YJ Siddharth Inter Audit A IL isi A aay Revision Strategy Chapter 1to8 Standards Chapter 9 to 13 Inter Audit Re n Strategy Weightage (ICAI) Estimated Time for Revision. Sequence of Topics in Revision. 80 hours Revision Strategy. EON 3 stages of Learning 1[PageSiddharth Agarwal Classes CA Inter Audit Sequence: Ch-10, 11, 1, 3, 5, 7,8, 2, 4, 6,9, 12,13 Inter Audit Revision Strategy Nature, Objective & Scope of Audit SQC-1, SA-200, 210, 220 8 hours [Also Standards: SA-250, 299] 2 | Audit Strategy, Audit Planning and Audit Programme 8th | 4hours SA-300, 320 20 re 7 | Audit Sampling SA-530 6th 2 hours 8 | Analytical Procedures oe 7th =| 2hours 3. | Audit Documentation and Audit Evidence SA-230, 500 5-15% 4th =| 12 hours [Also SA- 501, 505, 510, 550, 560, 570, 580) 4 | Risk Assessment and Internal Control SA-315, 610 - —- 6_| Audit in an Automated Environment toth | 2 hours 5 | Fraud and Responsibilities of the Auditor in this Regard SA-240 15-20% | 5 | 2hours 10_| Company Audit 1st__| 8 hours 11 | Audit Report & CARO SA-700, 701, 705, 706, 710 pee and 8 hours 9 _| Audit of Items of FS 10-15% | 11th | 10hours 12_| Audit of Banks fn 12th__| 6 hours 13. | Audit of Different Types of Entities 20% | ath | 8 hours 2[PageInter Audit Revision Strategy BEST Approach | Daily 2 hours Audit Revision: for AUDIT Total Time required for Revision (80 hours) spread over — 40 days (2 hours daily) Language 1. In Audit Paper, Book Language matters a lot. Read the Book Language repeatedly until your own expression sounds like book. 2. While writing a Point-Based Answer, try to stick to book points. Q&A Do all Q & A; MCQ at the time of revising chapter itself. 3[PageTJ Siddharth Inter Audit Revision A IL ppaay Strategy Before Exams =] Chapter 9 to 13 Chapter 1 to 8 Standards Start with Volume 2. Very Scoring. Will give Confidence. Ch-10 ‘Company Audit Ch-11, Audit Report & SA-700, 701, 705, 706, 710 Ch-9 Audit of Items of FS Ch-12 Audit of Banks Ch-13 Audit of Different Types of Entities Volume 2 Completed. Start Volume 1 Now. Ch-1 Nature, Objective & Scope of Audit SQC-1, SA-200, 210, 220 {Also Standards: SA-250, 299] Ch-2 ‘Audit Strategy, Audit Planning and Audit Programme SA-300, 320 Ch-? ‘Audit Sampling SA-530 Ch-8 Analytical Procedures SA-520 Ch-3 Audit Documentation and Audit Evidence SA-230, 500, 501, 505, 510, 550, 560, 570, 580 Chea Risk Assessment and Internal Control SA-315, 610 Ch-6 Audit in an Automated Environment Ch-5 Fraud and Responsibilities of the Auditor in this Regard SA-240 1[PageSiddharth Inter Audit Revision Agarwal Strategy Before Exams Classes Day Mind Level What to do? Last Exam Day | RELAXED Day 1) Itis better to use this 4-hour slot to fullest e@ 1) Relaxed after Exam. so that next day you wake up with 6pm-10pm —_| 2) SLEEPY. confidence. 4 hours 3) Less Panic. 2) Which Chapter to revise? a) Sure-shot chapter in Exam. b) Easy & Interesting. ) 2-3 hours range. SLEEP @ 8 Hours (10 pm to 6am) Next FullDay | PANIC Day 1) This is the most important Day of 18-20 18-20 Hours 1) Panic Attack hours HIGH Intensity Revision. 2) Changing Chapters Frequently without 2) How to make a PLAI revising Complete a) Divide 18 hours into 9 slots of 2 hours chapter. each. 3) Confused. b) Make Solid Schedule for each 2 hour session. No confusion. ¢) Allow 25% flexibility, d) Allow 259% Adverse Variance. e) Avoid Sleep ~ Little Food, More ligui f} Chanting, Shouting, Praying will help. 3) After 8 hours, review further 10 hours plan and see if it needs to be changed SLEEP @ 4-6 Hours Exam Day@ | ROCKET Day 1) ‘First arrange your BAG for Exam —So that 6am-1pm. 1) Mind Works like Rocket. | you don’t forget anything at last moment. 7 hours 2) No more confusion. 2) Make a list of all topics you want to cover and browse through quickly. 3)_Give your Best. 2[Page