative Formats on Service Organization’s Assertions
Chapter 62	Illustrative Formats on Modified Service Auditor’s Assurance Reports
Chapter 63	Illustrative Formats on Service Auditor’s Assurance Reports
Chapter 64	Information Requests and Other Client Admin Letters – Letter of Weakness and Appendix
Chapter 65	Confirmation Letter for Struck Off Status to be sent by Company
Chapter 66	NOC Communication with predecessor
Chapter 67	Eligibility and Independence confirmation to be appointed (or) continue as auditors
DIVISION VII	REVISED FORMATS OF AUDIT REPORTS (INCLUDING AUDIT TRAIL)
Chapter 68	Revised Format of Audit Report for Private Limited Company without IFC, CARO 2020, Cash Flow
Chapter 69	Revised Format of Audit Report for Private Limited Company with IFC, CARO 2020, Cash Flow
Chapter 70	Revised Format of Audit Report for Private Limited Company without IFC, but with CARO 2020, Cash Flow
Chapter 71	Revised Format of Audit Report for Private Limited Company without IFC, CARO 2020 but with Cash Flow
DIVISION VIII	SPECIMEN AUDIT REPORT FROM PUBLISHED RESULTS
Chapter 72	TCS Annual Report
Chapter 73	Infosys Annual Report
DIVISION IX	ILLUSTRATIVE AUDIT PARAS FOR QUALIFICATION, ADVER DISCLAIMER, KAM, EOM, OM MATTERS
Chapter 74	Qualified Opinion – Illustrative Reporting Comments
Chapter 75	Material uncertainty related to Going Concern – Illustrative Reporting Comments
Chapter 76	Emphasis of Matter Paragraph – Illustrative Reporting Comments
Chapter 77	Other Matter Paragraph – Illustrative Reporting Comments
Chapter 78	Key Audit Matters – Illustrative Reporting Comments
Chapter 79	Disclaimer Opinion – Illustrative Reporting Comments
Chapter 80	Adverse Opinion – Illustrative Reporting Comments
Chapter 81	Other Information Paragraph — Illustrative Reporting Comments
Chapter 82	Internal Controls over Financial Reporting

6.) Companies (Auditor’s Report) Order, 2020 (CARO)

Book ‘Companies (Auditor’s Report) Order, 2020 (Caro)‘ written by CA. Kamal Garg and Published by Bharat Law House.  This 7th edition guide consists of 896 pages and covers various aspects of the Companies (Auditor’s Report) Order, including clause-by-clause commentary on applicability and reporting requirements. It also provides checklists, specimen reporting for significant matters, guidance notes on auditing aspects, standards on quality control and assurance engagements, and standards of auditing. Take advantage of the discount and enjoy free shipping with your purchase. ISBN: 978-81-9727-248-6.

Chapter/Appendix	Title
Chapter 1	Audit Report
Chapter 2	The Companies (Auditor’s Report) Order, 2020 — Clause by Clause Commentary on Applicability and Reporting Requirements
Appendix I	Companies (Cost Records and Audit) Rules, 2014
Appendix II	Companies (Audit and Auditors) Rules, 2014
Chapter 3	Companies (Auditor’s Report) Order, 2016 — Checklist
Appendix 1	Schedule III
Appendix 2	Schedule III (2021 Amendments)
Chapter 4	Guidance Notes on Auditing Aspects
Chapter 5	Standards on Quality Control and Assurance Engagements
Chapter 6	Standards of Auditing
Chapter 7	Standards of Auditing

7.) Audit Trail – A Practical Guide with case studies & Sample Reporting by Auditors

Discover the comprehensive guide “Audit Trail – A Practical Guide with case studies & Sample Reporting by Auditors ” featuring Preface, Introduction, and 272 pages of essential content including chapters on differences in financial years, audit trail assessment, accounting software, internal controls, risk assessment, and prominent case studies. Authored by leading experts, this discounted edition offers invaluable insights into managing and assessing audit trails effectively. ISBN: 978-81-9705-602-4, Edition: 2nd edn., 2024, Author: CA. Kamal Garg, Publisher: Bharat Publishers.

Chapter	Contents	Pages
	Preface	5
1	Introduction	1
2	Difference in financial years for accounting (FY 2023-24) and auditing (FY 2022-23) – A conundrum	15
3	Audit trail for books of accounts or accounting software	21
4	Whether appropriateness of audit trail needs to be assessed retrospectively	25
5	Accounting Software – one for books of accounts and another for financial statements	29
6	Consolidated financial statements	32
7	Using the accounting software which is supported by service providers	35
8	Internal controls and audit approach for assessing the appropriateness of audit trail	40
9	Retention of audit trail	52
10	Audit trail operated throughout the year for all transactions recorded in the software	55
11	Management’s Responsibility and Directors’ Report	61
12	Written Representations	63
13	Risk assessment in IT environment	66
14	Standards on Auditing (SA) Checklists	69
15	Companies (Auditor’s Report) Order, 2020 — Checklist	171
16	Prominent Case Studies on Audit Trail	231
Appendix 1	Extracts of relevant sections and rules	247

8.) Handbook on PEER REVIEW of Practice Units

Discover the comprehensive “Handbook on Peer Review of Practice Units” authored by CA. Kamal Garg. This 1st edition book spans 264 pages, ISBN 978-81-972724-3-1 and is published by Bharat Law House. It delves into the applicability and phases of peer review, qualifications for peer reviewers, the peer review process, model forms and reports, and the code of ethics. Perfect for professionals and students alike, this handbook navigates the complexities of peer review with clarity and depth.

Sr No.	Description	Page Number
	Bharat?	5
	Preface	9
	Contents at a glance	13
	Chapter 1: Introduction	1
	Chapter 2: Applicability of Peer Review and its Mandate Roll Out in Phases
1	Submission of periodic limited review and audit reports by listed entities	3
2	Eligibility requirements for an initial public offer on SME Exchange	4
3	Rotation of audit partners	5
3.1	Peer review applicability of sole practitioner/proprietorship	5
4	Peer Review Mandate – Roll Out Phases for various Practice Units	5
4.1	Deferment of second phase of Peer Review Mandate	7
4.2	Peer Review applicability coincides with classes of companies and bodies corporate governed by NFRA	8
4.3	Certificates issued by Peer Review Board to Practice Units without end date	9
	Chapter 3: How to become Peer Reviewer
1	Peer Reviewer needs to be member in practice	11
2	Ineligibility	12
3	Professional association with the Practice Unit	12
3.1	Cooling off period before and after appointment as peer reviewer	12
3.2	Independence and conflict of interest	12
3.3	Confidentiality	12
4	Training and Test for Peer Reviewers	13
4.1	Empanelment remains in force for three years	13
5	Appointment of Peer Reviewer and his obligations	13
5.1	Can any assistant be appointed for conducting peer review	14
5.2	Obligations	14
	Chapter 4: Peer Review Process
1	Objective	16
1.1	Technical, Professional and Ethical Standards	16
1.2	Technical Guides, Practice Manuals, Studies and Other Papers Published by AASB have no authority of the Council attached to them	17
2	Coverage of Peer Review	17
2.1	Elements to be covered in peer review to include Standards, Reporting Quality, AQMM, ICAI Guidelines and Directions, Training programmes, Articleship engagements, etc.: Guideline 4(4) provides that the Peer Reviewer shall cover:	17
2.2	Practice Unit having branch office(s)	18
2.3	Sample checking by peer reviewer and criteria thereof	18
2.4	Whether assurance engagements which have been subjected to any Regulatory Review should be selected in sampling	19
2.5	Minimum sample size and consequent validity of Peer Review Certificate	19
2.6	Suggested Format for List of Samples Selected to be submitted to the Board	20
3	Assurance Engagements to be covered by the Peer Reviewer during the peer review process	21
4	Procedure for Initiating Peer Review	23
5	Peer Review Procedure to be followed by the Peer Reviewer	23
6	Compliance Review	24
7	Reviewer to adopt a combination of Compliance Approach and Substantive Approach	24
8	Procedure for Peer Review of a New unit	24
9	Reporting by the Peer Reviewer	25
10	Fees for Peer Review	26
11	Issuance of Peer Review Certificate	28
12	Validity of Peer Review Certificate	29
13	Duplicate/Amendment of Peer Review Certificate	29
14	Disciplinary Action against PU	30
15	Check List for submitting documents to PRB	30
16	Various action points	33
16.1	Form 9 – Peer Review Report	33
16.2	Applicability of Annexure III	33
16.3	Submission of DoC in Form 2 to the Practice Unit	33
16.4	Accompaniments with Peer Review Report	33
17	Illustrative Time Schedule	34
18	Functions of the Peer Review Board Secretary and Secretariat	37
19	What Peer Review Board can do on considering the report of the Peer Reviewer	38
19.1	Revocation of peer review certificate	39
	Chapter 5: Model Forms and Reports with illustrative submissions
1	Notice by Peer Reviewer for visiting office of the Practice Unit	40
2	Format for seeking additional information	41
3	Preliminary Report	42
4	Peer Review Report – Form 9	44
5	Form 1 – Application cum Questionnaire	83
	Chapter 6: Illustrative Format of Quality Control Manual
1	Quality Control Manual	138
1.1	Preface	138
1.2	About this Manual	138
1.3	Important notices	138
2	Abbreviations used in the IQCM	139
2.1	Abbreviations for key roles	139
3	General Policy Statement	140
4	Mission Statement	140
5	Roles and Responsibilities of Partners and Staff	140
6	Leadership Responsibilities for Quality within the Firm	141
7	Relevant Ethical Requirements	145
8	Acceptance and Continuance of Client Relationships and Specific Engagements	152
9	Engagement Performance	165
10	Monitoring	175
	Chapter 7: Code of Ethics
1	Code of Ethics	185
2	The Chartered Accountants Act, 1949	186
3	Functions of Council (Section 15)	186
4	Committees of the Council (Section 17)	187
4.1	Functions of Executive Committee (Regulation 175 of the Chartered Accountants (Amendment) Regulations, 2008, w.e.f. 25-09-2008)	188
4.2	Functions of Finance Committee (Regulation 176A of the Chartered Accountants (Amendment) Regulations, 2008, w.e.f. 25-09-2008)	188
5	Membership of ICAI	189
6	Removal from the Register (Section 20)	190
6.1	Cancellation of Certificate of Practice (The Chartered Accountants (Amendment) Regulations, 2008, w.e.f. 25-09-2008)	190
7	Other Services [Section 2(2)(iv)]	190
8	Corporate Form of Practice	193
9	Director of a Company	193
10	Disabilities [Section 8]	194
11	Certificate of Practice [Section 6]	195
12	Members acting as Direct Selling Agents	196
13	Maintenance of Branch Offices [Section 27]	196
14	Professional Misconduct and Other Misconduct	197
15	Penalty for falsely claiming to be a member, etc	198
16	Clarifications of ICAI as published in the publication “Code of Ethics Plus” and its Website	199
16.1	Recent Decisions of Ethical Standards Board [ESB]	202
17	New Disciplinary Mechanism	206
18	Disciplinary Directorate (Section 21)	207
19	Board of Discipline (Section 21A)	207
20	Disciplinary Committee (Section 21B)	208
21	Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court (Section 21C)	208
22	Constitution of Appellate Authority (Section 22A)	209
23	Term of office of Chairperson and members of Authority (Section 22B)	209
24	Appeal to Authority (Section 22G)	209
25	Quality Review Board (Section 28A to 28D of Chapter VIIA)	210
26	Schedules to the Chartered Accountants Act, 1949	211
	FIRST SCHEDULE	212
	SECOND SCHEDULE	228

Additional information

Publisher	Bharat