Chartered Accountant's - Documentation and Compliance for Audits and Reviews

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Highlights
* More than 120 drafts of ready to use documents for day-to-day professional use for
    audit and related systems.
* Draft engagement letters for Audits, Compilation Engagements, Prospective Financial
   Statements, Tax Representations, ITR filing, GST Return filing, etc.
* Draft management representation letters for statutory audit, tax audit, CARO, etc.
* Detailed section on Financial Statements for Companies as per amended Schedule III
* Checklist as per new CARO 2020
* Comprehensive documentation, to get the Peer Review done.
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Description
Growing business failures has led to expectation gap considering such failure to be an audit failure at the first instance. The expectation gap needs to be bridged as well as the quality of audit and its documentation needs to be improved drastically. Growing compliances and watchful eyes by various stakeholders on auditors have made auditors more conscious in performing their duties with fear in their minds. All stakeholders are relying on assurance given by auditors through their reports and certificates and in case of any fraud or misrepresentation by the management; auditors are called to evidence that they performed their duties with utmost care and in compliance with applicable laws and standards. In such a case only proper and adequate documentation by the auditor can come to their rescue to evidence that they performed their duty with utmost care and best of their ability. ICAI has brought in DCMM Version 2.0 to self-evaluate digital competence. CAQ of ICAI has also mandated AQMM v. 1.0 for listed entities from 1.4.2023, Peer Review is also mandated for various audit firms in phased manner. There are amendments in various regulations, especially in Schedule III and CARO 2020, etc. Due to all these factors, it was thought prudent to revise this book taking into account the role of auditors and audit firms to adequately document their quality controls and performance of their engagements to withstand review of their quality controls and engagements by any regulator.
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Contents
Section I : Auditors' Reviewers
Section II : Peer View
Section III : Quality Review
Section IV : Financial Statements
Section V : Auditors and Companies Act, 2013
Section VI : Documentation
Section VII : Technical Standards
Section VIII : Reviewer's Focus Areas
Section IX : Documents Related to Engagements
Documents Related to All
Documents Related to Corporates Only
Documents Related to Non-Corporates Only
Section X : Documents Related to Staff Supervision and Development
Section XI :  Documents Related to Office Systems of an Audit Firm
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Author Details
CA Pramod Jain is a commerce graduate [B. Com (H)] from Shri Ram College of Commerce (SRCC). He is a fellow member of the Institute of Chartered Accountants of India (FCA). He is a fellow member of the Institute of Companies Secretaries of India (PCS) and the Institute of Cost Accountants of India (FCMA). He is a Bachelor of Law (LL.B). He has qualified Information System Auditor [DISA (ICAI)]. He is an Insolvency Professional. He is also a member of All India Management Association (MIMA). He has passed certification course NCFM of National Stock Exchange of India (NSE). He has also done certification course CAAT of ICAI and post qualification certificate course on Valuation of ICAI.
CA. Shreya Jain, B.Com (H), ACA
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