CA Intermediate Auditing Marathon Timestamps | Complete May 2026 Revision
1. Introduction to Audit Marathon
Overview of the audit marathon schedule, daily targets, and session timings for covering audit syllabus chapters.
2. Fundamentals of Audit and Its Purpose
Explanation of audit as an independent examination of financial information, its significance, and the types of audits relevant to CA syllabus.
3. Audit Assertions and Assurance Concept
Discussion on management assertions, auditor's role in verifying assertions, and the concept of assurance as providing confidence in financial information.
4. Engagement and Assurance Engagement Explained
Definition of audit engagement, engagement letters, and assurance engagements aimed at enhancing users' confidence in financial statements.
5. Roles in an Organization: TCWG, Management, and Owners
Clarification of the roles of those charged with governance (TCWG), management, and owners, including their responsibilities and influence on audit scope.
6. Audit Opinions and Misstatements
Types of audit opinions (unmodified and modified), understanding misstatements, materiality, and the distinction between error and fraud.
7. Audit Procedures and Risk Assessment
Overview of audit procedures including risk assessment, further procedures, and their relationship with audit risk and evidence gathering.
8. Internal Control System and Its Objectives
Explanation of internal control systems, their design, implementation, maintenance, and objectives such as reliability, efficiency, safeguarding assets, and compliance.
9. Audit Risk, Materiality, and Management's Role
Discussion on audit risk, risk of material misstatement (ROM), detection risk, materiality thresholds, and the responsibility of management in financial reporting.
[0:00] Introduction to Audit Marathon Overview of the audit marathon schedule, daily targets, and session timings for covering audit syllabus chapters. [1:30] Fundamentals of Audit and Its Purpose Explanation of audit as an independent examination of financial information, its significance, and the types of audits relevant to CA syllabus. [15:00] Audit Assertions and Assurance Concept Discussion on management assertions, auditor's role in verifying assertions, and the concept of assurance as providing confidence in financial information. [30:00] Engagement and Assurance Engagement Explained Definition of audit engagement, engagement letters, and assurance engagements aimed at enhancing users' confidence in financial statements. [40:00] Roles in an Organization: TCWG, Management, and Owners Clarification of the roles of those charged with governance (TCWG), management, and owners, including their responsibilities and influence on audit scope. [50:00] Audit Opinions and Misstatements Types of audit opinions (unmodified and modified), understanding misstatements, materiality, and the distinction between error and fraud. [1:00:00] Audit Procedures and Risk Assessment Overview of audit procedures including risk assessment, further procedures, and their relationship with audit risk and evidence gathering. [1:10:00] Internal Control System and Its Objectives Explanation of internal control systems, their design, implementation, maintenance, and objectives such as reliability, efficiency, safeguarding assets, and compliance. [1:20:00] Audit Risk, Materiality, and Management's Role Discussion on audit risk, risk of material misstatement (ROM), detection risk, materiality thresholds, and the responsibility of management in financial reporting.
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