LAST DAY AUDIT STRATEGY

Important Tips & Time Allocation for Last Day Revision

Try to reach home by 6pm, have food and take a nap of half an
hour. Don’t discuss anything with anyone. Don’t entertain any
thoughts regarding paper, best thing is to start thinking about
audit.

We have allocated time to each topic, time is scientifically

decided as per number of hours we spend on topic in regular
studies, you will observe that time is less, so don’t go in-depth
and don’t venture in new areas.

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Use material which you have used for regular studies, its
perfectly fine to quickly cover only those topics or chapters you
know best.
Its fine to use other books and notes, cover charts , questions
which you find easy, no need to study them in totality.
For SAs and Other topics. I have given, key to remember, charts ,
shortcuts in our regular book for all bulky and important topics,
use it.
Try to cover all easy topics first, don’t read line by line just revise
orally, try to cover in short You can do your own ranking of topics
and cover them as per your comfort
In CA something or the other will be left out so don't worry,
cover things which you know fast and then think about anything
else, do new topics at last.
 Please stick to time allotted, so that you can cover whole
syllabus, if anything is left out use buffer time on Final day
(120 min) to cover it.
Don’t study in last 2 hours have food, take nap, go early, do time
pass and crack jokes with friends
Don't overthink, don't over plan, be stress free , keep small targets cover most
important things only, leave 20-30% things on last day. Believe in yourself, you will
recall earlier read concepts also.

First Cover Questions from PARAM + Don’t Read Line By Line Just See Important
Points to be Explained in each Answer.

If you got any doubt keep it posting on www.auditguru.in/discussion-points

Time in
Chapter Slots
Minutes

Slot 1
Prof Ethics 210
7 PM to 10:30 PM
Slot 2
Co Aud (Including Dividend &
180 10:30 PM to 12 PM
NFRA)
+
CARO 45
SA 300 120 Slot 3
SA 400 20 8:30 AM to 12:30 PM
SA 600 30
SA 700 60
Consolidation 20
Liability of Auditor 15
M&O Audit 20
NBFC 25 Slot 4
Peer Rev 15 12:30 PM to 4 PM

Quality Review (New) / Cost

25
& Co-Operative Audit (Old)
 GST Audit 60
Audit Committee & Corporate
60 Slot 5
Governance
4 PM to 7 PM
Auto Env (New) / EDP (OLD) 65

Tax Audit 60
PSU 30
DD 15
Investigation 15 Slot 6
Forensic (New Course) / 7 PM to 12 AM
15
SOX Audit (OLD Course)
SA 500 135
RTP Amendments 20
SA Intro & SQC 1 10
Risk Asses & IC (Excluding
10
Topics Covered in SA)
Plan Strat Exe (Excluding Slot 7
10
Topics Covered in SA) 7 AM to 10:30 AM
Insurance 65
Bank Aud 65
SA 200 60
Buffer Slot
Buffer Time 120 10:30 AM to 12:30
AM