Ca final audit

Audit is more of a practical subject, than a theoretical one. Start by the ABC method of chapterwise importance.

• In Audit, the right phrases and words are important. Often, the language of the Institute is what pushes students to pass the subject. Whichever Author you refer to, make sure to refer to the PM as well to learn how to phrase your answers.
• In Audit, start by writing the premise of your answer, follow it up by the definition (if any) and derive your opinion from the same.
• Chapters like Professional Ethics and Standards of Auditing can carry 30–40 marks in totality. Learn the Professional Ethics and SAs and follow them up by reading different questions in the PM.
• Chapters like Audit under CIS, Audit of Banks, Audit Report, Audit under Fiscal Laws, Company Auditor, Risk Assessment and Internal Control etc always appear in the papers. Look through the markwise distribution to mark the important chapters.
• Learning the rest of the chapters will give you an edge, but do remember there are some chapters which seem to be vastly different. For example, Audit of Banks should be done from the PM rather than any author as the questions are markedly different.
• Don't learn it blindly. Try and understand the matter first. If you have done your internship in an Audit based firm, this shouldn't be hard but chapters like Peer review can be difficult for some students.
• Don't underestimate lines and sentences that seem to have no consequence. There have been questions asked for 4 marks from such innocuous seeming sentences.
• You might not be able to complete the portion. Aim to tackle 85% of the chapters (markwise) well.
• Read the RTP and amendments.