CA Intermediate Auditing Notes for May 2026, Download PDF for Quick Revision

CA Intermediate Auditing notes for May 2026 offer complete study materials covering auditing concepts, principles, and techniques for students pursuing chartered accounting.

The Chartered Accountancy (CA) Intermediate Examination is an essential milestone in becoming a professional chartered accountant. In its various subjects, auditing and assurance hold important importance. This not only builds the foundation for advanced auditing concepts at the final level but also equips students with the practical knowledge required for articleship and future professional practice. 

In this article, we will provide overall CA Intermediate Auditing notes, highlighting major concepts, exam tips, and study strategies to help you understand the subject more effectively.

CA Inter Auditing Notes May 2026

The CA intermediate auditing notes are designed to provide students with a clear and brief summary of the major concepts and principles included in this paper. CA intermediate auditing notes to help them develop the knowledge and skills necessary to succeed in the exam.

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CA Intermediate Auditing Marks Weightage Notes Download
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CA Intermediate Auditing MCQ Notes Download
CA Intermediate Auditing Practice Questions Notes Download
CA Intermediate Auditing Other Notes Download
CA Intermediate Auditing Hand-Written Notes Download
CA Intermediate Auditing Past Paper Notes Download
CA Intermediate Auditing Detailed Notes Download
CA Intermediate Auditing Chart Book Notes Download
CA Intermediate Auditing Summary Notes Download
CA Intermediate Auditing Amendment Notes Download

CA Intermediate Auditing and Ethics Syllabus and Important Topics for Notes 

The CA intermediate auditing and ethics syllabus includes the major concepts, principles, and processes of auditing and professional morality, which equip students with knowledge and skills to audit and make sure decisions are made according to moral standards.

CA Intermediate Syllabus May 2026 Auditing and Ethics
Topics Subtopics
Nature, Objective, and Scope of Audit Auditing Concepts:
  • Origin of Auditing,
  • Meaning of Audit,
  • Need for Audit (Benefits of Audit), Objective of the Audit, Scope of Audit, External Audit engagements,
  • Qualities of Auditor
  • Inherent Limitations of an Audit; Relationship of auditing with other disciplines.
  • (SA 200: Overall Objectives of the Independent Auditor and the Conduct of an Audit following Standards on Auditing)
Audit Strategy, Audit Planning, and Audit Program:
  • The auditor’s responsibility is to plan an audit of financial statements. Benefits of audit planning.
  • Planning is a continual and iterative process.
  • Discussion of elements of planning with the entity’s management.
  • Involvement of key engagement team members in planning the audit. Preliminary engagement activities.
  • The auditor’s consideration of client continuance and ethical requirements. Planning activities.
  • Establishing an overall audit strategy: assistance for the auditor. Development of an audit plan.
  • Documenting the overall audit strategy and audit plan and audit program.
  • Development of Audit Plan and Program
Risk Assessment and Internal Control: Audit Risk.
  • Risk of Material Misstatement, Inherent Risk and Control Risk, and Detection Risk.
  • Sampling and Non-Sampling Risk.
  • Concept of Materiality, Materiality in Planning and Performing an Audit.
  • The auditor’s responsibility is to apply the concept of materiality.
  • An auditor’s determination of materiality is a matter of professional judgment. Materiality and Audit
  • Risk.
  • Application of materiality in planning and performing the audit. Concept of Performance Materiality.
  • Determining materiality and performance materiality when planning the audit.
  • Use of benchmarks in determining materiality for the financial statements as a whole. Materiality level or levels for particular classes of transactions, account balances, or disclosures.
  • Revision in materiality as the audit progresses. Documenting the Materiality.
  • (SA 320 Materiality in Planning and Performing an Audit).
  • Identifying and Assessing the Risk of Material Misstatement: Risk Assessment Procedures.
  • Understanding the entity and its environment: internal control.
  • Documenting the Risks.
  • Evaluation of internal control system.
  • Testing of Internal control; Internal Control and IT Environment (SA 315) Identifying and Assessing the
  • Risks of Material Misstatement Through Understanding the Entity and Its Environment).
  • Digital Audit
  • Key features
  • Impact of IT-related Risks
  • Impact on Controls
  • Internal Financial Controls as per Regulatory requirements
  • Types of Controls
  • Audit approach
  • Understanding and documenting Automated environment
  • Testing methods, data analytics for audit, assessing and reporting audit findings.
Audit Evidence
  • Meaning of Audit Evidence.
  • Relevance and Reliability of Audit Evidence
  • Sufficient appropriate audit evidence
  • Meaning of Assertions
  • Assertions contained in the Financial Statements. Source of audit evidence
  • Test of controls
  • Substantive Procedures- Test of details and Substantive analytical procedures, Audit procedures for obtaining audit evidence.
  • Evaluation of Audit Evidence (SA 500 Audit Evidence), Audit Trail
  • (Using the work of Internal Auditors – SA 610)
  • Internal audit function.
  • External Auditor’s Responsibility for the audit, Evaluating the internal audit function.
  • Basics of Internal Financial Control and reporting requirements. The distinction between Internal Financial Control and Internal Control over Financial Reporting.
  • Audit Sampling: (SA 530 Audit Sampling). Meaning of Audit Sampling.
  • Designing an audit sample; Types of sampling (Approaches to Sampling).
  • Sample Size and selection of items for testing; Sample selection method.
  • Obtaining evidence of the existence of inventory; Audit procedure to identify litigation & claims.
  • Obtaining evidence regarding the presentation and disclosure of segment information
  • (SA 501 Audit Evidence – Specific Considerations for Selected Items)
  • External confirmation procedures.
  • Management’s refusal to allow the auditor to send a confirmation request; Negative Confirmations (SA 505 External Confirmations); Audit evidence about opening balances; Accounting policies relating to opening balances; Reporting with regard to opening balances (SA 510 Initial Audit Engagements-Opening Balances)
  • Meaning of Related Party; Nature of Related Party Relationships & Transactions; Understanding the Entity’s Related Party Relationships & Transactions (SA 550 Related Parties)
  • Analytical Procedures.
  • Meaning, nature, purpose, and timing of analytical procedures; Substantive analytical procedures.
  • Designing and performing analytical procedures prior to Audit.
  • Investigating the results of analytical procedures (SA 520 Analytical Procedures)
Audit of Items of Financial Statements
  • Audit of sale of Products and Services; Audit of Interest Income, Rental Income, Dividend Income, Net gain/loss on sale of Investments, etc.
  • Audit of Purchases, Employee benefits expenses, Depreciation, Interest expense, Expenditure on Power and fuel, Rent, Repair to building, Repair to Machinery, Insurance, Taxes, Travelling Expenses, Miscellaneous Expenses, etc.
  • Audit of Share Capital, Reserve and surplus, Long-term Term Borrowings, Trade Payables, Provisions, Short-term Term Borrowings, and other Current Liabilities.
  • Audit of Land, Buildings, Plant and equipment, Furniture and fixtures, Vehicles, office equipment, Goodwill, Brand/Trademarks, Computer Software, etc.
  • Audit of Loans and advances, Trade Receivable, Inventories, Cash and cash Equivalent, and Other Current Assets. Audit of Contingent Liabilities. (The list of items is illustrative only.)
Audit Documentation
  • Concept of Audit Documentation
  • Nature & Purpose of Audit Documentation; Form, Content & Extent of Audit Documentation. Completion Memorandum.
  • Ownership and custody of audit documentation (SA 230 Audit Documentation).
Completion and Review
  • Meaning of Subsequent Events
  • Auditors obligations in different situations of subsequent events.
  • Procedures for subsequent events. (SA 560 Subsequent Events).
  • Responsibilities of the Auditor with regard to Going Concern Assumption; Objectives of the Auditor
  • regarding Going Concern.
  • Events or conditions that may cast doubt on the going concern assumption.
  • Audit Procedures when events or conditions are identified (SA 570 Going Concern). Overview and
  • Introduction of Evaluations of Misstatements Identified During the Audit (SA 450).
  • Written Representations as Audit Evidence.
  • Objective of Auditor regarding Written Representation.
  • Management from whom written representations may be requested.
Audit Report
  • Forming an opinion on the Financial Statements.
  • Auditor’s Report- basic elements (SA 700 Forming an Opinion and Reporting on Financial Statements).
  • Communicating key Audit Matters in the Independent Auditor’s Report (SA 701) Types of Modified Opinion, Circumstances When a Modification to the Auditor’s Opinion is Required, Qualified, Adverse Disclaimer of Opinion (SA 705 Modification to the Opinion in the Independent Auditor’s Report).
  • SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report.
  • Nature of Comparative Information.
  • Corresponding Figure; Comparative Financial Statements (SA 710 Comparative Information – Corresponding Figures and Comparative Financial Statements).
  • Branch audit; Joint audit; Reporting requirements under the Companies Act, 2013, including CARO
Special Features of Audit of Different Types of Entities
  • Appointment of Auditor,
  • Audit Procedure and Audit Report in respect of different Category of Entities
  • Government; Local bodies; Not-for-profit organizations; Trust and Societies, Partnership Firms
  • Audit of different types of undertakings, i.e., Educational Institutions, Hotels, Clubs, Hospitals, etc.
  • Basics of Limited Liability Partnerships (LLPs) Audit and Co-operative Societies Audit.
Audit of Banks
  • Understanding of accounting systems in Banks
  • Audit Approach
  • Audit of Revenue items,
  • Special Consideration in Bank Audit with emphasis on Advances and NPAs
Ethics and Terms of Audit Engagements
  • Meaning of Ethics. – Ethics is a State of Mind, Need for Professional Ethics.
  • Principles-based approach v Rules-based approach (Ethical or Legal). 
  • The fundamental principles of Professional Ethics: Integrity;
  • Objectivity; Professional Competence and Due care; Confidentiality; Professional Behaviour.
  • Independence of Auditors.
  • Threats to Independence: Self-interest threats, Self Review threats, Advocacy threats, Familiarity threats, Intimidation threats.
  • Safeguards to Independence; Professional Scepticism, Terms of Audit Engagements Preconditions for an audit; Audit Engagement
  • Agreement on Audit Engagement Terms
  • Terms of Engagement in Recurring Audits (SA 210 Agreeing the Terms of Audit Engagements)
  • Overview and Introduction of SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information and Other Assurance and Related Services Engagements
  • Overview and Introduction of SA 220 (Quality Control for an Audit of Financial Statements).

CA Inter Auditing and Ethics Preparation Tips 

CA Inter Auditing and Ethics is an important paper that requires a strategic approach to preparation. Here are some valuable suggestions to help you excel in this paper: 

  • Practice case study: A case study is an essential part of an auditing and ethics paper. Practice solving case studies to improve your analytical skills. 
  • Pay attention to morality: Ethics is an important part of the paper. Study the Ethics Code released by ICAI and practice applying moral principles to the study of the case.
  • Create notes: Create notes on important subjects including auditing processes, auditing standards, and morality. Review your notes regularly. 
  • Practice mock tests: Practice mock tests to assess your knowledge and identify areas for improvement.

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FAQs

What are CA Intermediate Auditing Notes May 2026?

CA Intermediate Auditing Notes May 2026 are structured study materials covering the complete auditing syllabus, including standards, concepts, procedures, and practical illustrations, designed to help students understand topics easily and score better in exams.

Why are subject-specific notes important for CA Intermediate Auditing?

Auditing contains technical language and conceptual explanations. Well-prepared notes simplify complex topics, highlight exam-focused areas, and save revision time, making them essential for effective preparation for May 2026 attempt.

What topics are usually covered in CA Intermediate Auditing Notes May 2026?

Notes generally cover the nature of auditing, audit planning, internal control, audit evidence, company audit, audit of items, audit reports, ethics, and professional responsibilities as per the latest ICAI syllabus.

Are CA Intermediate Auditing Notes May 2026 updated with amendments?

Yes, good-quality notes include the latest amendments, revised standards on auditing, and updated provisions applicable for May 2026, ensuring students study only relevant and examinable content.

Can CA Intermediate Auditing Notes replace ICAI study material?

Notes cannot completely replace ICAI study material, but they work as an excellent summary. Students should use notes for quick understanding and revision while referring to ICAI material for detailed clarity.

How should students use CA Intermediate Auditing Notes May 2026 effectively?

Students should first read ICAI material, then use notes for revision, concept strengthening, and last-day preparation. Highlight important points and revise notes multiple times before exams.

Do auditing notes include practical examples?

Yes, most quality notes include practical illustrations, case-based examples, and exam-oriented questions that help students understand application of auditing concepts and improve answer-writing skills.

Are CA Intermediate Auditing Notes May 2026 useful for self-study students?

Absolutely. Notes provide structured explanations and simplified language, making them highly useful for students preparing through self-study without regular coaching support.

Do auditing notes include Standards on Auditing (SAs)?

Yes, notes usually explain important Standards on Auditing with objectives, requirements, and key points, which are frequently tested in CA Intermediate examinations.

Can notes help in writing better answers in auditing paper?

Yes, well-prepared notes present points in a proper format, helping students learn how to structure answers clearly and score well in descriptive auditing questions.