Myself is pursuing CA Final and has also given good number of attempts for Group I of CA Final but I am facing difficulty in clearing Audit & Law Papers. Till now I was reading Padhuka's Hand Book for Audit and Munish Bhandari for Law. Now for Nov-2010 attempt I have adopted the Institute's Module and compilation for Audit and continued for law with Munish Bhandari's Book. I prepare for this subject by reading one or two times.
Request you to please give the input for how to prepare for this subjects. You may email me on jshrinivas@rediffmail.com
Hey...believe me u do not need any advise and I have no doubt regarding your knowledge....your preparation is absolutely fine...all u need to do is just continue your efforts with full force.
Also focus on some writing and presentation skills...This is also very imp keeping in view your previous efforts....in the end i would say have faith in your abilities...all the best and God Bless.
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 isโit 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.