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  • Audit - 1.5 Days

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    Aditya Dadhich
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    This document outlines a 1.5 day strategy to study for an audit exam. On the first day, the strategy suggests studying professional ethics, bank audit, PSU audit, internal audit, due diligence, peer review, company audit including CARO, SA 700 series, LODR, consolidated financial statements, SA 500 series, and chapters 2 and 3 with SA 300 series. On the second day, the strategy recommends studying SA 400 series, SA 600 series, SA 200 series selectively, automated environment, NBFC, insurance, and tax audit before the exam. The document provides estimated time frames for each topic and expected mark ranges.

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    Audit_1.5 Days

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    This document outlines a 1.5 day strategy to study for an audit exam. On the first day, the strategy suggests studying professional ethics, bank audit, PSU audit, internal audit, due diligence, peer review, company audit including CARO, SA 700 series, LODR, consolidated financial statements, SA 500 series, and chapters 2 and 3 with SA 300 series. On the second day, the strategy recommends studying SA 400 series, SA 600 series, SA 200 series selectively, automated environment, NBFC, insurance, and tax audit before the exam. The document provides estimated time frames for each topic and expected mark ranges.

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    8 views1 page

    Audit - 1.5 Days

    Uploaded by

    Aditya Dadhich
    This document outlines a 1.5 day strategy to study for an audit exam. On the first day, the strategy suggests studying professional ethics, bank audit, PSU audit, internal audit, due diligence, peer review, company audit including CARO, SA 700 series, LODR, consolidated financial statements, SA 500 series, and chapters 2 and 3 with SA 300 series. On the second day, the strategy recommends studying SA 400 series, SA 600 series, SA 200 series selectively, automated environment, NBFC, insurance, and tax audit before the exam. The document provides estimated time frames for each topic and expected mark ranges.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    1.

    5 Days Strategy- Audit

    Hooray! You’ve completed the 2 practical papers of Group 1, now its time for some real fun.

    After coming from exams:

    Just relax a bit, have a shower, some fruits, or maybe tea & snacks to get the energy for the next 4-5 hrs.

    Start in following order:

    · Professional ethics (2.5 hrs)


    · Bank Audit (1 hr) 20-25
    · PSU Audit (30-45 mins) Marks

    ------------------------------------------------------------Sleep---------------------------------------------------------------
    Next Day

    Wake up early around 6 and start in following order:

    · Internal, Mgt & Operational Audit (30-45 mins)


    · Due Diligence, Investigation & Forensic Audit (1-1.5 hr) 12-19 Marks
    · Peer & Quality Review (30 mins)

    Take 30 mins break to freshen up (bathing & all) + have breakfast (fruits/light meal)

    -----------------------------------------------------------Meal----------------------------------------------------------------

    Next session (start 9:30 am)

    · Co. Audit including CARO (1-1.5 hrs)


    · SA 700 Series (1 hr)
    · LODR (1 hr) 15-19 Marks
    · Consol. Fin statements (30 mins)

    Take lunch and resume by 2:30 pm

    -----------------------------------------------------------Meal----------------------------------------------------------------

    · SA 500 Series (2-2.5 hrs) 10-15 Marks


    · Ch-2 & 3 with SA 300 series (2 hrs)

    Now take 30 min break to rejuvenate and freshen yourself!

    -----------------------------------------------------------Meal----------------------------------------------------------------

    Time should be around 7:30 pm

    · SA 400 series (40 Mins)


    · SA 600 series (2 hrs) 10-12 Marks
    · SA 200 series (may do selectively till 12 am)

    Take at least 6 hrs good sleep and wake up by 6 again!

    ------------------------------------------------------------Sleep---------------------------------------------------------------

    Voila! It’s the exam day…. Just stay positive, you’ll perform well and “Sab Achha Hoga”

    Now cover following topics and go through current attempt RTP and MTPs

    · Automated Environment (30 mins)


    · NBFC (40 mins) 15-20 Marks
    · Insurance (1 hr)
    · Tax Audit (2 hrs)

    By Shubham Keswani

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