Paper 2 : Advanced Auditing and Professional Ethics
Books : Practice manual + RTP(Latest and Past 3) + MTP(Latest and Past 3)
SA- First do rote learning of SA nos. and there names ( THIS IS MOST IMPORTANT STEP IN AUDIT PREP. ) Then DO PRACTICE MANUAL Chapter on SA. Then do Summary of SA. Download it from Caclubindia.
AS-First do rote learning of AS nos. and their exact names. Then DO PRACTICE MANUAL Chapter on AS from the Financial Reporting PM.
Professional Ethics : First do rote learning of Clause nos. and their names.Then do Practice Manual Chapter.
Amendments : Cover Amendments in Financial Reporting, Audit, Company Law, IDT, DT. Give special attention to amendments indirectly affecting audit aspect.
Also study selectively from your ISCA book : CAAT and other issues, Emerging technologies, and auditor's responsibilities given here and there in all the chapters.
Guidance Notes on Audit and Accounts : Do rote learning of Names. Dont learn the content.
Other Chapters : Study from the Practice Manual only.
IN THE XAM HALL: KEEP qouting SA, AS, relevant add ons learnt from other subjects and try to use words like " Sufficient And Appropriate audit evidence" instead of audit evidence.
TRY TO FLAUNT YOUR KNOWLEDGE ON THE PRACTICAL ISSUES OF AUDITING ASPECTS EXPERIENCED IN THE ARTICLESHIP ( This is not ISCA, where you have to produce the exact content from the study material)
A big % of CA Aspirants have a poor Vocab. You can kill the competition By using Effective and Efficient English.
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