Audit Chapter 8

Audit Trail: Concept and Requirement

Auditor's Report Prescribed by Law or Regulation – SA 700 and Special Law Interaction

Branch Audit – Section 128 of the Companies Act 2013

CARO 2020 – Cash Losses (Clause xvii)

CARO 2020 – Clause (i): Fixed Assets (PPE & Intangible Assets)

CARO 2020 – Clause (ii): Inventory

CARO 2020 – Clause (ix): Borrowings and Defaults

CARO 2020 – Clause (v): Deposits

CARO 2020 – Clause (vi): Cost Records

CARO 2020 – Clause (vii): Statutory Dues

CARO 2020 – Clause (viii): Unrecorded Income

CARO 2020 – Clause (x): Issue of Securities (IPO/FPO & Private Placement)

CARO 2020 – Clause (xi): Fraud Reporting

CARO 2020 – Clauses (iii) & (iv): Loans, Investments, Guarantees & Security

CARO 2020 – Clauses (xii) to (xvi): Nidhi, Related Parties, Internal Audit, Non-Cash Transactions & NBFC

CARO 2020 – Core Investment Companies (Clause xvi(b))

CARO 2020 – Corporate Social Responsibility (Clause xx)

CARO 2020 – Going Concern (Clause xix)

CARO 2020 – Group Companies & Applicability to Consolidated FS (Clause xxi)

CARO 2020 – Resignation of Statutory Auditor (Clause xviii)

CARO 2020: Applicability and Exemptions

CAS 4: Comparative Financial Statements and Predecessor Auditor

Emphasis of Matter (EOM) Paragraph – SA 706

Financial Reporting Frameworks – General Purpose vs Special Purpose

Internal Financial Controls (IFC): Applicability and Auditor's Opinion

Joint Audit – Planning, Reporting and Areas of Responsibility

Joint Audit – SA 299

Key Audit Matters (KAM) – SA 701

Other Matter (OM) Paragraph – SA 706

Rule 11: Additional Matters in Audit Report

SA 600 – Using the Work of Another Auditor

SA 701 – Communicating Key Audit Matters in the Independent Auditor's Report

SA 705 – Modifications to the Opinion in the Independent Auditor's Report

SA 710 – Comparative Information: Corresponding Figures and Comparative Financial Statements

Section 143(1): Mandatory Auditor Inquiries

Section 143(3): Mandatory Contents of Audit Report