Audit Masterclass - Statutory Audit Practical Training
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Audit Masterclass

Become Industry ready in Statutory Audit domain and Join top firms

35+ Hrs Hands-on Practical Training
15+ Detailed Audit Workpapers
5+ Statutory Audit Case Studies
Register Now @ ₹3499/- ₹9999
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Key Highlights

35+ Hours Video-Lectures Statutory Audit Course

5+ Case Studies Statutory Audit client case studies

15+ Work Papers Comprehensive statutory audit deliverables

8+ Hrs Excel training Get Training for Basic and Advance Excel

Interview Guidebook 30+ Interview Q&A's On Statutory Audit

Evaluation MCQ-Based evaluation for statutory audit

Register Now @ ₹3499/- ₹9999

Our Experienced Faculty

CA Archit Agarwal
CA Archit Agarwal
10+ yrs of Experience |

A former Deloitte professional with 10+ years of experience, founder Thinking Bridge and who has trained over 60,000+ learners in finance domains like Statutory Audit. As a partner at a leading New Delhi firm, he has led audits and consulting for listed companies, top banks, and PSUs. A specialist trainer in Statutory Audit.

As a partner at a leading New Delhi firm, he has led audits and consulting for listed companies, top banks, and PSUs. A specialist trainer in Statutory Audit.

Worked With

Register Now @ ₹3499/- ₹9999
Session Plan

  • Purpose of Audit and Financial Statements
  • Flow of Audit in 6 Steps
  • Walkthrough and Control Testing
  • Audit Materiality and Performance Materiality Calculation

  • Dive into the world of built-in MS Excel functions.
  • Learn essential MS Excel skills including Importing text file to excel, text to column function, basic navigation & formatting, Paste Special commands,
  • Absolute referencing, relative referencing, logical functions, Filtering & use cases, Linking, Tracing Dependents & Precedents, Transpose function

  • Learn range of tools including Move and Copy, Duplicate Values, Concatenate, VLOOKUP, and Pivot Tables for multi-dimensional analysis, Pareto Analysis.
  • Create various charts such as bar graphs, histograms, pie charts, Line Diagrams, 2 Variable Charts etc.

  • Learn Advance MS Excel features like: PV calculation, Goal Seek, Scrollers, Macros,
  • Power Query, Power Pivot, Subtotal, Sum if, Count if, Index & Match function
  • Hlookup, Xlookup, Data validation, Conditional Formatting, Nested If, Slicers etc.
  • Create dynamic excel dashboard using Bar chart, Histogram, Line Diagram, Pie Chart & Slicers

  • Converting Raw Data to Excel using Chat GPT and AI, Data Structuring and Cleaning using AI, Variance and Ratio Analysis using AI
  • Creating MIS Reports through AI, Understand Complex Formulas with AI
  • Combining Multiple Sheets using Power Query and AI, Using Power Bi to automate work and Pull Data from Web
  • Creating Macros and Custom Formulas through AI and Embedding them Permanently for Automation

  • Overview and Components of Cash & Cash Equivalents (CCE)
  • Directional Risk, Assertions, Walkthrough of Cash & Cash Equivalents, Risk of Material Misstatement (ROMM) and Control Testing of CCE
  • Satyam Case Study- The Financial Fraud that shook India Inc.
  • Substantive Testing- Bank and BRS Testing, Fixed Deposits, Testing Marketable Securities etc.

  • Overview and Components of Expenses
  • Directional Risk, Assertions, Walkthrough Analysis, Risk of Material Misstatement (ROMM) and Control Testing of Expenses
  • Analytical Testing Procedures and Ageing Analysis of Expenses and Creditors
  • Propriety Testing of Business Expenses
  • Substantive Testing of Operating Expenses- Traveling Expenses, Legal & Professional Expenses, Repairs & Maintenance etc.

  • Overview and Components of Revenue
  • Directional Risk, Assertions, Walkthrough Analysis, Risk of Material Misstatement (ROMM) and Control Testing of Revenue and Debtors
  • IND AS 115 and Revenue Recognition Case Studies
  • Credit Notes and Sales Returns
  • Test of Details and Analytical Procedures on Sales Registers, Contracts, Invoices, Debtor Ageings, Confirmations etc.

  • Overview and Components of Property, Plant and Equipment (PPE)
  • Directional Risk, Assertions, Walkthrough Analysis, Risk of Material Misstatement (ROMM) and Control Testing of Fixed Assets, Inventory and Share Capital
  • FAR to FA Schedule to GL – 3 Way Match
  • Test of Details and Analytical Testing of FA Additions, Deletions, Depreciation Recalculation, Title Deeds etc.
  • Physical Verification and Valuation of Inventory- Floor to Sheet and Sheet to Floor Testing, Case Studies of Inventory Frauds
  • Share Capital Testing from ROC Verification

  • Overview and Components of Payroll Expense
  • Directional Risk, Assertions, Walkthrough Analysis, Risk of Material Misstatement (ROMM) and Control Testing of Payroll
  • Detecting Ghost (Fake) Employees, Case Study of Manpasand Beverages
  • Substantive Procedures- Payroll Register and Attendance Verification, Head Count and Test of Details, Additions, Deletions, Salary Analytical, Actuarial Testing etc.

  • Overview and Components of Borrowings and Interest Expense
  • Directional Risk, Assertions, Walkthrough Analysis, Risk of Material Misstatement (ROMM) and Control Testing of Borrowings and Finance Cost
  • Loan Agreement and Covenant Testing
  • Substantive Testing- Verifying Loan Amortisation Schedules and Repayments, Interest Expense and Outstanding Interest Computation, Confirmations, Loan Reco., Convertible Instruments etc.
  • Prepaid Expenses and Amortisation Schedules Recalculation and Verification, Impairment Indicators and Testing

  • Provisions for Expenses – Conditions for Recognising Provisions, Checking Estimates, Movements and Balances for Substantive Testing
  • Verification of Security Deposits from Agreements, Confirmations and Party-wise Schedules
  • Statutory Dues Verification
  • PNB Nirav Modi Case Study and Contingent Liabilities Checking
  • Capital Commitments & Off- Balancesheet Items Verification
  • Checking Secretarial Records and JV Testing

  • Analytical Procedures at Financial Statements Level
  • Variance Analysis and Ratio Analysis
  • Reasonablesness Testing and Sense Check
  • Deep Dive into Abnormalities & Unusual Variances

  • HUL Case Study
  • Learning Top- Down Audit Testing Approach
  • Identification of Diversion of Funds and Siphon Off Cases
  • Checking Vendor Kick Backs

  • Creating Audit Report with KAM and other Paras
  • Types of Audit Opinions
  • CARO and Internal Financial Controls (IFC) Reporting
  • Latest CARO and Schedule III Reporting Requirements
  • Learning RCM (Risk Control Matrix)

  • Types of Loan Facilities
  • Types of Bank Audit
  • IRAC Norms of RBI
  • NPA Testing of Term Loans, Cash Credits etc.
  • DP Calculation from Stock Statements and Other Bank Audit Aspects

  • IND AS 109- Discounting and Fair Value Computation Practically
  • Trade Receivables - Expected Credit Loss Matrix Calculation
  • IND AS 116- Leases Computation and Accounting
  • ROU and Lease Liability Recognition and Amortisation

  • Preparation of Complete IND AS Financial Statements in Excel for Listed Entities
  • Preparation of Profit & Loss, Balance Sheet, Cash Flow Statements, Notes to Accounts with Explanatory Information from Trial Balance and Formatting as per Latest Schedule III
  • Disclosure Requirements and Notes to Accounts as per respective IND AS

  • Revision of Complete Course Module
  • IL&FS Case Study
  • Interview Guidance and Resume Formation
  • Certificate of Completion
  • Revision Manual and Interview Guidebook

  • MCQs Based Exam Online - Practical Exam based on Course Module

Who should Join:

  • User Icon Chartered Accountants
  • Graduate Icon Commerce Graduates
  • CA Icon CA Aspirants & Semi Qualified CAs
  • ACCA Icon ACCA Aspirants & ACCA Professionals
  • CS Icon CS & CMA Aspirants Who Want to Start Career in Statutory Auditing
  • Career Icon Any person looking to start a career in Statutory Auditing
Register Now @ ₹3499/- ₹9999

Completion Certificate

Certificate

A Certificate of Completion of Statutory Audit Course along with Mark-sheet based on the performance will be awarded to each candidate for Statutory Audit Masterclass.

Register Now to Get the Certificate

What Will You Learn

Excel
Application

  • Excel Application on real data.
  • Learn Pareto Analysis for Statutory Audit.

Materiality
Computation

  • Learn to calculate Performance Materiality, Overall Materiality and CTT in Statutory Audit

Sampling
Table

  • Extract Samples with the help of sampling table, PM and Control Testing Results for Statutory Audit

Case
Studies

  • Analyse & explore all real life audit case studies like Satyam, ILFS, PNB-Nirav Modi

Self Explanatory
Workpapers

  • Document all statutory audit procedures & create self explanatory workpapers

Apply Substantive
Procedures

  • Test of Details (TOD) & Analytical to check audit assertions in Balance Sheet

Fake/Ghost
Employees

  • Detect Fake/Ghost employees, check biometric records in payroll audit testing of Statutory Audit

Auditor's
Third-Eye Deal

  • Learn how to use the auditor's third-eye to detect Financial Misstatements in Statutory Audit

Analytical
Procedures

  • Apply Analytical procedures by drawing Macro level Expectations in Statutory Audit

3-Way
Match

  • Perform 3-way match between FAR, Fixed Assets Schedule and Trial Balance in Statutory Audit

Variance
Analysis

  • Learn to perform variance analysis and compute financial ratios for Statutory Audit testing

Detect
Fund Diversion

  • Learn how to detect funds diversion and funds siphoning in Statutory Audit Masterclass

What Participants say

CA Mamta Jangra

CA Mamta Jangra

Recently I have joined Adani Group as an Assistant Manager. Thinking Bridge courses helped me in preparing for my interview. It helped me to phrase my interview answers.

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CA Jeevesh Wadhwa

CA Jeevesh Wadhwa

Thinking Bridge courses are 100% practical. They helped me in cracking Big 4 Interviews. Live mentoring sessions taken by faculties helped in answering career-related queries.

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Mukuljeet

CA Mukuljeet

When I heard about Thinking Bridge courses, I didn't think twice & took the course. It was one of the best decisions I've ever taken. It really helped me in getting placed in PWC.

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Mayank Sharma

Mayank Sharma

This course gave me immense practical insights. It not only helped me in getting an edge in interview but also helped in dealing with case based & practical questions.

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Sakshi Gupta

CA Sakshi Gupta

I am a CA by profession. I have been placed in PWC India. This course gave me a perspective as to how work is done in Big 4s & Top firms. It was a very insightful course.

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Gursaheb Singh

Gursaheb Singh

Thinking Bridge helped me to master the important formulas of excel and their practical implications. The course help me to revise whole concepts in very less hours.

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Bonuses Worth ₹15000

12+ Free Technical Sessions

Worth ₹3000/-

FREE

50+ Interview Resources

Worth ₹3000/-

FREE

Mentorship From Industry Experts

Worth ₹4000/-

FREE

Lifetime Free Placement Assistance

Worth ₹5000/-

FREE
Register Now @ ₹3499/- ₹9999

Demo Sessions of Statutory Audit

Validity of Statutory Audit Masterclass

120 Days from the date of Enrolment

FAQs

Yes. All concepts have been taught from very basics. No prior knowledge is required. The course is designed to build strong, practical skills from the ground up.

You can complete it in 15–30 days with consistent effort.

You can post your queries on Discussion forum, our faculties reply regularly on the forum. Also, live sessions are conducted by faculties on regular basis.

Yes. The course is designed to make you "industry-ready" and increase your chances of placement in top firms. Many alumni are already placed at firms like Deloitte, KPMG, EY, PwC, Infosys, Accenture, HDFC Bank, and more.

It’s 100% practical — you’ll prepare audit workpapers and work on real client data, not just read theory.

Yes. The flexible, self-paced model fits around your work schedule.

Yes, you’ll work through real case studies and assignments designed to simulate client audits.

Definitely. Adding the Audit MasterClass Certificate to your LinkedIn strengthens your audit and finance profile.

Ready to Master your Audits?

Register Now @ ₹3499/- ₹9999

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