CA CFAP-06 Audit, Assurance and Data Volume 1 2nd Edition by Muhammad Asif (FCA)

CA CFAP-06 Audit, Assurance and Data – Volume 1, 2nd Edition Winter 2026 by Muhammad Asif (FCA) is a comprehensive study resource designed for students preparing for the ICAP CFAP-06 Audit, Assurance and Data examination under the New Education Scheme 2025. Published by Crescent College of Accountancy, this edition focuses on International Standards on Auditing (ISAs), assurance standards, professional requirements, audit risk, data analytics, internal controls, audit reporting, ethics, and quality management.

The book provides ISAs, concise summaries, and practical application guidance, making complex auditing concepts easier to understand and apply in examination scenarios. It covers the major syllabus grids and important standards prescribed for CFAP-06.

📘 Key Features

• CA CFAP-06 Audit, Assurance and Data – Volume 1
• 2nd Edition – Winter 2026
• Prepared according to the New Education Scheme 2025
• Written by Muhammad Asif (FCA)
• Published by Crescent College of Accountancy
• Covers ISAs, summaries and application guidance
• Comprehensive coverage of audit planning, risk assessment and audit evidence
• Includes data analytics and cyber-risk considerations
• Covers audit conclusions, reporting and specialized assurance engagements
• Includes professional ethics, quality management and ICAP requirements
• Useful for CA CFAP-06 exam preparation and revision

📚 Detailed Syllabus Coverage

Grid A – Accounting & Audit of Historical Financial Information

Planning, Risks and Performance – Weightage: 40–50 Marks

This section covers important auditing standards and concepts, including:

• ISA 200 – Overall Objectives of the Independent Auditor
• ISA 210 – Agreeing the Terms of Audit Engagements
• ISA 230 – Audit Documentation
• ISA 240 – Auditor’s Responsibilities Relating to Fraud
• ISA 260 (Revised) – Communication with Those Charged with Governance
• ISA 265 – Communicating Internal Control Deficiencies
• ISA 300 – Planning an Audit of Financial Statements
• ISA 315 (Revised 2019) – Identifying and Assessing Risks
• ISA 320 – Materiality
• ISA 330 – Auditor’s Responses to Assessed Risks
• Significant audit risks and cyber risks
• Data analytics tools and their application
• Internal controls and cyber security
• ISA 500 – Audit Evidence
• ISA 501 – Audit Evidence: Specific Considerations
• ISA 505 – External Confirmations
• ISA 510 – Initial Audit Engagements
• ISA 520 – Analytical Procedures
• ISA 530 – Audit Sampling
• ISA 540 (Revised) – Auditing Accounting Estimates
• ISA 450 – Evaluation of Misstatements
• ISA 600 (Revised) – Group Financial Statements
• ISA 610 (Revised) – Using the Work of Internal Auditors
• ISA 620 – Using the Work of an Expert
• ISA 250 (Revised) – Laws and Regulations
• ISA 570 (Revised) – Going Concern
• ISA 550 – Related Parties
• ISA 580 – Written Representations
• ISA 560 – Subsequent Events
• ISA 402 – Service Organizations
• Relevant IFRS topics included in the CFAP-01 syllabus

Grid B – Audit Conclusions & Reporting

Weightage: 15–25 Marks

Covers:

• ISA 700 (Revised) – Forming an Opinion and Reporting on Financial Statements
• ISA 701 – Key Audit Matters
• ISA 705 (Revised) – Modified Opinions
• ISA 706 (Revised) – Emphasis of Matter and Other Matter Paragraphs
• ISA 710 – Comparative Information
• ISA 720 (Revised) – Other Information

Grid C – Specialized Areas & Other Assurance Services

Weightage: 15–20 Marks

Includes:

• ISA 800 (Revised)
• ISA 805 (Revised)
• ISA 810 (Revised)
• ISRE 2400
• ISRE 2410
• ISAE 3000
• ISAE 3400
• ISAE 3402
• ISAE 3410
• ISAE 3420
• ISRS 4400 (Revised)
• ISRS 4410

Grid D – Ethics, Quality Control & Professional Requirements

Weightage: 15–20 Marks

Covers:

• Code of Ethics for Chartered Accountants
• Revised ISQM 1
• ISQM 2 – Engagement Quality Reviews
• ISA 220 (Revised) – Quality Management for an Audit
• ICAP Quality Control Framework
• Quality Assurance Board of ICAP
• Audit Oversight Board
• Chartered Accountants Ordinance, 1961 – Chapter VA and relevant Schedules

👨‍🏫 About the Author

Muhammad Asif, FCA is a Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP). He completed his articles from a firm in Lahore in 2008 and qualified as a Chartered Accountant in the same year. He subsequently worked at managerial level in the same firm before adopting teaching as a full-time profession in 2009.

🎯 Who Should Buy This Book?

This book is ideal for:

• CA CFAP-06 students
• ICAP Chartered Accountancy aspirants
• Students following the New Education Scheme 2025
• Candidates preparing for Audit, Assurance and Data
• Students looking for summarized ISAs and application guidance
• Candidates revising audit standards, assurance engagements, ethics and professional requirements

CA CFAP-06 Audit, Assurance and Data Volume 1 – 2nd Edition Winter 2026 is a valuable preparation and revision resource for candidates aiming to strengthen their understanding of auditing standards, assurance, data analytics, professional ethics and ICAP requirements under the 2025 education scheme.