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urgent help in audit ipcc grp 2

lakshay (ipcc) (581 Points)

13 February 2011

Hiiii friends ...i am risabh .my ipcc attempt is in may 2011

just 2 months left and i have a problem in audit..actually i will fully prepare grp 1 in this period..but i am scared of audit.

i will also do adv acc n it/sm and just becoz i have done only 2 chaps in audit ..i am thinking of only giving grp 1

pls help me ..i have done intrduction n company audit 1 and 2 from surbhi bansal buk?how shud i study audit to get good marks ..i am corres 1st year..havent taken any coaching

can i directly start with standards on auditing after doing these 3 chaps?? becoz standards carry more weitage or i shud do them after completion of my audit course becoz they are connected with some chaps???helpp

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8 Replies

VICKY KARNANI (STUDENT) (304 Points)
Replied 13 February 2011

dear rishabh, bst advice i can give u is start with SA,nd make short summary of all,after that start with basic concept in adintin,keep company audit for last,this vl help u 2 understand better,i applied da same formula nd got 60 in audit -pcc this attempt,al da bst

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lakshay (ipcc) (581 Points)
Replied 13 February 2011

ohhh thank god that AS is not related to oder chaps

thanx a lot bro

CA Harish Suwalka (Chartered Accountant ( Bhilwara )) (4125 Points)
Replied 13 February 2011

first of all complete all the SAs and than complete other chapters.. revise company audits and practice maximum practicle problems.....

way to express the answer is very crucial in audit otherwise scoring in audit is always being hard

lakshay (ipcc) (581 Points)
Replied 13 February 2011

pls tell me frankly are AS tough?

i have done company audit 1 n 2 and i found them average ..

so if we compare them are AS tougher?

VICKY KARNANI (STUDENT) (304 Points)
Replied 13 February 2011

sa r vry easy if u understand it properly,itz really easy,jus need a thoro reading

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Kunwar K Khurana (Chartered Accountant) (112 Points)
Replied 13 February 2011

Dear Risabh,

You will probably think that I am lying but I will tell you anyway.

I cleared both my groups in nov 10.

I studied audit just for two days.

Yes two days.

I did not do the first 4 chapters, focused on Standards of Audit, Company Audit, Special Audit, Vouching and Verification etc...

attempted full 100 marks paper and scored 51 marks...

shiva (ca finalist) (94 Points)
Replied 02 March 2011

going through 160 problems case qstns of master mind download it from ca club india u get get an overview of 70-80 marks in five hours of ur study. one day if u go through scanner previous year all qstns. u will develop huge confidence in the subject. for next four days if u go through the topics u feel that u know every topic and totally in 5 days will end ur prep.

condition daily 8 to 13 hours must be invested in studying.

RIDHIMA (student) (424 Points)
Replied 14 March 2011

hey Kunwar K Khurana i hv my grp in may 2011...and hv to manage it with my articleship ...and i hv jst started grp2 preparatn frm last day ...cn u jst ..hw shuld i go abt it ???pls.....ws 2 days fr audit enough ??? i dnt hv any tutns.