Few important tips & suggestions for Paper 6 - Auditing & Assurance ( IPCC )
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Few important tips & suggestions for Paper 6 - Auditing & Assurance ( IPCC )
1.Friends start with Company Audit I & II, as there are many topics which are common in law & audit. So its easy to start with this chapters. Marks covered 24-32. This include CARO also.
2. Now do special Audit my suggestion is that please do this topic from ICAI module as if you write in the language you will get goods marks. And do practice manual also for this topic. Questions get repeated.
Marks covered 8-12.
3. Now do chapters like Basic Concepts of Auditing, Nature of Auditing & Preparation of Audit. This are easy chapters and generally straight forward questions asked from this chapters. Marks covered 20-24.
4. Now do SA's. Friend practically saying its not possible to remember inner content of all SA's so my suggestion is that remember Title of all SA's and read them like novels and do past examination questions from Practice Manual. Marks covered around 16.
5. Now do Internal Control chapter do it properly as 8 marks question surely out of this chapter.
6. In last do Vouching & Verification topic. Marks covered 12-16. Friends u can't remember all points to do proper concentration on some topics which are important according to you and read out all
remaining points. Some important topics are - Audit of Cash Transactions, Payment of Dividend, Audit of Purchase, Reason for lower Gross profit etc.
7. Remember friends many times questions asked from Accounting standards also so don't get shocked with it. May be around 8 marks question comes out of AS.
*** If you get time friends than in last refer practice manual because it will help you to follow the language as well as way to present in examination. Many times out paper was attempted good but marks were not good reason behind that is way we present our answer.
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