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How To Revise Audit In 1.5 Day(s) Before The Exam

How To Revise Audit In 1.5 Day(s) Before The Exam

Audit is challenging for many students to score and another challenge is how to study in 1.5 days so I am going to help you with this

Don’t stress about exams which have gone or exams which will come – Just focus on audit exam now, nothing else.

How to study - It is not possible to read the entire answers, you need to read the introduction and remind the points that can be included in the answer and then match your points with bookish answer.

Make separate para for Reference and provision then Facts and at last Conclusion with short reason

Your introduction part should be strong this will be decisive while getting the marks.

You have to write speedily from the very first answer.

For study material, yourself notes will be good or summary notes + charts to remember the points.

 

After SFM Exam

Peer Review

45 Min

 

Liability of auditors

45 Min

 

Professional Ethics

4

Most scoring topic where you can use your own language also and you will get good marks

 

Next Day

6.30 AM to 8.30 AM

Company Audit

2

Second most scoring topic and easy one

9.30 AM to 10.15 AM

Audit in automated environment

1

 

10.30 AM to 11.30 AM

Insurance companies

1

These are short but scoring topics

11.45 AM to 12.45 PM

Bank

1

 

1 PM to 1.35 PM

NBFC

30 minutes

 

2.30 Pm to 3.30 PM

Due Diligence

1

 

3.45 PM to 4.30 PM

Caro 2016

45 minutes

 

5.15 PM to 6.00 PM

PSU

45 minutes

 

6.30 PM to 8.30 Pm

Fiscal Laws

2

1 question must and few MCQs

9.15 PM to 10.00 PM

Consolidated Financial Statements

45 minutes

 

10.15 PM to 11 Pm

Audit committee and corporate governance

45 minutes

 

 

Last Day – Auditing standards are kept for last day because of lengthy content and hard to score good marks in this as examiners expect similar points in this section. You also read this several times.

Standards

5

 

Remember that no student can write the exactly same bookish points. So your target should be covering as much as relevant and specific content to the concept.

Check test papers and go through your mistakes once.  So due to the exam time, I will not take your much time

 

Best of luck

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