CA Final Paper 3: Advanced Auditing case studies
CA Final Paper 3: Advanced Auditing · Put your knowledge to work in context.
CA Final Paper 3, Advanced Auditing, is the paper in the ICAI Final course that tests whether a candidate can exercise professional judgement rather than recall rules. It is written for students who have cleared the Intermediate level and completed the practical training requirements, and for practising accountants who want their audit reasoning to hold up under scrutiny. The CA Final Paper 3: Advanced Auditing case studies are 5 cases and about 5,168 words.
1Revising Materiality Mid-Audit When a One-Off Gain Distorts the Benchmark
You are the engagement partner on the statutory audit of Bharat Precision Components Limited (BPC), a listed auto-component manufacturer, for the year ended 31 March 2026. BPC reports revenue of ₹512 crore, profit before tax of ₹26 crore and total assets of ₹340 crore.
1,040 words, about 5 min2Two Modifications and an Omitted Going-Concern Paragraph: Selecting the Right Opinion
Eastern Infra Engineering Limited (EIEL) is an unlisted public company with a 31 March 2026 year end. Two matters are unresolved as you draft the report.
1,107 words, about 6 min3A Relative on the Board and Unpaid Fees: When the Firm Has Already Lost Its Eligibility
Kalpataru Weaves Private Limited (KWPL) has paid-up capital of ₹4 crore, free reserves of ₹2 crore, total borrowings of ₹8 crore from an NBFC, turnover of ₹96 crore and 1,100 employees. It is not a subsidiary of a public company.
1,036 words, about 5 min4Fee Dependence, Prohibited Services and a Gift: Independence Under Pressure
Your firm has ₹22 crore of annual gross fees. It has been statutory auditor of Nirvaan Housing Finance Limited (NHFL), a listed NBFC-MFI with 214 branches, since FY 2023-24.
1,019 words, about 5 min5No Audit Trail for Six Months: Reporting Gaps, Suspicious Journals and Unverifiable Data
Finserve Capital Limited is a listed NBFC with a ₹3,400 crore loan book and profit after tax of ₹96 crore; overall materiality is ₹7 crore. Its accounting runs on a cloud ERP, while loans are originated and serviced on a vendor-hosted loan management system (LMS); the ERP is a SaaS product with no local database and the vendor will not give the audit team direct query access.
966 words, about 5 min