I am IPCC student. My 2nd group has auditing paper. I am totally blank in that. I need guidance as to how to proceed? What is the way to study genuinely? What all books is required to study it well? Is there any amendments which are applicable for Nov'10 exams in relation to auditing?
Kindly guide me in this auditing subject? I need comprehensive suggestions which will help me in learning it well.
Thnx in advance. Waiting for your kind suggestions...
ahmed bhai as u said ur exam is in nov.10.u have sufficient time brother read padhuka book.this book is very simple and easy to understand the concept clearly.if u do this u have no need to study any other material.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 05 May 2010
Tips to improve marks in Audit and Law
Marks in Audit and Law subjects are very low in November 2009 PCC and P.E.-II result. As per my understanding the reason behind this is not low marking. The main reason behind this is lack of concentration in theory paper along with poor presentation and writing skills.
Kindly appreciate Exam pattern is now practical Question based and not flat Question based so presentation and writing skills becomes very important.
For improved presentation and writing skills I would suggest you to refer answer presented in ICAI suggested answers. Careful observation of ICAI suggested answers is very important. Along with good study focus and observation is also very important to succeed in professional examinations.
One more useful suggestion is:
It is advisable for the CA students to have a glimpse of the guideline answers given by ICSI and compare them with ICAI's. As we all know that ICSI answers are one step ahead from those of ICAI. So a comparative "go-through" of these will help in presenting the better answers... this is not time consuming either...One more important thing if you are conceptually very clear and strong but not able to present it then there is some problem indeed, which is required to be sorted out immediately.
Good conceptual knowledge with good writing and presentation skill is the key to success.
Also find attached herewith my handout for PCC Company Audit. Hope this handout would be off some help in your preparation.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 05 May 2010
First give audit study a reading to understand the depth and figure out the efforts required for final preparation. Make necessary notes on the study book during first reading. Pre-condition for this first study is a complete relax and chilled mind.
During first study ride prepare a plan for final preparation. Also use scanner for making the plan. later on use any good notes. Remember at this moment you have everything in your mind like what is imp along with basic idea of the topic and chepter.
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.