Ipcc group 2
ketan (student) (76 Points)
13 November 2013
kindly give some tips about auditing and assurance ......it just goes out of the mind.....
15 Replies
Iesha Purohit
(student)
(32 Points)
Replied 13 November 2013
same here.... auditing m toh halat hi khrab hai....
ash_TRSS
(Article)
(311 Points)
Replied 13 November 2013
start off with company audit part 1 and part 2.. it covers your base... for 25-35 marks....
ketan
(student)
(76 Points)
Replied 13 November 2013
@ ash-- well it might be easy for u yr...but i am very bad at mugging up.....by the way thank u
Spirit
(Learner)
(450 Points)
Replied 13 November 2013
why messed up yaaro...
I know Auditing is too lengthy but to understand it is easy, it is easy because here we are not required to write accurate answer as per sections because it not Law..we have to give our opinion.
before start studying audit first imagine yourself as an auditor it will clarify you what an auditor have to do..
ketan
(student)
(76 Points)
Replied 13 November 2013
well as far as i know we need to frame every sections to get good marks......lets see what happens.....well thank u bro...
Spirit
(Learner)
(450 Points)
Replied 13 November 2013
are you going to appear in November 2013 exam ??
Spirit
(Learner)
(450 Points)
Replied 13 November 2013
All the best bro .. :) dont waste single minute here.. :)
sagar parmar
(none)
(44 Points)
Replied 14 November 2013
Hey guys I gotta 51 in audit in may 13 but unfortunately failed in it sm
shruti
(ipcc)
(110 Points)
Replied 14 November 2013
d bsttt way is PRACTICE MANUAL ..... usse dhyan se padlo main points ko rato mat socho khud se agr esa hota to hnmmm then i 'll do tht.... isse mugging ki jarurt nai padti apne ap sab yad rehta h.... n paper chahe law ho it&sm ho AUDIT ho practice manual k uper kuch nai ata.....!!!!!!
CA Jay Bhatt
(Manager & Section Head)
(320 Points)
Replied 16 November 2013
Understand the meaning of concepts and read related concepts together like dividend & interim dividend, SAs , also find common points that one checks in every audit & then find special points to be checked in differe types of entities.
Don't say things like halat kharab & alike for Intermediate Examination Auditing & Assurance paper as if it is so you will faint by looking at SM & syllabi of Advanced Auditing & Professional Ethics of Final Examination.
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
ketan
(student)
(76 Points)
Replied 16 November 2013
omg...i asked for revision tips sir and not studying from start...
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