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CFAP 6 – Audit, Assurance and Related Services

By Hasnain R. Badami
Advanced Audit and Assurance is the most important papers of CFAP (CA Final) Level. Not only from the exam perspective but also, the practical view point, the course maintains a central position for every Chartered Accountant to be successful in their careers.
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(29 customer reviews)

COURSE DESCRIPTION

Advanced Audit and Assurance is one of the most important papers of CFAP (CA Final) Level. Not only it is important from exam perspective but also, from the practical view point, the course maintains a central position for every Chartered Accountant to be successful in their careers.

Yet there is widespread underestimation amongst the students which renders the course to come at a lesser, or at times, least priority compared to the other subjects. It is the major reason why the paper has most referrals in CA finals.

KEY FEATURES

  • COMPLETE & Comprehensive Course Coverage (as suggested in ICAP Syllabus)
  • NEW ICAP Questions ADDED incl. Questions from last attempt
  • Detailed week wise study plans along with clear Study Roadmap.
  • Well-researched & beautiful set of 5 books/ study material (delivered at your doorstep!)
  • Engaging lectures recorded and updated on Learning Glass technology
  • Exam focused & Extensive Practice of Past Papers
  • 15+ Live Webinars (Teachers solves questions)
  • 6 Mock Exams (1 Final, 1 Mid, 4 Fortnightly) are conducted and assessed.
  • Active WatsApp Groups for queries/ support. Committed cohort of learners
  • Access Anywhere, Anytime with best preparation strategy, content & support!

DURATION:

  • 100 Hours i.e. Recorded (75 hours) + Live (25 hours)

INSTRUCTOR

Hasnain Badami - TSB Education

Hasnain R. Badami

Hasnain Raza Badami is a qualified Chartered Accountant with cumulative experience of 11+ years in the profession. He also holds a master’s degree in Philosophy – with critical thinking as his area of research interest. His particularly versatile academic background from humanities and business is what makes his classrooms a thoroughly intriguing experience.

Hasnain believes in learning through experience and stories. His real life stories come from his equally diverse experience working in large local and multinational organisations, as well as from training professionals, teachers, and students. More specifically, he has worked with Ernst & Young (Karachi, Dubai and Jeddah offices) and also with Internal Audit function at Engro Polymer before he finally quit Engro to pursue his passion for learning and development work. Presently, he is the co-founder and Director of Ingenium Business solutions that is working in leadership, finance, and digital learning space.

COURSE CURRICULUM

Planning & Risk Assessment

  • ISA 200, Overall Objectives of the Independent Auditor and the Conduct
  • ISA 300 Planning an Audit of Financial Statements
  • ISA 315 Identifying and Assessing the Risks of Material Misstatement
  • ISA 240, The Auditor’s Responsibilities Relating to Fraud in an Audit oFinancial Statements
  • ISA 320 Materiality in Planning and Performing an Audit

Audit Execution/ Responding to Risk

  • ISA 330 The Auditor’s Responses to Assessed Risks
  • ISA 450 Evaluation of Misstatements Identified during the Audit

Reporting Standards

  • ISA 705, Modifications to the Opinion in the Independent Auditor’s Report
  • ISA 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
  • ISA 570, Going Concern
  • ISA 701 Key Audit Matters
  • ISA 700, Forming an Opinion and Reporting on Financial Statements
  • Different Types Of Audit Reports In Standards
  • ISA 560, Subsequent Events
  • ISA 510, Initial Audit Engagements—Opening Balances
  • ISA 710, Comparative Information—Corresponding Figures and Comparative Financial Statements
  • ISA 720, The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements
  • ISA 800, Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
  • ISA 805, Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
  • ISA 810, Engagements to Report on Summary Financial Statements

Review Standards

  • ISRE 2400 Engagements to Review Financial Statements
  • ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity

Related Services

  • 4400 Engagements to Perform Agreed-Upon Procedures (AUP) Regarding Financial Information
  • 4410 Engagements to Compile Financial Information

Assurance Engagements Other than Audits or Reviews of Historical Financial Information

  • ISAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information
  • ISAE 3400 The Examination of Prospective Financial Information
  • ISAE 3402 Assurance Reports on Controls at a Service Organization
  • ISAE 3420 Compilation of Pro Forma Financial Information Included In Prospectus

Other Standards Containing Specific Requirements

  • ISA 210, Agreeing the Terms of Audit Engagements
  • ISA 220 Quality Control for an Audit of Financial Statements
  • ISA 230 Audit Documentation
  • ISA 250, Consideration of Laws and Regulations in an Audit of Financial Statements
  • ISA 260, Communication with Those Charged with Governance
  • ISA 265, Communicating Deficiencies in Internal Control to Those Charged with Governance
  • ISA 402 Audit Considerations Relating to an Entity Using a Service
  • ISA 500, Audit Evidence
  • ISA 505, External Confirmations
  • ISA 520, Analytical Procedures
  • ISA 530, Audit Sampling
  • ISA 540 Estimates
  • ISA 550, Related Parties
  • ISA 580 Written Representations
  • ISA 600, Special Considerations—Audits of Group Financial Statements
  • ISA 610 Using the Work of Internal Auditors
  • ISA 620 Using the Work of an Auditor’s Expert

Code of Ethics

  • Code of Ethics for Chartered Accountants 2019 (NEW)
  • ISQC and ISA 220
  • Anti-Money Laundering

Miscellaneous

  • Due dilligence
  • Companies Act 2017 Sections and
  • Other sections and local law reports covered in ICAP syllabus

KEY INFORMATION

  • Live Orientation Session: 5th July 2020.
  • Course fee includes a comprehensive set of companion books i.e. notes and question bank. e-book in pdf form will be available.

FAQs

Q1. What is the duration of course?

A. We offer two batches for every attempt. Batch 1 is a six-months course which begins 9 months before exams and is completed at least 2 months before exams to give ample time to students for self-study. Batch 2 is a four-months course which begins 6 months before exams and is completed at least 30 days before exams.

Q2. Which batch is better for me?

A. Batch 1 is recommened as it gives you more time to study and spaces out the content. Study plans are divided in 6 months so its always better. However, for students who plan to begin 6 months before their planned attempt/ exam Batch 2 is very valuable too as its very manageable. You can make your choice based on your circumstances.

Q3. Do you also offer a crash course?

A. Yes we do. We offer a 2 months crash course which starts exactly 3 months before exams. Crash course covers 60 – 70% of syllabus and only major/important topics.

Q4. Which standards are applicable in exams?

A. 2017-2018 Standards

Q5. Do we have live sessions?

A. Yes, we do have live sessions which happens on a fortnightly basis. You can raise queries, interact with faculty, seek guidance via live zoom webinars. Students generally love it as its quite effective. Recent past papers would be solved with you by the faculty so you can observe the approach and process of solving the questions. Two to three months before exams, these live sessions begin to happen on a Weekly Basis.

Q6. Till what date do I get access to the course when I subscribe?

A. You can access the course till your exam date, which means that access will expire on the date of your exam.

Q7. Number of hours of course?

A. 70-80 hours

Q8. Are these downloadable lectures? Do we need internet connection?

A. Video lectures cannot be downloaded, infact it is strictly prohibited to download them. You can access video lectures online anywhere, anytime from our Learning Management System (LMS). Internet connection is also required to access the course.

Q9. Is it uploaded on a weekly basis or we have full course available to us when we subscribe?

A. The course is a fully guided one. Video lectures are uploaded on monthly basis with precise Weekly Study Plans. e.g. at the start of every month, you get 4 weeks of lectures.

Q10. I want to take the course now but I will attempt in the attempt next to my batch I enrolled in. For example, I have subscribed to June 202X batch but I would attempt in Dec 202X. Can I get an access till the date of my exam in Dec 202X?

A. Using your example, the course will expire on June 202X. However, if you want an extended access, you can pay additional 50% of course fee and take further six months access.

Q11. Which books are best suited for practice along with this course?

A. The course pack includes a comprehensive set of notes/ study manual and question bank for practice. Question bank is prepared by TSB team under faculty’s supervision using wide variety of resources from ACCA, ICAEW, ICMA, ICAP, Other Professional Resources, etc.

Q12. Would I receive books along with this course?

A. Your course fee includes hard copy companion books that will be delivered to your address provided without any hassle. All e-books will also be available with your course and you can download/ use them with these lectures.

Q13. Can I order only books without subscription to the course?

A. Yes, of course you can. Our books are popular among students all over Pakistan. However, please note that these books primarily serve as companion material to the course and they are at best effective with the lectures and faculty guidance.

Q14. How and when would I receive these books in hard copy?

A. All course material will be delivered to you within 5 working days. Once you’ve enrolled to the course.

Q15. How would I be able to connect with the faculty till our exams?

A. You always stay connected with us via a very effective WhatsApp group and live webinars. You will also be able to benefit from Faculty Support Specialist.

Q16. Can we share our user ID and password to our friends or if I download content for later reference or sharing to my friends? Is that allowed?

A. Very good and important question. Sharing of User ID, Passwords, downloading of lectures, screenrecording is very strictly prohibited. All our courses are copyrighted protected under Copyrights Laws and sharing / downloading of content could result in legal repurcussions. See our privacy policy

Q17. I am financially constraint and need some financial assistance from TSB Education, how can I be facilitated?

A. TSB Education is known to stand by its students and facilitate them in whatever way it can. We are a principled organisation committed to the cause of education. if you need our support, please fill out this simple Financial Assistance form and our representative will reach out to you to take the process forward.

Q18. Why TSB Education is offering courses in USD to students who are located out side Pakistan/abroad?

A. Our courses of ACCA and CA are taken by students all over the world i.e. more than 25 countries and 40 cities. Our prices are set keeping in view international prices. However, you’ll find them below our accounting international competitors but as we are a Pakistani organization, so for students residing in Pakistan our prices are at specially reduced rates. You may notice that our prices are not reduced for India and Bangladesh or any other comparable country but only for students residing in Pakistan as we understand paying in US Dollars is expensive for them. Moreover, it is much less than the classroom cost and they save logistics cost too. As for local price comparison, it is suggested to compare our prices with the value you receive. Our courses are of premium quality (you may visit our fb page, YouTube channel, take trial to experience our platform or better ask your friends) and maintaining it to international professional standards take heavy costs at our end.

29 reviews for CFAP 6 – Audit, Assurance and Related Services

  1. Ateeq

    Short videos with topic names and study plan is devised very perfectly. ( June 2020)

  2. Saad Sheikh

    3. The way teacher taught seems like the same way we study in physical class. Like he’s talking live to students sitting in front of him. (June 2020)

  3. Rahman

    Practical example really helped in understanding difficult concepts and breaking complex situations in bits and parts for explanation is quite useful (June 2020)

  4. Aamir

    Sir Hasnain Badami’s style of teaching is so impressive, interaction was quite good, you get feedback on each query. (Dec 2020)

  5. Mohsin khan

    I achieved my long due qualification just because of TSB (CFAP 6). A good initiative, especially for those who are in different locations and badly need refreshers to pass their papers. hope this form of learning will be replicated to other subjects. (Dec 2020)

  6. Shama

    Sir Hasnain Badami Contributed a great value for preparation of exams and live sessions were very helpful for concept clearity ….. best teaching stategy and highly recommended… you are great sir 😇☺️ (June 2019)

  7. Rehan

    Teaching style of Hasnain Badami is too good.
    Innovative platform and ease of access to online lectures at the portal whenever you want.
    Comprehensive course coverage is and exam techniques are given to pass it.

  8. Malik Adnan

    The best Online Institute so far. Interactive Teaching Methods, Course Preparation, Exam Focused Techniques and Teachers’s Capabilities are very helpful. Highly recommended to anyone interested in taking CA courses online.

  9. Faizan Ahmed

    The linkage of the syllabus with exam questions was most useful & valuable.

  10. Rahman

    Practical example really helped in understanding difficult concepts and breaking complex situations in bits and parts for explanation is quite useful

  11. Saad Sheikh

    The way teacher taught seems like the same way we study in physical class. Like he’s talking live to students sitting in front of him.

  12. Ateeq

    Short videos with topic names and study plan is devised very perfectly.

  13. moveezman

    I wish I knew about this sooner. Absolutely outstanding quality and delivery method. No other institute of CA in Pakistan comes close to this. Thank you for keeping me sane while studying Reporting.

  14. sadiaabbas129

    I have taken a free trial session for June 20 attempt and found it very helpful in building my concepts and understanding about subject. Previously i am very much confused about what to study and how to prepare for exam , but after this session i am pretty sure that it helps alot in passing the exam and my dream to become a Qualified from CA Finalist

  15. Shiza

    Sir Hasnain Badami can be recognized as the best teacher of Audit, Assurance & related services (CFAP-06). The main advantage at TSB is the ease of classes which can be taken at anytime (24/7), the course material is provided at home, regular interaction with the teacher, course content specifically defined with each class planned.

  16. Aamir

    Sir Hasnain Badami’s style of teaching is so impressive, interaction was quite good, you get feedback on each query.

  17. Kamran Gul

    TSB Education is the platform where I can prepare for my Audit paper online from the best teacher, Mr. Husnain Badami. I am very happy and curious to start my course.

  18. Arslan

    Great Teacher for CFAP-06.

  19. Sumair Ahmad

    I Have only CFAP 6 paper left for qualifying CA and heard a lot from the friends about the TSB education for CFAP 6 teaching. It was a wonderfull experience learning with TSB Education.

  20. Imran Sheikh

    I strongly recommend taking an online class of AARS from TSB Education.

  21. Muhammad Shoaib Bawany

    First of all, I would like to thank ALLAH to give Sir Husnain as a teacher who does not help their students only by sharing their exam tips for CFAP-06 Advanced Audit and Assurance but also by uplifting demotivated students like me.

  22. Muhammad Nawaz

    It is a good effort by Sir Husnain Badami to prepare the students conceptually, thinking logically, and improving their drafting skills in their exams.
    Highly recommended for CFAP-6. It is essential for those who failed in the exam but still unable to find out the reasons of their failure.

  23. Tariq Mehmood

    Wow Awesome.

  24. Ihsan Baig

    Highly recommendable for CFAP 6, Badami Sir has exceptional teaching skills and has an ability to instill clarification of core auditing concepts. I was left with A-Audit to qualify, and TSB helped me to achieve the milestone of CA in very first attempt.

  25. Shamsa Munawar

    Sir Hasnain Badami Contributed a great value for preparation of exams and live sessions were very helpful for concept clarity ….. best teaching strategy and highly recommended… you are great sir

  26. Vyshal Kumar

    I am glad that I took this hard decision of taking regular classes from TSB for CFAP 6, especially when every other person was recommending the different options.
    I must say that these people have come up with a breakthrough. They have designed the entire course keeping in mind the minute details which are extremely helpful!
    Everything is there; you name it you have it.
    Those who think who might get bored while taking online lectures are wrong. This is different.
    Save your time guys.

  27. Umair

    First of all, let me thanks to Sir Hasnain Badami for the wonderful result of Audit-CFAP.
    I passed this paper by taking online classes of Sir, and I strongly recommend the students to get enrolled, as it is flexible, less costly, option to rewind, no travelling required and so on.
    Further, personal attention of Sir Hasnain via WhatsApp group and live sessions gave the touch of physical classes and created the competition among the students which is very useful to pass such a difficult paper.
    Last but not least, Sir has tremendous grip on the subject and he is able to convey how to write the answers in the exams.

  28. Mohsin Khan

    I achieved my long due qualification just because of TSB (CFAP 6). A good initiative, especially for those who are in different locations and badly need refreshers to pass their papers. hope this form of learning will be replicated to other subjects.

  29. Annie Hassan

    An amazing initiative by Hasnain Badami and team. It’s really a blessing for those who cannot take classes.
    Qualified and experienced teachers along with a 24/7 WhatsApp support group facilitates the learning process and helps with exam preparation.

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