PAC CAF 08 A Handbook of Audit and Assurance Essentials 6th Edition

📘 Title Name: PAC CAF 08 — A Handbook of Audit and Assurance Essentials (6th Edition)
📚 As Per: ICAP Education Scheme 2025
🏢 Publisher: PAC (Professional Academy of Commerce)

🔹 Introduction

PAC CAF 08 – A Handbook of Audit and Assurance Essentials (6th Edition) is a comprehensive and student-focused guide designed according to the ICAP Education Scheme 2025. This handbook delivers core audit and assurance concepts with practical explanations, exam-focused guidance, and real-world examples. With clear language, step-by-step concepts, and past paper coverage, it serves as an essential learning tool for CAF students aiming to master audit fundamentals and excel in ICAP exams.

🔑 Key Points

• Covers essential audit & assurance concepts aligned with ICAP's 2025 syllabus

• Step-by-step audit process including planning, risk assessment & evidence collection

• Practical approach to internal control testing & audit sampling

• Clear coverage of test of controls & substantive procedures

• Special focus on key audit areas: assets, liabilities, revenue & related parties

• Includes ethics & professional behavior as per ICAP codes of conduct

• Covers audit finalization, reporting & post-audit evaluations

• Includes sustainability & review engagements as per modern audit trends

• ICAP Past Paper Autumn 2025 included for real-exam practice

• Authored by PAC faculty ensuring accuracy & exam relevance

🕌 Conclusion

This handbook is the ultimate study companion for CAF students preparing for Audit & Assurance under the ICAP scheme. With syllabus-aligned content, updated audit methodologies, and exam-focused practice, it equips learners with conceptual strength and exam-handling confidence. A must-have for every future chartered accountant.

🧾 Table of Contents