·       Accounts and Auditing is inter- connected in a sense that after completion of accounts, audit starts. Some portion of law paper also connected with Accounts.

·       Apart from the learning of audit syllabus, there require a fair Idea about Accounting and auditing standards (Both AS and SA). Thus, the role of standards governing accounts and audit cannot be over emphasized.

·       Question can be both direct as well as application oriented nature. Writing the concepts in an appropriate manner at exam will help you to score a decent mark at exam.

You can get at least a 60 % marks from the following segment one alone. You can get a good number of questions from following area. Hence expert knowledge in the below segment is must.

 Segment One    require expert knowledge

·         Company audit one

·         Company audit two

·         Special audit

·         CARO 2003

·         SA

·         AS

Segment Two

Following are the chapters which are just require a fundamental knowledge

·       Basic concepts of Audit

·       Internal control and test check

·       Vouching  ( will get practical idea for articles)

·       Verification of asset ( will get practical idea for articles)

Reference book

For segment one you can manage with ICAI module. For segment two, better go through any reference book since module is vast and consume more time.

Audit: - Padhuka or surbhi bansal

SA: - DS Rawat

AS: - MP vijaykumar/padhuka/Doplhy D souza

Don’t forget to refer Suggested answers and Practise manual along with studies.

My suggestion to Studies (which is not exhaustive)

1.    No compromise with conceptual learning. Hence try to understand the concepts.

2.    Make the habit of keeping notes and also make frequent revisions.

Your approaches to exam

1.    Try to write the answers on point to point basis. Tit to tat basis.

2.    Your answers need to be precise and concise than writing it in elaborating manner. Remember, Quality of answer is more relevant than quantity of it.

3.    One particular question may have application over many segments. In that cases try to connect all the answers in a cohesive and comprehensive manner. This is called Inter linking technique.

Example of inter linking technique Just observe how linking concepts one to another

Example 1 Going concern and its impact

Example 2

Example 2 Internal Audit and its impacts

Example 4 Audit planning