Advanced Auditing, Assurance & Professional Ethics is a meticulously updated and exam-focused self-learning text for CA Final – Group I | Paper 3, applicable for the January 2026 attempt. The book provides comprehensive coverage of auditing standards, assurance engagements, quality control, and professional ethics, incorporating all amendments in force as of 31^st October 2025.

It integrates ICAI’s latest Code of Ethics, Quality Management Standards (SQM 1 & 2), and revised SAs (200–720 series) with practical illustrations, case laws, and tabular analyses. Designed in a self-learning format, this guide helps students transition from conceptual understanding to professional application, bridging theory, practice, and exam preparation.

The Present Publication is the 16^th Edition, authored by CA. Pankaj Garg, with the following noteworthy features:

• [Comprehensively Updated] Covers amendments in Code of Ethics (2020 Edition & subsequent announcements), Quality Management Standards (SQM 1 & 2), Company Law provisions, and ICAI Notifications effective up to 31st October 2025
• [ICAI-aligned Structure] Organised chapter-wise exactly as per ICAI’s study material, RTPs, and exam blueprints
• [Tabular Presentation] All topics, procedures, and standards summarised through comparative and analytical tables for easy retention
• [Flowcharts & Diagrams] Visual explanation of audit procedures, risk assessment, and reporting formats
• [Conceptual Clarity & Application Approach] Integrates principles, case laws, and practical scenarios to strengthen analytical ability
• [Exam Support Tools] Includes Quick Revision Tables (QRTs), Past Exam Questions, ICAI RTP/MTP Cross-references, and Case-based Illustrations
• [Coverage of Emerging Areas] Discusses Forensic Auditing, Sustainability Reporting (SDG & ESG Assurance), and Digital Auditing Environment
• [Professional Ethics Simplified] Explains Schedules I & II of the CA Act, disciplinary mechanism, and UDIN/Networking/Logo guidelines in detail

The coverage is divided into 19 comprehensive chapters, each addressing critical aspects of auditing and professional practice:

• Quality Control (QC) – SQC 1 & SA 220, Peer Review Board, QRB, NFRA
• General Auditing Principles & Auditor Responsibilities
• Audit Planning, Strategy & Execution
• Materiality, Risk Assessment & Internal Control
• Audit Evidence – Techniques & Documentation
• Completion & Review – Subsequent Events & Going Concern
• Reporting – Audit Reports & Modifications
• Specialised Areas – Government, NGO, Environment & CSR Audits
• Related Services – Review, Agreed Procedures & Compilations
• Review of Financial Information
• Prospective Financial Information & Other Assurance Services
• Digital Auditing and Assurance – Data Analytics, AI, Blockchain Audits
• Group Audits – Component Auditors & Consolidation
  • Audit of Banks
  • Audit of Non-Banking Financial Companies
• Audit of Public Sector Undertakings
• Internal Audit & Operational Controls
• Due Diligence, Investigation & Forensic Accounting
• SDG and ESG Assurance
• Professional Ethics and Liabilities of Auditors – Code of Ethics, Schedules of CA Act, UDIN, Networking & Disciplinary Mechanism

Each chapter follows a pedagogically designed sequence:

• Concept & Objective – Overview of the standard or law
• Key Definitions & Principles – Concise explanation of core terms
• Detailed Discussion – Breakdown of clauses, responsibilities, and reporting requirements
• Flowcharts/Tables – Summaries of procedures and checkpoints
• ICAI Exam Integration – Past questions, RTP references, and practice illustrations
• Quick Revision Tables (QRTs) – End-chapter summaries for fast recall
• This layout helps students learn progressively while maintaining exam readiness.