{"product_id":"audit-of-financial-statements","title":"Audit of Financial Statements","description":"\u003cp\u003e\u003cem\u003e\u003cspan\u003eAudit of Financial Statements \u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003eis a structured practitioner's manual that translates Standards on Auditing, the Companies Act 2013, CARO 2020 and Indian Accounting Standards into a single, end-to-end audit methodology. Written from the standpoint of an inspection-aware practising auditor, it positions the statutory audit not as a checklist exercise but as a documented, risk-driven engagement whose quality must be defensible before the National Financial Reporting Authority (NFRA), the Quality Review Board (QRB), the Financial Reporting Review Board (FRRB) and audit committees.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe 5\u003csup\u003eth\u003c\/sup\u003e Edition reflects the regulatory shift from broad supervisory oversight to detailed practice-oriented guidance—mapping the Audit Quality Maturity Model (AQMM) Version 2 expectations to engagement-level documentation, and operationalising NFRA's audit practice toolkits, structured Risk of Material Misstatement (RoMM) templates and Auditor–Audit Committee Interaction Series circulars into procedures, checklists and working papers.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis book is intended for the following audience:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003ePractising Chartered Accountants \u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003esigning statutory audit reports of corporate and non-corporate entities under the AS framework\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eAudit Firm Partners and Engagement Quality Reviewers\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e building inspection-ready audit files under AQMM v2 and the proposed SQM 1\/SQM 2 transition\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eEngagement Teams, Managers and Articled Assistants\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e seeking structured guidance on risk assessment, response design and documentation\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eAudit Committee Members\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e and those charged with governance evaluating auditor work, communication quality and independence\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eInternal Auditors, Technical Reviewers, Peer Reviewers and Concurrent Auditors\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e whose work intersects with the statutory audit cycle\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eFinance Controllers and CFOs\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e responsible for accounting policy formulation, Schedule III disclosures and audit readiness\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eRegulatory and Oversight Personnel\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e reviewing audit documentation, governance communication and reporting compliance\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Legal Matrix Publications","offers":[{"title":"Default Title","offer_id":48773081366747,"sku":null,"price":2246.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0818\/9109\/8843\/files\/1777458327018_1_9789371268721_Detail-Page.jpg?v=1778736349","url":"https:\/\/legalmatrixpublications.com\/products\/audit-of-financial-statements","provider":"Legal Matrix Publications","version":"1.0","type":"link"}