UPSC EPFO APFC 2026 Audit & Insurance is a focused preparation guide for aspirants who want to build strong conceptual understanding and practice exam-oriented questions in two important areas of the Special Subject syllabus: Audit and Insurance.

This book combines clear theory with 300 carefully designed practice MCQs on Audit and 300 practice MCQs on Insurance, making it suitable for both concept building and intensive revision.

What You’ll Find Inside

AUDIT THEORY

Meaning, nature and objectives of auditing
Types of audit
Auditor: qualifications, appointment, rights and duties
Verification and valuation of assets
Vouching and audit evidence
Audit reports and types of opinions
Internal, cost, secretarial, tax, information systems and performance audit
Companies Act-related concepts and professional responsibilities

INSURANCE THEORY

Evolution and development of insurance in India and globally
Meaning, nature, functions and usefulness of insurance
Types and classification of insurance
Principles of utmost good faith, insurable interest, indemnity, contribution, subrogation and proximate cause
IRDAI and the regulatory framework
Life insurance and LIC
General insurance and GIC
Insurance and economic development
PFRDA and pension-related concepts
Important government insurance and social-security schemes
600 Practice MCQs

The practice section contains:

300 Audit MCQs + 300 Insurance MCQs

Questions are designed around:

Conceptual understanding
Statement-based questions
Application-oriented situations
Acts and regulatory provisions
Important institutions and schemes
Fact-based revision
UPSC-style conceptual traps
Detailed explanations for learning from every question

This book is particularly useful for UPSC EPFO APFC 2026 aspirants, while also being relevant for candidates preparing for other competitive examinations where Auditing, Insurance, Labour/Social Security and financial-sector concepts are tested.

Build concepts. Test yourself. Identify weak areas. Revise strategically.

Important Note

This book is designed as an exam-preparation resource and should be used alongside the latest official notifications, syllabus, legislation, regulations and government sources wherever applicable.