Statutory Audit Interview Preparation | From Basics to Advanced with CA Shivam Palan
Statutory Audit Masterclass

Learn How BIG 4 Consultants
Perform Statutory Audit

No Prior Audit Experience Required
Real World Case-Studies
4.94 / 5 Rated Masterclass

View Time | Validity

1.5 Time | 6 Months

Duration

25+ Hours

Certified Course

Completion Certificate

Experienced Instructor

CA Shivam Palan | Ex - EY

Empower Your Career With Statutory Audit Masterclass

Precision in Decision-Making

Mastering statistical audit enhances data accuracy for strategic decision-making in data-driven settings.

Risk Mitigation Expertise

Stat audit proficiency identifies and mitigates risks, contributing to overall organizational risk resilience.

Enhanced Problem-Solving Skills

Stat audit sharpens problem-solving through systematic approaches, fostering innovative solutions to complex issues.

Ready for Core Finance Roles

Stat audit mastery ensures industry standard compliance, reflecting your commitment to integrity and quality.

Certified Course + Real Projects

Stat audit expertise champions data-driven decision-making, a crucial skill in today's data-centric organizational landscape.

Interview-Ready Skills

Stat audit proficiency unlocks advanced roles in analytics, positioning you as a standout candidate for career growth.

Register Now @ ₹1999 ₹4999

Meet Your Trainer

shivam-sir

Hello there, I am CA Shivam Palan.

 Ex-EY | 5+ Years of Experience 

"Teaching isn't just a profession for me—it's a passion. As a Chartered Accountant with hands-on experience in mid-tier firms, Big 4 giants, and startups, I’m excited to share the knowledge I’ve gained over the years. I’ve been privileged to mentor over 70,000 aspiring CAs, with more than 20,000 now thriving in their careers. My mission is simple: to help shape India’s finance industry, one student at a time.

In this Statutory Audit Masterclass, we’ll cover everything from pre-planning and materiality to internal controls, substantive testing, auditing specific expenses, revenue, borrowing, audit reports, and much more.

Join me to explore endless possibilities in statutory audit and pave the way for your success. Together, we’ll create a brighter future."

14K +

Followers

100K +

Subscribers

142K +

Followers

70K +

Students

Career Opportunities You Can Grab

Finance

Financial Due Diligence

Financial Planning & Analysis

CFO Advisory

Corporate Finance

Business Valuations

Data Analysis

Business Intelligence

Register Now @ ₹1999 ₹4999

Who is this Masterclass for?

workshop-for-img

CA

For CA Finalists, CA Inter Articles, and Qualified CAs with <2 years' experience.

B.Com / BBA

Essential skills for roles like Finance Analyst or Risk Analyst in auditing and compliance.

CMA / Others

Any finance professional looking to build a career in Audit

Register Now @ ₹1999 ₹4999

Get An Edge in Your Audit Interview

Learn from the best — CA Shivam Palan!

Emphasizing 100% skill-based learning, our training integrates industry best practices and hands-on teaching through real-world case studies for expertise in audit concepts.

Work with 'Real Working Papers' used by BIG4s.

Focused on practical learning, our program includes hands-on projects and real-world case studies, helping participants develop audit skills and confidence for success in statutory audit.

Interactive Learning Experience.

Experience flexible global online learning with Zoom sessions, interactive MCQ assessments, live classes, doubt sessions, city meetups, and a vibrant community for a dynamic educational experience.

Interview & Placement Support.

Enhance your career with our program, gaining interview confidence, improving your CV with real-world case studies, and staying informed about diverse job opportunities.

Register Now @ ₹1999 ₹4999

Masterclass Curriculum

Download Curriculum

Lecture 1

Introduction to Statutory Audit

Get introduced to the fundamentals of statutory audit, pre-planning requirements, and the critical aspects of understanding a company’s financial statements.

  • Definition and types of audit
  • Importance of audit documentation
  • Introduction to regulatory authorities
  • Test: Multiple-choice quiz to assess key concepts

Lecture 2 

Planning Audit

Learn how to conduct a desktop review of financial statements and develop your analytical review and materiality determination.

  • How to read financial statements
  • Planning an effective audit
  • Identification of significant accounts
  • Test: Multiple-choice quiz on financial statement analysis

Lecture 3

Risk Assessment and Process Understanding

Master risk assessment with in-depth process walkthroughs and sample selections, while understanding the core business processes from procurement to payment and revenue recognition.

  • IFC applicability
  • Detailed process walkthroughs (P2P, O2C, H2R, etc.)
  • Test: Risk assessment and process understanding quiz

Lecture 4

Substantive Testing – Inventory, Payroll & Legal Expenses

Deep dive into substantive audit procedures, including inventory audits, payroll reviews, and legal expenses, ensuring compliance and accuracy in financial records.

  • Assertions mapping
  • Inventory stock count and payroll audits
  • Test: Analytical procedures and substantive testing quiz

Lecture 5

Ledger Testing and Expense Analysis

Examine critical expenses like electricity, rent, and advertisement while performing GL testing and other essential ledger analysis techniques.

  • Rent expenses under Ind AS 116
  • GL testing methods
  • Test: Expense analysis and ledger review quiz

Lecture 6

Revenue & Trade Receivables Audit

Gain proficiency in auditing revenue, COGS, and trade receivables, including an understanding of the impact of Ind AS 115 on revenue recognition.

  • Substantive testing of revenue and receivables
  • Depreciation and PPE (Ind AS 16)
  • Test: Revenue audit and substantive testing quiz

Lecture 7

Ratio Analysis and Substantive Testing

Enhance your audit skills with advanced ratio analysis techniques, from liquidity to profitability and market ratios.

  • Borrowing and interest cost audit
  • Ratio analysis for audit conclusions
  • Test: Ratio analysis and testing quiz

Lecture 8

CARO 2020 and Conclusion of Audit

Wrap up the audit with a focus on CARO 2020, management representation letters, and finalizing the audit opinion with sample reports.

  • Unqualified, qualified, adverse, and disclaimer of opinion
  • Final analytical review procedures
  • Test: Final audit opinion quiz
Register Now @ ₹1999 ₹4999

What LinkedIn Has To Say...

Lavina Goyal

Chartered Accountant

I am happy to share that in this learning phase of my life to become a better professional and to enhance my technical skills, I have achieved 1st rank in the Statutory Audit Masterclass Live Test conducted by CA Monk. I would like to thank CA Shivam Palan sir and the CA Monk team for conducting such insightful sessions and classes.

Sharangdhar Saoji

Chartered Accountant

Hello connections,
Excited to announce that I've recently accomplished the Statutory Audit Masterclass program by CA Monk, aimed at elevating my expertise in the statutory audit domain.
The course, spanning over 20+ hours, was an incredible experience where every aspect of the statutory audit process was meticulously covered with practical applications.

CA Govinda Marathe

Chartered Accountant

📚Just completed the fantastic Statutory audit masterclass by CA Shivam Palan Sir!
Throughout the course, I gained valuable insights from the Statutory Audit Masterclass are:📝
✅ Understanding the meaning, purpose & advantage of statutory audit.
🪜The steps to perform the statutory audit from start to end in very detailed manner.
read more...

CA Anurag Sachan

Chartered Accountant

I have completed the statutory audit masterclass. It includes amazing sessions which would help you to understand the audit practices and procedures followed by while doing statutory audits. The master class was very interesting as it was more practical oriented.
Why I liked about the CA Monk Statutory Audit Master Class ?
🔅 Every class covers advanced excel functions using practical worksheets.
🔅 Data used in the class is just similar to a real world company.
🔅 Short and concise lectures focusing on one FSLI at a time.
read more...

certificate

Level up your career with CA Monk’s
Industry- Recognized Certification.

View Certificate

Let's Recap

recap-gir-img

Statutory Audit Masterclass

  • Proficiency in statutory audit principles and methodologies.
  • The ability to apply audit concepts to real-world scenarios.
  • Skills in evaluating and prioritizing audit risks effectively.
  • Understanding of materiality and its impact on financial statements.
  • Ability to assess and test internal controls for financial integrity.
  • Knowledge of various audit sampling methods and their applications.
  • Crafting comprehensive audit reports that effectively communicate findings.
Register Now @ ₹1999 ₹4999

FAQ

Still have any questions?

If you have any doubts or queries, feel free to reach out to us by shooting us an email at support@camonk.com or by calling us at +91-9022720882.

  • This masterclass is designed for CA Finalists, CA Inter Articles, Freshly Qualified CAs with under 2 years of experience, BCom Graduates, and Finance Professionals who want to gain a deep understanding of statutory audit.

  • Our masterclass offers comprehensive coverage of statutory audit, practical insights from industry experts, and an interactive learning experience that goes beyond theory.

  • Yes, absolutely! Our course is structured to accommodate learners with various levels of audit knowledge, including those with no prior audit experience.

  • For Qualified CA Professionals seeking a transition into the audit domain, this masterclass provides a solid foundation and advanced audit techniques necessary to excel in statutory audit roles.

  • You'll have access to practice problems, downloadable materials, step-by-step instructional videos, and valuable industry insights from our expert mentor.

  • Yes, you'll have opportunities to interact with the instructor during the course. We encourage questions and discussions to enhance your learning experience.

  • The course duration varies depending on your pace of learning, but most participants complete it within a reasonable timeframe.

  • Yes, you will receive a certificate of completion that recognizes your achievement in mastering statutory audit.

  • Yes, we offer ongoing support, and you'll be part of a WhatsApp community of learners where you can network, seek advice, and share experiences.

  • As you are already on the course page itself, you can find the enrolment button on this page itself and follow the registration process. The cost details are also available here on this course page.

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