Take the Common Proficiency Test (CPT): This is the first step in becoming a Chartered Accountant in India. It is an entry-level test conducted by the Institute of Chartered Accountants of India (ICAI). The CPT is conducted twice a year in June and December.
CA Final Exams which are conducted by The Institute of chartered accountants of India have been completed on November,16 2022
Audit evidence is the Information used by the auditor in arriving at the conclusions on which the auditor’s opinion is based. Audit evidence includes both information contained in the accounting records underlying the financial statements and other information.
Audit documentation serves a number of purposes, including the following
1) Evidence of the auditor’s basis for a conclusion about the achievement of the overall objectives of the auditor
2) Evidence that the audit was planned and performed in accordance with SAs
3) Assisting the engagement team to plan and perform the audit.
4) Assisting members of the engagement team responsible for supervision to direct and supervise the audit work, and to discharge their review responsibilities in accordance with SA 220.
The Institute of Chartered Accountants of India issues Students journal every month and the name of the journal is “THE CHARTERED ACCOUNTANT”
Students Journal for the month December 2022 has been recently issued by ICAI.ICAI has covered following topics in the december 2022 edition of students journal
Objective of SA 210:- The objective of the auditor is to accept or continue an audit engagement only when the basis upon which it is to be performed has been agreed, through:
a) Establishing whether the preconditions for an audit are present; and
b) Confirming that there is a common understanding between the auditor and management and, where appropriate, those charged with governance of the terms of the audit engagement.
This Standard on Auditing (SA) establishes the overall objectives of independent auditor when conducting an audit of financial statements in accordance with SA’s and requirements that the auditor should posses in order to achieve those objectives.