CA Inter Audit Chapter-3 Revision Marathon | ICAI Exam Oriented September 2024 | Neeraj Arora

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At Intermediate Level, Auditing & Ethics is Paper-5 which is of 100 Marks.
As per the New Course Syllabus of ICAI, CA Inter Audit has been renamed as CA Inter Auditing & Ethics. Now, the CA New Course Syllabus has been divided into 11 Chapters. In this video, we will be revising Chapter-3 of CA Inter Audit which is Risk Assessment and Internal Control.
Timestamps-
00:00 Introduction
00:37 Chapter 3 Audit Risk and Risk Assessment Revision Video starts
00:44 Audit Risk
09:42 Risks that require special audit consideration
13:57 SA 315 Identifying and assessing the risk of material misstatement through understanding the entity and its environment
15:30 Risk assessment procedures and what it includes
23:08 Understanding the Entity and its Environment
31:28 Why is understanding the entity and its environment significant?
34:00 Chapter 3A Internal Control Revision Video starts
34:10 Meaning of Internal Control
37:34 Components of IC
49:55 Are all Controls Relevant to the audit?
53:00 Miscellaneous topics related to IC
54:14 Nature and Extent of the Understanding of Relevant Controls
57:34 Evaluation of Internal Control By Auditor
01:00:21 Formulate Audit Program after understanding Internal Control
01:01:16 Evaluation of Internal Control- Methods
01:04:20 Objectives of IC
01:05:19 Message to students
01:05:43 Chapter 3B Response to the Assessed Risk Revision Video starts
01:06:05 Objective and Responsibility of auditor
01:08:00 Testing of Internal Control
01:29:31 Tests of Details
01:33:55 Internal Financial Controls as per Regulatory Requirements
01:38:06 Chapter 3C Materiality Revision Video starts
01:38:26 What is meant by materiality?
01:41:54 Benchmarking
01:46:24 Determining Materiality and Performance Materiality
01:48:11 Determination of materiality- a matter of professional judgment
01:50:10 Revision in Materiality
01:51:09 Documenting the Materiality
01:51:23 Materiality and Audit Risk
01:53:01 Chapter 3D Automated Environment Revision Video starts
01:53:08 What is an automated environment?
01:54:23 Key features of an Automated Environment
01:54:59 Understanding and documenting automated environment
01:56:15 Understanding the Risks that arise from the use of IT and IT Systems
01:59:06 Types of Controls in an Automated Environment
02:12:33 Testing methods in an automated environment
02:14:56 Manual and Automated Elements of Internal Control Relevant to the Auditor’s Risk Assessment
02:18:10 Audit Approach in an Automated Environment
02:19:54 Data Analytics for Audit
02:21:08 Digital Audit

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Important Links for CA Inter Students: linktr.ee/neerajarora

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Timestamps-
00:00 Introduction
00:37 Chapter 3 Audit Risk and Risk Assessment Revision Video starts
00:44 Audit Risk
09:42 Risks that require special audit consideration
13:57 SA 315 Identifying and assessing the risk of material misstatement through understanding the entity and its environment
15:30 Risk assessment procedures and what it includes
23:08 Understanding the Entity and its Environment
31:28 Why is understanding the entity and its environment significant?
34:00 Chapter 3A Internal Control Revision Video starts
34:10 Meaning of Internal Control
37:34 Components of IC
49:55 Are all Controls Relevant to the audit?
53:00 Miscellaneous topics related to IC
54:14 Nature and Extent of the Understanding of Relevant Controls
57:34 Evaluation of Internal Control By Auditor
01:00:21 Formulate Audit Program after understanding Internal Control
01:01:16 Evaluation of Internal Control- Methods
01:04:20 Objectives of IC
01:05:19 Message to students
01:05:43 Chapter 3B Response to the Assessed Risk Revision Video starts
01:06:05 Objective and Responsibility of auditor
01:08:00 Testing of Internal Control
01:29:31 Tests of Details
01:33:55 Internal Financial Controls as per Regulatory Requirements
01:38:06 Chapter 3C Materiality Revision Video starts
01:38:26 What is meant by materiality?
01:41:54 Benchmarking
01:46:24 Determining Materiality and Performance Materiality
01:48:11 Determination of materiality- a matter of professional judgment
01:50:10 Revision in Materiality
01:51:09 Documenting the Materiality
01:51:23 Materiality and Audit Risk
01:53:01 Chapter 3D Automated Environment Revision Video starts
01:53:08 What is an automated environment?
01:54:23 Key features of an Automated Environment
01:54:59 Understanding and documenting automated environment
01:56:15 Understanding the Risks that arise from the use of IT and IT Systems
01:59:06 Types of Controls in an Automated Environment
02:12:33 Testing methods in an automated environment
02:14:56 Manual and Automated Elements of Internal Control Relevant to the Auditor’s Risk Assessment
02:18:10 Audit Approach in an Automated Environment
02:19:54 Data Analytics for Audit
02:21:08 Digital Audit

[@partisthaberwal21]

Many Thanks Dude

[@NeerajArora]

🚀 Important Links for CA Inter May 2024 Students- bit.ly/3JSBqgX

[@NeerajArora]

🚀 Books- www.edu91.org/s/store/courses/Books
🥳 EDU91 Free Resources for May 2024- www.edu91.org/courses/EDU91-Revision-Classes-for-May-2024-65cc647be4b035b8ce944876

[@chirkutgaming9414]

SM video series me Jo notes use kiye h wo kaha available h chart notes ??

[@nishashaw3340]

Can't see option for CA Inter Audit books only for Final is there

[@samruddhihegde9033]

13:57 SA 315
34:10 IC
1:05:43 SA 330
1:38:06 SA 320
1:53:01 Automated environment

[@mdaetesamuddin8657]

in all the classes u have not just completed the syllabus but u also made us self learners i mean u showed us how to digest something like audit in our own way. !! thank u soooo muchhhh

[@NeerajArora]

Glad to hear that

[@CAJP21]

2:09:58
"Life is grim and we have to greet it Grimly" ~ Kratos GoW 2018

[@nitikagarg583]

Finally wait is over......Thank you so much sir😊

[@NeerajArora]

All the best

[@fit_with_guts]

Limitation of Internal control 35:27
Judgment ki LIC
Human judgment
Judgment by mgmt.
Lack of understanding
Limitations in case of small firms
Ic provide only reasonable assurance
Collusion among people

[@nidhigupta11984]

best teacher for audit

[@fit_with_guts]

1:50:16 Revision in materiality
CICA
C-Change in circumstances
I-New information
CI- Change in the auditor's understanding

[@nidhigupta11984]

sir i don't have words to thank you enough because of you i have gain confidence in audit i had purchase audit from other classes but not satisfied with but your one shots help me to cope up with thank you thank you so much sir

[@anjuprajapati3389]

1:59:00 revision of automated environment

[@user-cg8tq7bj2n]

59:20 oo bhaiiii..dar gayii ..raat ko vid dekh rahi thi…book ki aur dekha aur jaise oopar dekha sir gayab😂😂😂

[@sjain9840]

2:02:35 general types of control in automated environment

[@Kanuda_na_rajma945]

Wah sir kya revison karate ho aap

[@nitikagarg583]

Sir jldi se audit aur sm ki all rev vd upload krde .....so that we can revise multiple times

[@rohangupta_]

Almost all videos uploaded now

[@anshumanjaiswal1062]

Kitni baar revise Kiya?

[@itsme81317]

Lol ​@@anshumanjaiswal1062

[@amanpannu]

1:59:17 quick rev

[@aditirastogi9176]

Sir we are waiting for Ch 4 (part 2) Audit

[@Nandu_2308]

Its there in a miscellaneous topic

[@sarthakbhatia783]

Sir ye notes{charts}
miljege?

[@unconquered7]

Done ✅

[@rajat9731]

mcq m max answers long hote h

[@khushboogoyal3991]

best audit faculty 😃😃😃😃😃😃😃

[@divyanshi6076]

Thank you so much sir ✨✨🙏🙏

[@Anshu-user-zk4ot3vj4b]

Thank u so much sir 🙏💕 revision videos really very helpful ❤❤

[@itzpt5913]

Thank you so much Sir 😊😁

[@user-zz7zq2nq1c]

we all are lucky to have a gem teacher a motivator and a humble human thNKYOUU so muchhh sir

[@pramodpradhan1860]

Anyone tell me where will I get the notes

[@ankitdhanda001]

These are for class students

[@aastha3785]

1:53:03

[@harshrajani6107]

Thank you sir ❤

[@krishparikh669]

01:53:01 continue automated env

[@kriishna1914]

41:24 control environment

[@shagunkesharwani2217]

Sir how to purchase CA INTER AUDIT book for jan 25...(Summary Book) Plzzz guide sir

[@bhawanishankarsaini4618]

Sir ch 4 part 2 krvado soon😅

[@ineerajrao]

Dil se danywad sir ji❤

[@vibhishnagul]

Thank you sir

[@ananddesai9034]

Yes sir cover ho gaye the sare topics.

[@bhaktithakkar3102]

Thank you Sir 🙏🏻

[@soumaditya04]

Thank you so much sir

[@ksresearch]

1:19:00

[@kavyabasaram]

How can i buy ur notes sir

[@aastha3785]

2:10:26

[@rahulagnihotri700]

Sa330?? Kha h???

[@fit_with_guts]

1:05:43

[@yogeshkadu7555]

13:57

[@ksresearch]

Ye rev lectures ki pdf's kaha se milti hai sir 🤔

[@divasdangi3278]

44:01

[@Nikitatiwari99]

Sir please AFM ke bhi revision lectures upload kardona😊

[@m.k.mangla8592]

Sir can you please provide Audit icai BOS portal mcq pdf file on free resources to download?

[@sanjanadhongadi6483]

Where to find free resources?

[@akshatgarg9972]

sir correct incorrect toh
nhi aa rhe na 1:01:58

[@rohangupta_]

Nhi aayenge bhai

[@divasdangi3278]

aapke notes ka font bahut chota rehta hai.. achha nhi lgta read krne me

[@NeerajArora]

Kaunse notes ki baat kar rahe ho? Audit regular book for may 24 or question bank.

[@Bnm9897]

​@@NeerajArora Sir aap bb sir jaisa font leke aaea notes mai
And thoda aur colourfull banayea please
Jaise compact h sir ki
Plz

[@divasdangi3278]

@@NeerajArora CA Inter Aasheerwad book

[@opagal7994]

18:13

[@theintuber6612]

00:57:25

[@arihantparmar1294]

43:12