How to Prepare for Auditing IPCC

If you have cleared CA CPT, you have to study many subjects in CA- IPCC. One of these subjects is auditing and assurance which will make your solid base for doing the ca profession in future. So, you have to learn the tips and tricks for preparing it. There is no extra or special rule for preparing it but still any innovative idea will come after learning these tips for preparing, our this content will get success. Following are the main tips of preparing for auditing IPCC.


1st Tip : Take 15 Years Scanner

15 years scanner is the collection of old test papers of auditing and assurance (IPCC) paper. When you study it, you will get the trend. Which concept is important and which concept is not important. On this basis, you will manage your time. You can get extra resources for learning important concepts. We recommend to buy this scanner from shuchita prakashan Pvt. ltd. for this just go to http://www.shuchita.com 

2nd Tip : Prepare AAS 1 to 35 First 

Like GAAP, there are also auditing and assurance standards which are 35. You should start learning auditing by studying them one by one. Read from different resources. Write it on your notebook with your own words. It will be helpful for you to remember fastly in the examination days. We will also write all these steps one by one. So, you can also help from accounting education in future. For this, just subscribe accounting education.

3rd Tip : To Make Strategy for Learning Special Audit 

In special audit, you have to study the audit of hospital, club, hotel, school, charitable organisations. I think, in your family, there may be the relation with these organisation. Like, you may family doctor. You like to eat in the favorite hotel. You work voluntary in any charitable organisation. Ask their CA. Just, go to their CA, ask the problems relating to this, you are facing problem to study these concepts. I think, CAs are so busy. If they have no time, you can take the help of fresh CA who have started their business yesterday. He will surely help you.

4th Tip : Company Audit 

For this, you have to understand also the company law 1956. Know what are the main provisions of company law relating to auditing. Learn, how to verify forfeiture of shares? Learn, how to verify the issue of bonus shares? Learn, how to audit of dividends?

5th Tip : Online Learning from ICAI's Official Websites

Very higher CA professionals have made online learning resource on their website. We recommend to study it. It is video presentation. You should learn it and understand it what the teachers are saying. You can watch these video tutorials at here.

Related : CA - IPCC