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need guidance

sohan (PURSUING CA) (103 Points)

03 June 2010

hi frns i need suggestion regarding Audit paper of IPCC. MY exams of ipcc is on nov 2010. i have problem in attending coaching classes. i have to travel a lot . so am planning to do self study of audit, law and ITSM papers, can i able to do it? i am just CPT qualified and not joined BCOM classes. i.e no exposure of Audit subject before. i need to get help from u guys to boost my confidence. pls tell me how should i prepare audit paper....like refrence books etc...

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 03 June 2010

Microsoft Word - CLRR26[1226-1246]

BOOKS FOR CA PCC/IPCC

Hi,

You may go for the following options regarding reference books for CA PCC/IPCC:

Accounts- Shukla & Grawal

Auditing- VK Agarwal OR Padhuka

Law- Munish Bhandari OR M.P. Vijaykumar

Ethics & Communication- M.P. Vijaykumar OR Padhuka

Costing- S.N. Maheshwari & Padhuka

F.M.- Saxena & Vashist & Padhuka

Taxation-

(i) For Tax Theory refer== T.N.Manoharan/ Girish Ahuja

(ii)For Tax Numerical refer == Dr.Vinod Singhania/

Information Technology- Padhuka or Dinesh Madan notes

Strategic Management- Padhuka

Also refer Scanners and Suggested Answer issued by ICAI for previous year exams and revised them properly.

Also explore some CA books at the link below:

www.cabooksonline.com

Best Regards

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 03 June 2010

Microsoft Word - CLRR26[1226-1246]

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. So wait for other suitable opinions.

Also find attached one of my very useful file for PCC Company Audit. Hope this file would be off some help.

All the Best and Regards

Attached File : 25 company audit handout for ca pcc and final.pdf downloaded: 289 times

1 Like

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 03 June 2010

Microsoft Word - CLRR26[1226-1246]

Also check the below mentioned links for more audit files and tips:

CA PCC AUDIT IMPORTANT QUESTIONS

COMPILATION OF P.E.-II SUGGESTED ANSWERS_AUDIT_2000 TO 2008

DOWNLOAD USEFUL PCC AUDIT FILES

CA PCC: USEFUL AUDITING PRACTICE QUESTIONS

REAL-TIME TIPS TO DEAL WITH THEORY PAPER: AUDIT AND LAW

ALL MY EXAM TIPS AT ONE PLACE

sohan (PURSUING CA) (103 Points)
Replied 03 June 2010

Thanx a lot sir.

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 03 June 2010

Microsoft Word - CLRR26[1226-1246]

You are most welcome Buddy…

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Ajay Naraina (Student) (42 Points)
Replied 04 June 2010

Self study Vs. Coaching classes

Hi Chandan,

One of the huge questions in front of the students is to decide whether to go for self study or for coaching. Through this write up I have tried to analyse certain untouched aspects of self study and very hopeful that this article would be able to provide certain guiding principles/suggestions to the student community.

Personally I feel that Self study is a very good option for every student because without self study it is very difficult to clear any examination. The main reason behind this thinking is coaching also involves a remarkable amount of self study. Later on in this write up we’ll discuss this point. Another reason to go for self study is the confidence factor involved in it. Successful self study may give you an incredible amount of confidence to deal with any kind of subject or course.

Further we have to understand one more thing quite clearly that self study or coaching classes are not the sole deciding factor as far as success in professional examination is concerned. You may find various examples around you. There are many students who have cleared their exams quite easily just by doing self study and some of the students who have taken coaching are still struggling or vice versa. So the main decisive factor is your honest efforts and commitment towards your preparation and nothing else. Let us discuss certain pre-conditions for self study entirely based on my personal observation.