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Item Details | Price |
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Internal Controls
4.7 Rating (2,713 Learners)
No Prior Audit Experience Required
Real World Case-Studies
Practice Test
Multi-Device Access
Total Duration
Career Certification
Learners & Alumni
1-on-1 Sessions
Hours of Learning
Candidates Placed
Our Statutory Audit MasterClass provides comprehensive training through
lectures, practical tools, expert guidance, assessments, and interview preparation for success in statutory audits.
100% skill-based learning with industry best practices.
Hands-on teaching with case studies and real-world assignments.
Comprehensive training in audit concepts and techniques.
Emphasis on practical learning with hands-on capstone projects.
Real-world case studies to simulate auditing challenges.
Gain audit skills and build confidence for success in statutory audit.
Flexible global online learning via Zoom sessions.
Interactive MCQ assessments after each lecture.
Live classes, doubt sessions, city meetups, and an interactive community.
Gain interview confidence with expert guidance.
Real-world case studies that enhance your CV with certification.
Stay informed about job opportunities across industries.
100% skill-based learning with industry best practices.
Hands-on teaching with case studies and real-world assignments.
Comprehensive training in audit concepts and techniques.
Emphasis on practical learning with hands-on capstone projects.
Real-world case studies to simulate auditing challenges.
Gain audit skills and build confidence for success in statutory audit.
100% skill-based learning with industry best practices.
Hands-on teaching with case studies and real-world assignments.
Comprehensive training in audit concepts and techniques.
Emphasis on practical learning with hands-on capstone projects.
Real-world case studies to simulate auditing challenges.
Gain audit skills and build confidence for success in statutory audit.
Worth βΉ1800
Worth βΉ 2200
Worth βΉ1400
Worth βΉ1600
Worth βΉ1800
Worth βΉ1200
Opportunities Across |
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Finance |
Financial Due Diligence (FDD) |
Financial Planning & Analysis (FP&A) |
CFO Advisory |
Corporate Finance |
Business Valuations |
Data Analysis and Business Intelligence |
Target Recruiters |
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Deloitte |
PwC |
EY |
KPMG |
BDO |
Grant Thornton |
RSM International |
Mazars Group |
BakerTilly |
Dhruva Advisors |
Unicus Advisors |
Basics of Statutory Audit and Regulatory Authorities, Client Acceptance and Engagement Processes.
In-depth financial Statement Analysis, Determining Materiality in Audit.
Understanding IFC Testing, Procure-to-Pay, and Order-to-Cash Processes.
Mastering Inventory, Payroll, and Legal Expenses Auditing.
Audit of Electricity, Rent, Advertisement Expenses, Ledger Testing and Analysis.
Auditing Revenue, Accounts Receivable, Purchases, Exploring Ratio Analysis and Financial Insights.
CARO Clauses, Management Representation Letters, Understanding Audit Reports and Opinions
Ready To Take 101 Questions for a Statutory Audit Interview with Expert Answers, Special Mock Interview Session with an Audit Industry Professional
Stat Audit Capstone projects provide hands-on experience and profound insights to help you thrive in the statutory audit field.
- Learn eligibility requirements and engagement letter drafting.
- Master benchmark setting, materiality determination, and performance evaluation, and Trivial Error Identification.
- Gain hands-on experience in ledger review and misstatement identification.
- Learning to spot and rectify misstatements during audits.
- Identifying and documenting material misstatements.
- Compiling comprehensive misstatement summaries for accurate reporting.
- Mastering communication with stakeholders, including Top Management.
- Creating crucial documents like the Management Representation Letter (MRL) and Independent Audit Report, which includes CARO and ICFR.
- Delving deep into understanding assertions and their role in auditing.
- Applying assertion principles to practical scenarios, reinforcing your grasp on this critical concept.
- Familiarize yourself with the specific duties and expectations related to the audit role you're applying for.
- Optimize your resume by incorporating industry-specific keywords to demonstrate your expertise and suitability for the position.
Yes! You will be certified upon completing the Statutory Audit Masterclass.
π Display proudly on your LinkedIn profile to showcase your expertise.
π Include in your resume or CV to stand out to potential employers.
π Share across your social media platforms to highlight your professional achievements.
π Utilize during your performance reviews as a testament to your commitment to excellence.
Assistant Manager at Deloitte Haskins & Sells LLP | Chartered Accountant (Nov22)
I am happy to share that in this learning phase of my life to become a better professional and to enhance my technical skills, I have achieved 1st rank in the Statutory Audit Masterclass Live Test conducted by CA Monk. I would like to thank CA Shivam Palan sir and the CA Monk team for conducting such insightful sessions and classes.
Chartered Accountant (May 2023) | B.Com | Narayana Health
Hello connections, Excited to announce that I've recently accomplished the Statutory Audit Masterclass program by CA Monk, aimed at elevating my expertise in the statutory audit domain. The course, spanning over 20+ hours, was an incredible experience where every aspect of the statutory audit process was meticulously covered with practical applications.
CA Shivam Palan
Audit Manager at Khandelwal Jain & Co. || Chartered Accountant || B.com
πJust completed the fantastic Statutory audit masterclass by CA Shivam Palan Sir!
Throughout the course, I gained valuable insights from the Statutory Audit Masterclass are:π
β
Understanding the meaning, purpose & advantage of statutory audit.
πͺThe steps to perform the statutory audit from start to end in very detailed manner.
π Calculation of materiality, control testing & IFC and walkthrough process.
β
Understanding process like P2P, O2C, R2R, H2R and PPE.
π Audit of profit and loss & balance sheet items in detail with practice exposure.
π Mapping of assertion for profit & loss and balance sheet items.
β
CARO 2020, Schedule III and many other crucial aspects of statutory audit.
Once again, I extend my heartfelt appreciation to CA Shivam Palan and the CA Monk team for this incredible and valuable learning experience.
Thanks to their efforts.π
I feel well-equipped to excel in the field of statutory audit.π―
Chartered Accountant || B Com
I have completed the statutory audit masterclass. It includes amazing sessions which would help you to understand the audit practices and procedures followed by while doing statutory audits. The master class was very interesting as it was more practical oriented.
Why I liked about the CA Monk Statutory Audit Master Class ?
π
Every class covers advanced excel functions using practical worksheets.
π
Data used in the class is just similar to a real world company.
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Short and concise lectures focusing on one FSLI at a time.
π
Exposure of practical documents and letters used in real world.
π
Short quizzes at the end to build your confidence about the topics.
π
Helps to make your resume better and more attractive.
Thank You CA Shivam Palan Sir or making this fantastic course. For every student who has limited articleship experience but who wants to learn about and has interest in statutory audit domain, this course is highly recommended. It will definitely provide some value to you.
I'm CA Shivam Palan, your dedicated guide on this educational journey. Along with the prestigious Chartered Accountant title, setting the stage for my lifelong passion: teaching. With a diverse career spanning mid-tier firms, Big 4 giants, and innovative startups across cities, Shivam's passion for teaching has empowered over 60,000 CA students, with 20,000+ achieving successful careers. My mission: to revolutionize India's finance industry.
In the Statutory Audit Masterclass by CA Monk, I'll help you navigate a comprehensive syllabus covering pre-planning, materiality, internal controls, substantive testing, auditing specific expenses, revenue, borrowing, audit reports, and more.
Join me to unlock boundless opportunities in the dynamic world of statutory audit and create your success story. Welcome to a brighter future.
Proficiency in statutory audit principles and methodologies.
The ability to apply audit concepts to real-world scenarios.
Skills in evaluating and prioritizing audit risks effectively.
Understanding of materiality and its impact on financial statements.
Ability to assess and test internal controls for financial integrity.
Knowledge of various audit sampling methods and their applications.
Proficiency in conducting substantive testing procedures.
Expertise in auditing critical accounts like inventory, property, and cash.
Crafting comprehensive audit reports that effectively communicate findings.
And much, much more!
This makes everything you get well over βΉ20,000 in value! And you can get it all for just-
This masterclass is designed for CA Finalists, CA Inter Articles, Freshly Qualified CAs with under 2 years of experience, BCom Graduates, and Finance Professionals who want to gain a deep understanding of statutory audit.
Our masterclass offers comprehensive coverage of statutory audit, practical insights from industry experts, and an interactive learning experience that goes beyond theory.
Yes, absolutely! Our course is structured to accommodate learners with various levels of audit knowledge, including those with no prior audit experience.
For Qualified CA Professionals seeking a transition into the audit domain, this masterclass provides a solid foundation and advanced audit techniques necessary to excel in statutory audit roles.
You'll have access to practice problems, downloadable materials, step-by-step instructional videos, and valuable industry insights from our expert mentor.
Yes, you'll have opportunities to interact with the instructor during the course. We encourage questions and discussions to enhance your learning experience.
The course duration varies depending on your pace of learning, but most participants complete it within a reasonable timeframe.
Yes, you will receive a certificate of completion that recognizes your achievement in mastering statutory audit.
Yes, we offer ongoing support, and you'll be part of a WhatsApp community of learners where you can network, seek advice, and share experiences.
As you are already on the course page itself, you can find the enrolment button on this page itself and follow the registration process. The cost details are also available here on this course page.