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

Description

Prepare effectively for CA CFAP-06 Audit, Assurance and Data with Audit, Assurance and Data – Volume 2: The Practice Set (Past Papers) by Muhammad Asif (FCA), published by CRESCENT College of Accountancy. This 2nd Edition Winter 2026 is prepared according to the new education scheme 2025 and is designed to help CA students strengthen their exam preparation through focused practice and past examination questions.

📘 Product Overview

CA CFAP-06 Audit, Assurance and Data Volume 2 is a dedicated practice set covering important areas of auditing, assurance, ethics, quality management, professional requirements, and related standards. It is particularly useful for students preparing for the CFAP-06 examination under the 2025 education scheme.

The book provides practice-oriented coverage of the major syllabus grids, helping students test their understanding, improve answer-writing skills, and become familiar with the type and scope of questions expected in the examination.

Key Features

• Subject: CA CFAP-06 – Audit, Assurance and Data
• Volume: Volume 2
• Edition: 2nd Edition – Winter 2026
• Scheme: New Education Scheme 2025
• Format: The Practice Set (Past Papers)
• Author: Muhammad Asif (FCA)
• Publisher: CRESCENT College of Accountancy
• Designed for: CA students preparing for CFAP-06
• Focus: Past papers and exam-oriented practice
• Coverage: Audit, assurance, data analytics, ethics, quality management and professional requirements

📚 Comprehensive Syllabus Coverage

The book covers the major CFAP-06 syllabus areas, including:

GRID A – Accounting and Audit of Historical Financial Information

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

Topics include:

• ISA 200 – Overall objectives of the independent auditor
• ISA 210 – Agreeing the terms of audit engagement
• ISA 230 – Audit documentation
• ISA 240 – Auditor responsibilities relating to fraud
• ISA 260 (Revised) – Communication with those charged with governance
• ISA 265 – Communicating deficiencies in internal control
• ISA 300 – Planning an audit
• ISA 315 (Revised 2019) – Identifying and assessing risks of material misstatement
• ISA 320 – Materiality
• ISA 330 – Auditor 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 – Specific considerations for selected items
• ISA 505 – External confirmations
• ISA 510 – Initial audit engagements and opening balances
• ISA 520 – Analytical procedures
• ISA 530 – Audit sampling
• ISA 540 (Revised) – Accounting estimates and related disclosures
• ICT processes and controls
• ISA 450 – Evaluation of misstatements
• ISA 600 (Revised) – Group financial statements
• ISA 610 (Revised 2013) – 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 included in the CFAP-01 syllabus

GRID B – Audit Conclusions and Reporting

Weightage: 15–25 Marks

Includes:

• ISA 700 (Revised) – Forming an opinion and reporting
• 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) – Auditor responsibilities relating to other information

GRID C – Specialized Areas, Assurance Engagements & Related Services

Weightage: 15–20 Marks

Coverage 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 – Ethical, Quality Control & Professional Requirements

Weightage: 15–20 Marks

Includes:

• Code of Ethics for Chartered Accountants
• Revised Code of Ethics 2024
• ISQM 1
• ISQM 2
• ISA 220 (Revised)
• 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)

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. After qualification, he worked at managerial level in the same firm for more than a year before adopting teaching as a full-time profession in 2009.

His professional and teaching experience makes this book a valuable resource for CA students seeking focused preparation for the CFAP-06 examination.

🎯 Who Should Buy This Book?

This book is ideal for:

• CA students preparing for CFAP-06
• Students following the New Education Scheme 2025
• Candidates appearing in upcoming CFAP-06 examinations
• Students looking for past-paper practice
• Candidates who want to strengthen audit and assurance concepts
• Students preparing through an exam-oriented practice approach