Tuesday, July 5, 2011

New students for F8 and P7 - note

The audit paper is one of the most challenging paper in Malaysia - since it requires the student to understand the accounting system in detail as well as the accounting standards that support them before getting into auditing issues.

Overall paper F8 is much more harder to pass compared to P7, mainly because it has more auditing specific questions whereas P7 has more accounting specific question (which the Malaysian students fair better).

Studying for this paper would require significant effort by yourself to make sure that you understand auditing concepts and evidence gathering methods clearly.

As a student studying for auditing - make sure that your effort starts from the first day of the class rather than the days before the exam. In this case - reviewing materials learnt after the class is a good idea.

You should look at the links at the side, I have provided some links that are could be helpful for students that are getting ready for the class. In terms of learning - the best source of reading up for the paper is the ISA itself (which is the logo given by the side)

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