Last time tips & important topics in auditing :- #CAGROUPS #CAGROUPS 1. You should mention section and SA No. To support your answer. 2. In SA no particular important one so read all SA and remember SA No. & title, which you need to.use in answer. 3. Try to answer in points and sub points instead of paragraph. 4. In vouching & verification there are few common points in all items remember those points atleast & other points you can make with ur common sense. 5. There is possibility that AS question will come so be prepare for it. 6. Try to do quick revision of practise manual & rtp bcoz case study n other ques. Generally comes out of that. 7. Important topics which are generally repeated in exam : A. Start with company Audit I & II friends.... this both chapter cover around 30 marks. As this cover 30 marks so read each and every topic in it. B. Special Audits - Club Audit, Educational Institution, Hotel, Cinema Hall, Advantages of audit of accounts of partnership firm. C. Verification : Cash, Depreciation, Contingent liability, Subsequent Events ( SA 560 ) , Cut-off Procedures, Personal Exp. of Directors & Analytical Review ( SA 520 ). Do this chapter and vouching in last. D. Internal Control - Audit Risk, Audit Trail, EDP Auditing Approach n other related topic to EDP. E. Preparation of Audit - Audit Techniques, Audit Programme, Audit Sampling ( SA 530 ), Continuous Audit, Letter of Engagement, Management Representation. F. Chapter 1 & 2 - Audit Evidence & Methods of obtaining it, Compliance & Substantive Procedures, Going Concern Assumption, Joint Auditors ( SA 299 ), Principles governing audit, SA 200, Types of Error ( Specially Commission & Casting ), Operational Audit, Detection of Fraud & errors, Audit Engagement Letter, Inherent limitations of Audit. Wish you all d best (y)
Posted on: Sat, 16 Nov 2013 17:51:20 +0000
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