Statutory Audit – A Ready Reckoner for Accounting Standards Compliant Companies


(Flat 27% Discount for a limited period + Free Shipping )

Author : CA. Kamal Garg

EDN.: 4th edn., 2023

ISBN: 978-81-963631-1-6

Pages: 1040

SKU: TG-BPG-SA-ARR Categories: , , ,


Get a flat 27% discount for a limited period on the book ‘Statutory Audit – A Ready Reckoner for Accounting Standards Compliant Companies‘ written by CA. Kamal Garg. This comprehensive guide, in its 4th edition, contains 1,040 pages and covers a wide range of topics related to statutory audit. It includes detailed chapters on appointment and removal of auditors, management services, code of ethics, audit checklists for various financial statement items, specimen formats of financial statements, SA and CARO checklists, audit compliance procedures, formats of engagement and representation letters, revised formats of audit reports, specimen audit reports from published results, and illustrative audit paragraphs for qualification, adverse, disclaimer, key audit matters, and more. Take advantage of the discount and enjoy free shipping with your purchase. ISBN: 978-81-963631-1-6.

DivisionChapterContentPage No.
Division IChapter 1Appointment and Removal of Auditors1
Division IChapter 2Management Services and the Auditors15
Division IChapter 3Code of Ethics25
Division IChapter 4Unique Document Identification Number (UDIN)88
Division IChapter 5Audit Trail and Other Matters to be reported by Auditors under the Companies Act, 201394
Division IIChapter 6Books of Accounts and Financial Statements103
Division IIChapter 7Consolidation of Financial Statements112
Division IIChapter 8Audit Checklist for Share Capital122
Division IIChapter 9Audit Checklist for Reserve and Surplus128
Division IIChapter 10Audit Checklist for Borrowings131
Division IIChapter 11Audit Checklist for Trade Receivables137
Division IIChapter 12Audit Checklist for Cash and Cash Equivalents144
Division IIChapter 13Audit Checklist for Inventories149
Division IIChapter 14Audit Checklist for Fixed Assets and Property, Plant and Equipment (PPE)154
Division IIChapter 15Audit Checklist for Intangibles164
Division IIChapter 16Audit Checklists for Trade Payables and Current Liabilities172
Division IIChapter 17Audit Checklists for Loans and Advances and Other Current Assets179
Division IIChapter 18Audit Checklists for Provisions and Contingent Liabilities183
Division IIChapter 19Audit Checklists for Sale of Products and Rendering of Services187
Division IIChapter 20Audit Checklists for Other Income Comprising Interest Income, Dividend Income, Gain/Loss on Sale of Investments etc.190
Division IIChapter 21Audit Checklists for Purchases192
Division IIChapter 22Audit Checklists for Employee Benefits Expenses195
Division IIChapter 23Audit Checklists for Depreciation and Amortisation197
Division IIChapter 24Audit Checklists for Other Expenses like Power and Fuel, Rent, Repair to Building, Plant and Machinery, Insurance, Travelling, Legal and Professional, Miscellaneous Expenses199
Division IIChapter 25Audit Checklists for Taxes on Income and Minimum Alternative Tax (MAT)201
Division IIIChapter 26Specimen Format of Financial Statements under Schedule III for AS compliant companies205
Division IIIChapter 27Practice Pointer Issues on Accounting Standards251
Division IIIChapter 28Checklists of Accounting Standards283
Division IVChapter 29Standards on Auditing (SA) Checklists371
Division IVChapter 30Companies (Auditor’s Report) Order, 2020 — Checklist437
Division VChapter 31Business Client Information Checklist479
Division VChapter 32KYC New Client483
Division VChapter 33Illustrative Audit Programmes for Accounting System & Internal Control486
Division VChapter 34Illustrative list of Questions to Evaluate Entity Level Controls Considering Nature of Business, Size of Operation and Organisational Structure of the Entity551
Division VIChapter 35Illustrative Formats on Agreeing the Terms of Audit Engagements563
Division VIChapter 36Illustrative Format of Representation Letter580
Division VIChapter 37Specimen of Management Representation Letter on Statutory Audit582
Division VIChapter 38Illustrative Format on an Engagement Letter for an Agreed upon Procedures Engagement597
Division VIChapter 39Illustrative Format on Engagement Letter for a Compilation Engagement599
Division VIChapter 40Illustrative Format on Engagement Letter for a Review of Interim Financial Information601
Division VIChapter 41Illustrative Format on Engagement Letter for an Engagement to Review Historical Financial Statements603
Division VIChapter 42Illustrative Format on Independent Auditor’s Reports on Financial Statements606
Division VIChapter 43Illustrative Format on Practitioner’s Report with an Unmodified Opinion625
Division VIChapter 44Illustrative Format on Auditor’s Report on Emphasis of Matter Paragraph and Other Matter Paragraphs627
Division VIChapter 45Illustrative Formats on Auditor’s Reports with Modifications to the Opinion631
Division VIChapter 46Illustrative Formats of Auditor’s Report with Modified Opinion641
Division VIChapter 47Illustrative Formats on Auditor’s Report on Corresponding Figures and Comparative Financial Statements645
Division VIChapter 48Illustrative Formats on Auditor’s Reports Relating to Going Concern649
Division VIChapter 49Illustrative Formats on Auditor’s Report Relating to Other Information655
Division VIChapter 50Illustrative Formats on Practitioners’ Compilation Reports674
Division VIChapter 51Illustrative Formats on Review Reports on Interim Financial Information679
Division VIChapter 52Illustrative Formats on Practitioners’ Review Reports681
Division VIChapter 53Illustrative Formats on Special Purpose Financial Statements691
Division VIChapter 54Illustrative Formats on Summary Financial Statements694
Division VIChapter 55Illustrative Format on a Report of Factual Findings in Connection with Accounts Receivable699
Division VIChapter 56Illustrative Formats on a Single Financial Statement and a Specific Element of a Financial Statement701
Division VIChapter 57Illustrative Format of an Unmodified Report on a Projection706
Division VIChapter 58Illustrative Formats on Service Organization’s Assertions707
Division VIChapter 59Illustrative Formats on Modified Service Auditor’s Assurance Reports710
Division VIChapter 60Illustrative Formats on Service Auditor’s Assurance Reports713
Division VIChapter 61Information Requests and Other Client Admin Letters – Letter of Weakness and Appendix717
Division VIChapter 62Confirmation Letter for Struck Off Status to be sent by Company718
Division VIChapter 63NOC Communication with predecessor719
Division VIChapter 64Eligibility and Independence confirmation to be appointed (or) continue as auditors720
Division VIIChapter 65Revised Format of Audit Report for Private Limited Company without IFC, CARO 2020, Cash Flow723
Division VIIChapter 66Revised Format of Audit Report for Private Limited Company with IFC, CARO 2020, Cash Flow729
Division VIIChapter 67Revised Format of Audit Report for Private Limited Company without IFC, but with CARO 2020, Cash Flow734
Division VIIChapter 68Revised Format of Audit Report for Private Limited Company without IFC, CARO 2020 but with Cash Flow739
Division VIIIChapter 69TCS Annual Report745
Division VIIIChapter 70Infosys Annual Report759
Division IXChapter 71Qualified Opinion – Illustrative Reporting Comments775
Division IXChapter 72Material uncertainty related to Going Concern – Illustrative Reporting Comments830
Division IXChapter 73Emphasis of Matter Paragraph – Illustrative Reporting Comments840
Division IXChapter 74Other Matter Paragraph – Illustrative Reporting Comments868
Division IXChapter 75Key Audit Matters – Illustrative Reporting Comments882
Division IXChapter 76Disclaimer Opinion – Illustrative Reporting Comments885
Division IXChapter 77Adverse Opinion – Illustrative Reporting Comments991
Division IXChapter 78Other Information Paragraph — Illustrative Reporting Comments994
Division IXChapter 79Internal Controls over Financial Reporting1002

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