Audit of Financial Statements by CA Pranav Jain is a practitioner's manual that brings the Standards on Auditing, the Companies Act 2013, CARO 2020 and Indian Accounting Standards together into one risk-based statutory audit methodology. Written with NFRA and peer review inspections in mind, it shows how to plan, perform and document an audit that can withstand regulatory scrutiny.
The 5th Edition (2026) maps the Audit Quality Maturity Model (AQMM) Version 2 to engagement documentation and turns NFRA's toolkits, risk-of-material-misstatement templates and its January 2026 circular on SA 260 and SA 265 into procedures, checklists and working papers. Each audit step is linked to an assessed risk from SA 315 to SA 330, with CARO reporting and Schedule III disclosures in every substantive chapter, plus model accounting policies and illustrative audit reports. Essential for chartered accountants, audit teams and audit committees. Paperback, 1,280 pages.
