Need A Chapter Wise Priority Study Tips - Audit (Nov '10)

three steps to complete audit

(1) but surbhi Bansal (or Kamal Garg)

(2) read chaptter as follows Chartered Accountant Act and Professional Ethics Company audit and dividend audit Report Special Audit Bank Audit Audit of stock exchanges Audit of General Insurance compnay Maangement and operational audit Tax Audit then other topic

(3) daily read one Standard of Auditing

1. Ethics-Also read past question from compilation

2. AAS

3. AS-Also read past question from compilation

4. Company Audit

5. Special Audit

6. Insurance audit, stock exchange n Insurance-read compilation its enough u will get more than 70% from there. 

7. Mgmt Audit

8.Rest Chapters

finally all d best

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

Please find enclosed herewith my file to deal with Company Audit.

Thanks