Ipcc nov 13

Save Share

This query is : Resolved

GAURAV AGARWAL (Querist)

29 October 2013 i am doing audit from surbhi bansal. I am having problem in in doing 1st 4 chapter from there namely internal audit intro to audit basic concept of audit prepration for an audit. kindly help he by providing some technique to all these chapter. The main problem i am facing is learning part.

CA Pallav Singhania

CA Pallav Singhania (Expert)

29 October 2013 Read thoroughly the chapters,
You must start it with Company Audit, then Vouching then do other chapters...

Ankur Garg

Ankur Garg (Expert)

30 October 2013 Let me tell you my way of studying Audit. This technique is also helpful for other theory papers.

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. In any case please share your feedback.

All the Best and Regards