Taxmann's ESSENTIALS Combo for Auditing & Ethics (Auditing) | CA Intermediate | Jan./May/Sept. 2026 Exams – Group II | Paper 5 | STUDY MATERIAL & CRACKER | October 2025 Edition | Set of 2 Books

ESSENTIALS Combo for Auditing & Ethics is a compact yet complete learning and practice solution for CA Intermediate – Group II | Paper 5. Designed for the January, May, and September 2026 Exams, this Combo brings together two complementary volumes—SELF-LEARNING STUDY MATERIAL and CRACKER (Past Exam Solved Papers)—to provide an integrated framework for concept mastery and exam performance. The STUDY MATERIAL simplifies statutory standards, ethical codes, and audit procedures into a concept-first, visually structured text that helps learners internalise principles with clarity. The CRACKER, on the other hand, converts this conceptual base into exam-readiness through systematic question mapping, case-based learning, and fully solved past papers. Together, they ensure a comprehensive understanding, continuous practice, and confident writing in the ICAI examination format.

The Present Publication is authored by CA. Pankaj Garg covering amendments up to 30^th September 2025, with the following noteworthy features:

• STUDY MATERIAL – Concept Builder
• Comprehensive & Updated Coverage – Incorporates latest changes in Company Law, Code of Ethics (2024), SQC 1, SA 220, CARO 2020, and Audit Report Standards
• Self-learning Framework – Logical sequencing and flowcharts for quick comprehension
• Pedagogical Tools – 'Quick Recap', 'Concept Check', and 'Practical Insight' boxes aid retention
• Exam-aligned Drafting – Concise, point-wise presentation for effective replication in exams
• Visual Aids – Comparative tables, diagrams, and flowcharts simplify complex standards
• CRACKER – Exam Practice Companion
• Exam-driven Design – Topic-wise & attempt-wise arrangement as per ICAI's question patterns
• Extensive Question Bank – ~700 descriptive questions, ~450 MCQs, and 73 case scenarios
• Solved Papers – Includes September 2025 Suggested Answers for the latest attempt
• Marks Analysis Tables – Chapter-wise weightage for quick prioritisation
• Comprehensive Coverage – From Risk Assessment to Ethics & Audit Engagements, with emphasis on practical application

The coverage of the Combo is as follows:

• Volume 1 – SELF-LEARNING STUDY MATERIAL
• A complete coverage of 11 chapters prescribed by ICAI:
• Nature, Objective & Scope of Audit
• Audit Strategy, Planning & Programme
• Risk Assessment & Internal Control
• Audit Evidence
• Audit of Items of Financial Statements
• Audit Documentation
• Completion & Review
• Audit Reports
• Special Audits
• Audit of Banks
• Ethics & Terms of Audit Engagements
• Each chapter integrates statutory provisions, auditing standards, and professional ethics into a logical and progressive learning sequence, supported by flowcharts, tables, and short conceptual summaries
• Volume 2 – CRACKER
• Part I – Descriptive Questions & Case Studies (~700 Qs) arranged topic-wise & attempt-wise
• Part II – MCQs & Case Scenarios (~450 MCQs + 73 case studies) with chapter-wise mapping
• Solved Paper – Sept. 2025 (Suggested Answers) included for self-evaluation

The structure of the Combo is as follows:

• Integrated Learning Flow – Start with conceptual clarity (Study Material), then apply through intensive practice (Cracker)
• Chapter Synchronisation – Both volumes follow the same ICAI chapter sequence for seamless reference
• Visual Continuity – Flowcharts illustrate linkages among auditing standards (SA 200–720 series)
• Progressive Complexity – From core theory → procedural audit → reporting → ethics
• Self-Assessment Sections – MCQs, case-based questions, and revision tables at the end of each chapter