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Audit exam tips

Aman Gupta (student) (68 Points)

16 November 2013

how to get 75+ marks in audit? pls guide..

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3 Replies

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 16 November 2013

Please do not fix target of 75 marks. As per my understanding you should go for thorough study of the subject. By doing this you’ll get two way benefits which are as under:

You will be knowledgeable person as far as depth of audit subject and its processes are concerned which will help you in your professional life.
You will get good marks in exam. (May be more than 75)

You are requested to consider above opinion. Rest is your decision and I wish you all the best.

Ankur

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 16 November 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.

All the Best and Regards