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Audit preparation for CA Final

Ankit Rajput (student) (67 Points)

08 March 2012

hi guys i am appearing for ca final attempt in nov 12 and i want to know how to prepare for audit paper in totality;

i m taking any classes for audit paper .

so guide me how to prepare for it at home

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Vaibhav Jandey (Life iz Hard; I'm Harder) (1178 Points)
Replied 08 March 2012

Hi Ankit,

As you said you've joined classes for Audit, I think you wanted to say that you had not joined any classes; right ? Well if you've not joined then I would say don't go for the classes. Audit is a self study subject, and because of its theoritical nature it could be grasped only if you yourself giving it due time and attention.

For the study material; you refer some wholesome notes(may be any book in market or class notes of an expert faculty) along with practice manual provided by ICAI. In case of conflict with provisions look for the study module for the redressal.

Try to learn audit thoroughly because you are supposed to be an expert in the same, and keeping this thing in mind your answers will be valued in the exam. Go for giving a reference( e.g. SAs, ASs, IFRSs) in your answers as they depict your sound understanding and learning of the syllabi.

I think all above is enough....Please go through it; you'll never regret audit and your scoring a 70+ are higher if you gave in to these words.

All the Best

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Ankit Rajput (student) (67 Points)
Replied 08 March 2012

sorry dude its my mistake actually i haven't taken any classes for audit

Vaibhav Jandey (Life iz Hard; I'm Harder) (1178 Points)
Replied 08 March 2012

haan...I had got you already..

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RAMMOHAN MAARTHA (Ca final) (41 Points)
Replied 08 March 2012

please find the enclosed material,i think it wil help u a lot

Attached File : 587808 944546 auditing notes.zip downloaded: 606 times

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pallavi soni (student) (41 Points)
Replied 08 March 2012

hii....is d link above f amended notes....hv heard tht SA'S nd code f ethics hv bn changed..plss help me guys...

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Nandan Sarma (Article Assistant) (325 Points)
Replied 08 March 2012

is studying Audit through Surbhi Bansal book will be sufficient??

Arun S (CA Final) (239 Points)
Replied 08 March 2012

I'm attaching what Mr.Rammohan attached. But this is in the pdf format.

Attached File : 75612 944698 surbhi s 160 pgs audit notes.pdf downloaded: 552 times

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 09 March 2012

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

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