10 September 2013
Let me tell you my way of studying Audit. This technique is also helpful for other theory papers.
Strategy to prepare Audit
QUICK READING APPROACH
First give ICAI audit study a quick reading to understand the depth and figure out the efforts and time required for final preparation. You would appreciate that through this quick reading you would be able to figure out where extra efforts are required in audit subject and plan accordingly.
Make necessary notes or put suggestions or mark strategy for yourself on the study book during first reading. This task helps you to deal with audit subject later on during final preparation. Pre-condition for this first study is --- go ahead for quick study with a completely relax and chilled mind. Your main purpose behind this quick study is observation and formation of a plan to deal with audit.
During first study ride prepare a plan for final preparation. Also use scanner for making the plan. Later on use any good notes to prepare. Remember at this moment you have everything in your mind like what is imp along with basic idea of the topic and chapter.
SPECIAL ATTENTION TO SA AND AS
Also give special attention to SA and AS. Only good knowledge of SA and AS is not enough but you must understand the technique to apply SA and AS in audit practical problems. For this purpose refer ICAI suggested answers and observe the application of SA and AS to the problem. Another benefit of this task is—it also helps you to understand SA and AS in a much better way.
The suggestion above is based on my personal understanding and may easily be rejected or accepted by you. In any case please share your feedback.
You are humbly requested to refer the links mentioned below for some useful notes and exam oriented suggestions and tips. I am sure these links will give you encouragement and idea about how to start preparation, tips for self study, name of reference books, tips for attempting theory and practical paper, tips for improving presentation skills and about everything you want to know.
I am sure these links contained the solution of all your doubts.
1. All my Exam tips in Caclubindia at one place --revised
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