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How to Prepare for Advanced Auditing- CA Final Subject-wise Tips

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Many experts suggest different success mantras as far as preparation for CA final Advanced Auditing is concerned. While it is known that focused approach and disciplined preparation is a sure formula for cracking the examination, additional tips and tricks can be helpful for aspirants wanting to know ‘how to study CA Final Advanced Auditing’.

SuperProfs’ subject-wise tips are designed to help you tackle every subject individually.

how to prepare for ca final advanced auditing preparation tips

Expert advice on CA Final is available at the click of a button, making your journey easier, faster and surely successful. Read on to garner tips and suggestions to clear your exam in flying colours.

As you proceed further, you shall read on:

  1. CA Final Advanced Auditing New vs Old Syllabus
  2. How to study CA Final Advanced Auditing
  3. How to score well in CA Final Advanced Auditing
  4. Online resources to prepare for CA Final Advanced Auditing

What’s new? CA Final Advanced Auditing New v/s Old Syllabus

The CA final paper of advanced auditing has some additions and some deletions. Let’s take a close look at the changes in the new syllabus:

Additions

  • Auditing in automated environment
  • Audit under GST
  • Features of auditing LLPs
  • Forensic audits and self-review of audits

Deletions

  • CIS Environment and Audit Strategy
  • Planning and Programming
  • Audit under SOX act
  • Cost audits
  • Audits of cooperative societies are certain portions which have been removed from the syllabus for the exam.

How to study CA Final Advanced Auditing

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We have put together popular tips and suggestions from other CA aspirants and students who have cleared the CA final mammoth examination

  • Beginning with topics such as audit under fiscal laws, company audit and professional ethics will help you cover more ground in preparation and gain confidence
  • Practice manual is your go-to material for gaining speed.
  • Revision Test Papers – testing oneself before the actual examination is the best way of understanding how much prepared you are. Attempt at least 3 RTPs to get confidence, identify areas of weakness and repair before the actual game
  • If you are confused as to what are the important parts in any particular topic, watch these videos for a better grip on the subject
  • Make notes while learning each chapter, specifically noting down difficult or tricky areas. This will serve as a ready reckoner during revision

How to score well in Advanced Auditing – 6 Tips

  1. Advanced auditing by itself is a vast topic. Splitting it into two portions – the major high scoring areas and the minor (though important areas) will help in efficient preparation
  2. The major portions include professional ethics and standards, while the rest together make up the minor part
  3. Since auditing is mostly theoretical, writing to the point, using correct technical terminology, underlining key words and structuring answers is extremely important. Citing auditing standards is one way to showcase your knowledge and back your answer
  4. Presentation makes a real impression. While answering correctly is important, how you present it also matters. Structuring your answers into sections with headlines and highlighting important parts of the answer will create a good impression
  5. Direct theory-based questions where definitions and terminology are asked are high-scorers. Answer to the point in crisp terms, use bullet points and score full marks in such questions
  6. When attempting questions in professional ethics, it is best to adhere to the format given in the practice manual. The first and last portions of the answer should contain the part, schedule and clauses. Include the applicability and justification of each clause in the main paragraph of your answer

Online resources to prepare for CA Final Advanced Auditing

Study material: https://www.icai.org/post.html?post_id=13796

Revision Test Paper:

Mock Test Paper:

Series 1

Series 2

Suggested Answers:

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Question Papers:

You can watch a few demo lectures by SuperProfs for CA and see if you would want to consider subscribing to our video series for a better shot at clearing the CA Examination.

These demo videos will throw light on more areas on the auditing subject, subscribe to unlock the doors to success in the CA final examination!

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Also Read :

How To Prepare For Strategic Cost Management And Performance Evaluation

How To Prepare For Corporate And Economic Laws

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