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CAF 08: Audit & Assurance

Orientation Class Outlines:


Secret Sheet for Quick Revision 1. Teacher Orientation, 2. Subject Orientation, 3. Methodology, Premium Content
(For students of Muhammad Asif, FCA) 4. How to maximum utilize Physical/Online System (For Spring 2022)

Instructor Introduction Specific Instructions Services You will Get

Name: Muhammad Asif, FCA Instructions for Physical Students: Instructions for Online Students: (I will not compare myself with others)
Qualification: CA 1. Be Regular and Punctual. 1. Use Laptop/Computer 1. Smooth and Timely Syllabus Coverage
Experience: 12+ Years 2. Be attentive in class. 2. Use 1X speed 2. Real World Cases/Examples to explain concepts.
(also teaching at CFAP Level) 3. Ask questions alongwith Topic. 3. Don’t misuse flexibility. Study daily. 3. Past Paper Practice of every concept (using Projector)
4. Attempt Weekly Tests. 4. Keep Cells phones away during studies. 4. MentiMeter (to quickly test your concepts)
5. Select hostel and mates carefully. 5. MindMaps (1-page graphical summary)
6. Turn-off Cells phones before entering 6. Brainscape (To make revision using Artificial Intelligence)
class.

Subject Introduction
Study Material
Official Vs. Youtube Lectures
Nature: Practical + Judgment (For Online Students)
Pre-requisite: Studied Introduction to Accounting 1. ICAP (Sudy Text + Question Bank) 2. RISE (Volume 1 + Volume 2)
(CAF 1 FAR-I, and CAF 7 C.Law are Optional) (As per New Education Scheme) (As per New Education Scheme)
Difficulty Level: Moderate 1. Outdated Lecture (Changes in Syllabus, Examiner strategy, Updated
Passing Percentage: 32% (last 8 attempt), Lower Past Paper Discussion)
than Numerical Subjects 2. No Additional Study Material (Premium Resources)
Paper Structure: (25% Theory with 3 – 6 marks 3. No Interaction with Teacher (if you don’t understanding a concept)
each question + 75% Case studies with 6 – 10 marks 4. No Testing and Feedback (very important) Lecture Plan
each question) 5. Illegal & Unethical

1. Lecture #, Concepts, Reference, Home Assignment


2. Distribution of MindMaps (using MindMaster Pro)
Major Reasons of Failure 3. Concepts Discussion (Overview, Explanation, Questions)
4. Quick Revision in 2-minutes
5. Self-evaluation Test with Immediate Feedback & Prize
1. Lack of Written practice like Accounting Paper How much Effort required to Pass This Subject: (using MentiMeter)
(If you don’t practice, you will not know how to present it) 1. Study 2 Hours daily at home. 6. Past Papers' Discussion (on Projector)
2. Not understanding Requirement 2. Attempt Home Assignments Daily (in written) 7. FlashCards for Revision (on Brainscape).
(Same information may be tested from different topics) 3. Attempt Weekly Written Test
3. Selective Studies. 4. Revise on Sundays
(Earlier and Easy topics are well prepared; others are not)
4. Absenteeism
5. Using mobile during class. Course Completion Date Most Important Concept:
6. Not listening to questions of others during class Key to success is "Prayer".
7. Not attempting weekly tests
January 29, 2022

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