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Introduction
Welcome To Becoming an Audit Expert
Join the WhatsApp Group: Statutory Audit Master Class - CA Monk
Statutory Audit Master Class Reading Material - CA Shivam Palan | CA Monk (Download it & Take Print Out)
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Course Outline: Statutory Audit Master Class - CA Monk
*Lecture 1: Pre Planning of Audit*
Outline: Lecture 1 - Statutory Audit Master Class - CA Monk
Video Lecture (L1): Preplanning of Audit
L1: Pre-Planning of Audit
Reading Material: Lecture No. 1 (L1)
L1: Working File Zip - Pre Planning of Audit
Company Act Notes: Why Audit and Requirement of Audit?
Engagement Acceptance Independence (View Only)
Confirmation for Previous Auditor CA Monk (View Only)
Engagement Letter (View Only)
Client Acceptance Form (View Only)
Assessment Test: Lecture No. 1 (L1)
L1: Test - Pre Planning of Audit
*Lecture 2: Desktop Review and Materiality*
Outline: Lecture 2 - Statutory Audit Master Class - CA Monk
Video Lecture (L2): Desktop Review (2A) and Materiality (2B)
L2A: Desktop Review
L2B: Materiality
Reading Material: Lecture No. 2 (L2)
How to Find Materiality in the Audit of Financial Statements
Reading Material on Materiality
L2: Working File Zip - Desktop Review and Materiality
Assessment Test: Lecture No. 2 (L2)
L2: Test - Desktop Review and Materiality
*Lecture 3: IFC, P2P, R2R, H2R, Fixed Asset, Cash & Bank*
Outline: Lecture 3 - Statutory Audit Master Class - CA Monk
Video Lecture (L3): IFC& P2P (3A) and R2R, H2R, Fixed Asset, Cash & Bank (3B)
L3A: IFC & P2P
L3B: R2R, H2R, Fixed Asset, Cash & Bank
Reading Material: Lecture No. 3 (L3)
ICAI Guidance Note on Control Testing
L3: Working File Zip - Control Testing for P2P & O2C
Test Your Self Answers (View Only)
Assessment Test: Lecture No. 3 (L3)
L3: Test - IFC, P2P, R2R, H2R, Fixed Asset, Cash & Bank
*Lecture 4: Substantive Testing, Inventory, Payroll, Legal Expenses*
Outline: Lecture 4 - Statutory Audit Master Class - CA Monk
Video Lecture (L4A): Substantive Testing
L4A: Understanding Substantive Testing
Video Lecture (L4B): Inventory Audit
L4B: (i) How to Audit Inventory
L4B: (ii) Inventory Aging
L4B : Working File Zip - Inventory Audit
Video Lecture (L4C): Payroll Audit
L4C1: Payroll Expense Audit
L4C1: Working File Zip - Payroll Audit
L4C2: How to Identify Fake Employee?
L4C2: Base file_Salary Details & Register Case Study CA Monk (ZIP)
L4C2: How to identify Fake employees (View Only)
L4C2: Solved Files_Salary Details & Register Case Study CA Monk
Video Lecture (L4D) : Legal Expenses
L4D : Legal & Professional Expenses Audit
Legal Confirmation Format for Sending CA Monk (View Only)
Reply of Legal Confirmation CA Monk (View Only)
L4D : Working File Zip - Legal Expenses
Assessment Test: Lecture No. 4 (L4)
L4 : Test - Substantive Testing, Inventory, Payroll, Legal Expenses
*Lecture 5: Electricity Expenses, Rent Expenses, Advertisement Expenses, Cash & Bank, GL Testing*
Outline: Lecture 5 - Statutory Audit Master Class - CA Monk
Video Lecture (L5A) - Electricity Expenses
L5A : Electricity Expenses Audit
L5A : Working File Zip - Electricity Expenses
Electricity Exp Bill for March CA Monk (View Only)
Video Lecture (L5B) - Rent Expenses
L5B : Rent Expenses With Understanding of Ind AS 116
L5B: Working File Zip - Rent Expenses
Video Lecture (L5C) - Advertisement Expenses
L5C : Advertisement Expenses Audit
L5C : Working File Zip - Advertising Expenses
Video Lecture (L5D) - Cash & Bank
L5D : Audit of Cash & Bank
Balance Confirmation CA Monk (View Only)
Balance Confirmation from ICICI Bank (View Only)
Balance Confirmation from Kotak Bank (View Only)
Cash Certificate March 22 (View Only)
L5D: Working File Zip - Cash & Bank
Video Lecture (L5E) - GL Testing
L5E : GL Testing
L5E : Working File Zip - GL Testing
Assessment Test: Lecture No. 5 (L5)
L5 : Test - Electricity Expenses, Rent Expenses, Advertisement Expenses, Cash & Bank, GL Testing
*Lecture 6: Revenue, Accounts Receivable, Purchases, COGS, Accounts Payable, Fixed Assets*
Outline: Lecture 6 - Statutory Audit Master Class - CA Monk
Video Lecture (L6A) - Revenue (Sales) & Accounts Receivable (Debtors)
L6A : Audit of Revenue & Debtors & Ind AS 115
L6A : Working File Zip - Revenue
Balance Confirmation Debtors (View Only)
L6A : Working File Zip - Trade Receivables
Video Lecture (L6B) - Purchases, COGS & Accounts Payable (Creditors)
L6B : Audit of Trade Payables and Purchases
Balance confirmation for Trade Payables (View Only)
L6B : Working File Zip - Trade Payables
Video Lecture (L6C) - Property Plant & Equipment (PPE)/Fixed Assets
L6C : Audit of Fixed Asset & Depreciation
Useful Life of Asset as per Schedule II_CA Monk
Physical verification report (View Only) ||CA Monk
L6C : Working File Zip- Fixed Asset
Assessment Test: Lecture No. 6 (L6)
L6 : Test - Revenue, Accounts Receivable, Purchases, COGS, Accounts Payable, Fixed Assets
*Lecture 7: Borrowing, Interest Expense, Share Capital, Pre Paid Expenses, Ratio Analysis*
Outline: Lecture 7 - Statutory Audit Master Class - CA Monk
Video Lecture (L7A) - Borrowing & Interest Expense
L7A : Borrowing and Interest Expenses
L7A : Working File Zip - Borrowing
Video Lecture (L7B) - Share Capital
L7B : Audit of Share capital
Form no. SH-7 CA Monk
Pas.3 CA Monk
L7B : Working File - Share Cap and other equity audit procedure
Video Lecture (L7C) - Pre Paid Expenses
L7C : Pre Paid Expenses
L7C : Working File Zip - Pre Paid Expenses
Video Lecture (L7D) - Ratio Analysis
L7D : Ratio Analysis with Financial Modelling class + Reading of FS Statement
Ratio Analysis reading Material_ CA Monk
L7D : Working File - ABC Co. IND AS Financials, FS for Ratio (CA Monk)
Assessment Test: Lecture No. 7 (L7)
L7 : Test - Borrowing, Interest Expense, Share Capital, Pre Paid Expenses, Ratio Analysis
*Lecture 8: Audit Report, CARO Clause, Management Representation Letter, Qualified & Unqualified Report*
Outline: Lecture 8 - Statutory Audit Master Class - CA Monk
L8A : CARO Clause & Assertion Mapping
CARO Clauses Marking Done CA Monk
CARO 2016 vs 2020
Video Lecture (L8C) - Management Representation Letter
L8B : Management Representation Letter
Management Representation Letter CA Monk (View Only)
Video Lecture (L8D) - Qualified & Unqualified Report
L8C : Conclusion of Audit
Audit Issue Documents with Solutions you can offer (View Only)
HCC_21-22_Qualified_Pg73,74-Investment, Conf not rec,KAM-going concern
Greenlam Ind 21-22_Unqualified, EOM -Covid, KAM
Adani power 21-22, Qualified, Page no 195-Investment, KAM
Going Concern issue FS Go India
NCLT Order For Liquidation (Go India)
Closing Checklist
Financial reporting checklist
Ind AS Discosure checklist (ICAI)
Video Lecture (L8E) - Resume Key Points & How to Show this master Class In Resume
L8D : Resume Building & Important Key words
Assessment Test: Lecture No. 8 (L8)
L8 : Test - Audit Report, CARO Clause, Management Representation Letter, Qualified & Unqualified Report
Session from Industry Expert & Mock Interviews
Statutory Audit Session with Industry Expert
Statutory Audit Mentor Session with Ex Partner KPMG
Mock Interview
Mock Interview Practice for Statutory Audit _ Planning & Pre-Planning
Mock Interview Practice for Statutory Audit (Part-2) _ Big 4 Interview Prep for Statutory Audit
Interview Questions
Statutory Audit Interview Questions
IQ1: Red Flags for P&L Items
Red Flag for Profit & Loss Account
Red Flags for Profit & Loss Account || CA Monk {V.IMP}
IQ2: Red Flag for BS
Red Flag for Balance Sheet
Red Flags for Balance Sheet Item || CA Monk {V.IMP}
IQ3: Key Audit Matter
Key Audit Matter
Key Audit Matter Reading Material (IMP)
IQ4: Debtors Confirmation
Debtors Confirmation Interview Question
Debtors Confirmation
IQ5: Favourite AS/Ind AS
Favourite AS or Ind AS Question
AS Based Interview Questions || CA Monk
IQ6: Legal Expenses
How to Audit Legal expenses mapping with Assertions
How to Audit legal expenses
IQ7: Going Concern
Going Concern Issues related to Balance Sheet
Going Concern Issue
