1 Advanced Auditing

Whole Advanced Auditing course is covered by the below given guidelines. If you prepare as per these guidelines, then you need not to read anything else and I am sure that you can write of 100 marks in Examination. All the Areas covered in the syllabus and books for reading them are discussed below: Standards on Auditing: Read only Surbhi Bansal Book for SA. Many SAs are revised. All old and new SA are given in Surbhi Bansal Book. Read only revised SA and not old from that book. You will come to know from that book which SA is old and which is Revised. Read all SA and make a separate book for main points of important SAs like SA 600, SA 299, SA200, SA 500 and other important SAs. Accounting Standards: AS are also important for Audit, but All AS are covered in FR subject. So no separate preparation is needed for Auditing. CA Act and Professional Ethics: This topic is very much easy and important. At least 20 marks cases and questions are asked every year from this chapter. And most important part is clauses of Schedule I and Schedule II. Cram all the clauses with their numbers. For all other questions, use Paduka and make a short point book for quick revision of all the questions. Below guidelines are related to Paduka Book: Chapter 2: Company Audit Basics: Read this chapter from PCC Paduka book as it is same in PCC and Final. Chapter 4: Audit Reports: Various clauses of CARO, 2003 are very much important in this chapter. You need not to cram clauses or remember their numbers. Just remember the provisions of Various clauses. Audit Report formats are also important in this chapter. Chapter 13: A. Audit Committee and Corporate Governance and B. SOX Act. Read these 2 parts of chapter 13 from Surbhi Bansal Book and dont read from Paduka. Chapter 17: Peer Review: This chapter is very much important. So read whole chapter.

Chapter 18: Guidance Notes on Audit Matters: All guidance notes are not important except guidance notes given in Part 18.1 are not at all important. Other Guidelines: You need not to read anything from Modules. Go through past 3-4 years solved papers before starting reading. This will give you complete idea of paper style of Auditing and which kind of questions are important. Solve at least 3 Papers before examination. Make a separate book for short forms of all chapters and cram all short forms. You will be able to write yourself only if you know main points. So give more weight to main points. On the day before exam, read this short point book. Keep a red pen with you when you are reading any theory subject and mark all the items, lines, topics that you feel hard to remember and also mark important points. You can not revise whole paduka on the day before exam. So read only these marked points by you.

2 Corporate and Allied Laws

Whole Law course is covered by the below given guidelines. If you prepare only from Munish Bhandari book and as per these guidelines, then you need not to read anything else and I am sure that you can write of 100 marks in Examination. All the Areas covered in the syllabus are discussed below: Do not read the following Chapters at all: 1. The Insurance Regulatory and Development Authority Act, 1999. 2. The SARFAESI Act, 2002. 3. Prevention of Money Laundering Act, 2002: Read only Section 12 from this chapter and no other question or thing.

Other Guidelines: Make a separate short forms book for Corporate Law and Other Book for Allied Laws. Make a list of all the important section numbers of Corporate Law. Remember names of only some important Case Decisions. Go through the past 3 years question Papers before starting reading. This will give you complete idea of paper style of Law and which kind of questions are important. Solve at least 3 Papers before examination.

3 ISCA
Use same reading techniques for ISCA that are mentioned for Audit above i.e. preparing short point book and cramming short points etc. Use paduka only for ISCA and never open any other book or module. ISCA is shortest and hardest subject of final. So prepare well in this subject.

4 IDT
Use Vandana Bangar book and no other thing. Never open modules or any other book. Read recent case laws. I have given you the link for downloading that. Cramming short points etc are not important for IDT, yet prepare a short point book while reading and mark imp points with red pen. So that you can revise whole subject easily on the day before exam.

5 DT
Use Taxmann book for DT and no other book. Never open module. Wealth Tax is very important in DT. So do it well. Also dont keep any chapter in option.

6 Adv. Mgt. A/cing

Modules are most important for Adv. Mgt A/cing. Use paduka for practice. Dont use any other books. Solve whole module and paduka and read theory from paduka. Dont read all theory questions. Read only those questions that were asked in past examinations. Take the help of friends for hard chapters.

7 SFM
Use Snowwhite book for SFM and never open modules. This book is enough for SFM. SFM is the easiest and short subject. So do as much practice as you can. This is a scoring subject and you can easily get upto 70 marks in that. Take help of friends for hard chapters.

8 Financial Reporting
Use M.P. Vijaykumar, Snowwhite book for FR. Read AS from modules. Dont buy other book for AS. Module is sufficient for AS. Also read IFRS and AS differences from modules. Dont read IFRS. Just read the difference between AS and IFRS. It is specially given in modules in 10-15 pages. Solve sums from modules. Remember that

Snowwhite book for FR do not cover whole syllabus. So compare modules and Snowwhite and do all those chapters from module that were not covered in Snowwhite.

Best of luck Kishor Kathrani.