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AUDIT PAPER DECODED for 70+ Marks I CA Final Audit Nov'26 — Transcript

by CA Shankar Lakhwani · 11,458 words · 1,645 segments · language en · Watch on YouTube

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0:00Hello Champions! I am your friend, your
0:02guide, your mentor, CA Shankar Lakhwani
0:04. This video has two purposes. So, it's
0:06crucial to watch it until the end.
0:09First, I'll show you how to smartly
0:11clear the CA Final Audit exam. I've
0:15developed a low-effort, high-scoring
0:17strategy for you. I've divided your
0:20essays into four priorities: which ones
0:22to do first and which ones to do later.
0:24So, you've already covered the first
0:25two priorities, sir. Even if you ignore
0:26the third and fourth priorities, you'll
0:28still be able to do it. Okay? Yes. Now
0:30that's it, sir, the priority chapters.
0:32Which chapters are important, which
0:33chapters are unnecessary? Now comes the
0:35X and Z markings. That is, sir, which
0:37topics are important within each
0:38chapter, which ones can be skipped, and
0:40which ones must be done. Even if you
0:43just do the X and Y categories, which
0:45are available to students in my class,
0:46it'll work. I'm going to share that
0:49here for free with all of you. So, you
0:51didn't watch this video without liking
0:52and hyping it, brother. So, watch it,
0:54brother. Okay? And the paper is made
0:56from this every time. I guarantee that
0:58if you follow the X and Z markings,
1:00then out of a 118-mark paper, you'll
1:02get a 112-plus mark paper with X and Y
1:05markings. That means, even if you don't
1:08follow the Z marking, X and Y will
1:10definitely save you. What will they
1:12save? They will get you an exemption.
1:13This is my 110%guarantee. Because doing
1:15all this requires a lot of analysis
1:17every time. You have to pick up all the
1:19past papers and analyze them. Before
1:21that, I want you to like this video,
1:22hype it, and subscribe to the channel.
1:24There's a lot more coming related to CA
1:26Final Audit. Plus, plus, make the most
1:28commitment. Audit is very easy. 70+ in
1:31audit. Because only if you study with
1:32positivity will you clear this subject.
1:34The other 99.99%of students find it
1:37difficult. Okay? This subject. Because
1:40they're thinking negatively. Brother,
1:42if you study positivity, without fear,
1:44without pressure, then you'll
1:45definitely clear CA Final Audit. Or are
1:47your seniors scaring you? Don't believe
1:49the crazy people who say audit is hard.
1:51Study without preconceived notions.
1:53You'll clear it, brother. I guarantee
1:55it. I'm telling you. Okay, brother?
1:57Understand one thing, don't believe
1:59what anyone else says. Study on your
2:02own, study with positivity, and you'll
2:04pass. I'm not saying you should
2:05complete it. You can also do the X and
2:06mark it. I'm saying your exemption is
2:08guaranteed. You'll pass easily. And if
2:10I say you need 40 out of the 118 marks
2:13in the paper. Those with just a
2:14permanent exemption, how much do you
2:16need? 50 marks, 60 marks for the
2:18exemption. It will happen, brother. It
2:20will happen. Tell your mind that if it
2:22happens, it will really happen. This is
2:24how it happens, brother. Whatever you
2:25think, you think it's not happening, if
2:26it's not happening, then it won't
2:27happen anymore. You'll say it will
2:28happen, it will happen. If you practice
2:30, it will happen. You used to walk as a
2:31child. You learned to walk as a child.
2:33So what did you think? Oh man, I can't
2:35walk at all. I can't walk at all. What
2:37should I do now? Will I never be able
2:38to walk for the rest of my life? No,
2:39brother. You just keep practicing. It
2:41will happen. Because in childhood, we
2:42don't know anything negative, brother.
2:44We don't know. It can't be good. Such
2:46things also happen. We know it can
2:47happen. It will happen. This is what
2:49happens in childhood. So you will have
2:50to bring it to the audit. If you agree,
2:52then hit like, brother. Hype the video
2:54and share it with every friend. Let me
2:56tell you something. It's a 118-mark
2:58paper. Even if you score just 50%,
3:00you'll still be exempt. Clear 50%of the
3:04118-mark paper. Even if you score just
3:0650%, you'll still be exempt. Why are
3:08you scared? Those who are bound to
3:10score 40 marks, listen. You have to
3:11score just 34%in the descriptive. 34%
3:14only. Can't you score that? I'm asking
3:16you to score just 30 marks out of an 88
3:18-mark paper. You have to score just 33%
3:20in the MCQs. Just score 10 marks out of
3:2230. Trust me, you'll clear this subject
3:26with 110%. This is the analysis I'm
3:29about to give you. I've already
3:30considered past papers. Plus, consider
3:32one more thing. I'm telling you to put
3:34aside the areas where students need
3:36effort for a little later. We'll try to
3:38tackle the easier chapters first. I'd
3:40like you to tackle the easier ones
3:42first. How? Look, sir, I'll get to the
3:44standards first. Listen, your module
3:47number one, brother, has sections from
3:50200 to 700. You know these are worth 44
3:52marks. Now I'm saying, just focus on
3:54your first and second priorities.
3:57You'll get the job done. Look, first
3:58priority is worth 25 marks. 25 marks,
4:00second priority is worth 14 marks. So,
4:02if I were your student today, I'd do my
4:05first and second priorities well. In
4:07this too, do the x and y things even
4:09better. Whatever I give you markings,
4:12you can read the z things on top of
4:14them for MCQ purposes. Okay? If you
4:16don't have time, then let it go. Yes,
4:18right? Yes. Then, third priority and
4:20fourth priority are the five marks for
4:22Milu, sir. Okay? Look, there's one
4:24thing I have to tell you. We'll study
4:26one thing after Section 143. Section
4:28143 One. Section 143 Three. Section 143
4:3112, which I teach you along with Karo.
4:33Where have I put that? Third priority.
4:35But where is Karo in my list? Is it
4:36first priority? He said, "Yes, sir."
4:39Another thing, when you cover 220 like
4:41XQ1, you also have to cover peer review
4:43, quality review, and NAFRA. There's
4:45also Mostent. Okay? Don't ignore that.
4:49Many people think this isn't even in
4:50the syllabus. Well, there's already a
4:51question on this in the syllabus. Is it
4:55? So, you have to do these first and
4:57second priority essays well. Next,
4:59brother, these new standards that have
5:01been added to the syllabus. Like this
5:03800 series, brother! My head is aching.
5:05Brother, with such a dangerous standard
5:07, SRS (SRS), my head is aching. SR,
5:08just like that, Sir, what should I do,
5:10what should I not do? So, when I did
5:12this analysis, I kept two things in
5:14mind. One, analyzing past papers, what
5:16could I expect in this attempt, plus
5:18where you would need more effort, I put
5:20that here, the high-effort standards,
5:22which you should do at the end. And
5:24where you would need less effort, I put
5:26that here, the easy ones here. So, I
5:27considered both things. Where you would
5:30need less effort, sir, those are the
5:32standards. Plus, these standards are
5:34also important. So, I think if these
5:36new standards are coming for 14 marks,
5:38how many? 14 marks. So, brother, 9 or
5:4110 marks will be enough from this. So,
5:44finish this first, brother, and please
5:46do it for sure. What's the point of an
5:49essay, brother? You do so many essays.
5:51So many. Now, sometimes ICI asks about
5:53it, sometimes it doesn't. Your wicket
5:56could fall in that, brother. You scored
5:58250 very well. You might not get it. So
6:01what are these 25 marks? All of this
6:03combined is 25 marks. You scored 580
6:06very well. You might not get it. Okay?
6:09But brother, the game is really
6:10interesting. If you do just this,
6:12you'll get 9-10 marks. Please do it.
6:15Plus, ICI itself said in its webinar
6:17that we'll start by doing this. But
6:19from here, we'll give direct questions.
6:23So, do these standards well first
6:24because they're easy. Plus, they're
6:26important based on past paper analysis.
6:29Okay? Yes. And then you do this: you'll
6:31get about five to six marks in the exam
6:33. Okay? Look, this is worth five marks,
6:35and this is worth nine. That's what my
6:38analysis says. Okay? Yes, sir, okay.
6:40Now, let's get to the chapters. There
6:42are chapters worth 60 marks. They're
6:44crazy, aren't they? What can I tell you
6:45, sir? What do crazy kids do? They pick
6:47up audit papers. They waste time on
6:49useless essays. They're studying 200,
6:52210, 230, and they've finished the
6:55useless fourth-priority essays like
6:58crazy. Later, their energy was so
7:00drained that they didn't even do the
7:01important chapters. They said, "I'm
7:03tired. Just do professional ethics, the
7:05audit is done, sir." Your game will be
7:08over like this. It won't work. You have
7:10to do the chapters. You have to do them
7:11. You'll pass only through the chapters
7:12. Questions come directly from the
7:14chapters. Write in the chat. I'll
7:15finish the chapters. I'll finish the
7:17chapters. I'll finish the chapters.
7:18Those chapters have to be done. Now
7:20listen carefully, sir. I've asked you
7:23to do the bank audit and NBFC audit
7:25later. Sir, listen, when I talk about
7:27leaving things out, you can leave the
7:28third and fourth priority for once.
7:30Okay? I'm not asking you to leave this
7:32one out. I'm saying you have to do it
7:35at the end, or at least cover as much
7:37as you can. Cover as much as you can.
7:40I'm not saying you should leave it
7:41straight away. In such a situation, I'm
7:42telling you, you can leave the third
7:44and fourth priority right away if you
7:45don't have time. But this one, brother,
7:47please cover as much as you can, do it,
7:49do it, do it, do it. But a little at
7:52the end, first, focus on this. Now
7:54listen carefully, sir, bank audit is
7:56dangerous. Sir, it's very big, keep it
7:58at the end. NBFC audit is dangerous,
8:00and it's even more dangerous after the
8:01amendment. Internal audit,
8:03investigation, keep all of these things
8:05later. In the worst case scenario,
8:06you'll get a maximum of 16 marks.
8:07Forget about 16 for a minute. First, I
8:09want you to focus on 44 marks, because
8:12these 44 marks are also easy. Okay?
8:14Plus, of course, there's an easy
8:16scoring option. Plus, according to
8:18analysis, the chances of getting these
8:20are higher. Okay? Now, there's no
8:22problem with the rest. There's going to
8:24be an uproar when I mention digital
8:26audits, sir. How did you even mention
8:27them in the "Low Efforts" section? So
8:28listen very carefully, sir. In my
8:30opinion, digital audits are manageable
8:33and predictable for banks and NBFCs.
8:36What's happening in banks and NBFCs is
8:38that they're asking anything. Asking
8:41anything, without reason. I don't know
8:43what they're asking in banks. But in
8:46digital audits, they're testing the
8:48underlying material. They're testing
8:50simple things. There's only one problem
8:52with digital audits: dangerous terms,
8:54and in fact, many. But brother, I've
8:56explained it to you by speaking and
8:58shouting in class, explaining it, and
9:00making you memorize it. So, please, do
9:03it, or watch my 40-50-minute revision
9:07video, sir. Memorize it, do whatever
9:09you want. But this is a digital audit,
9:11sir. It's more manageable. Even if you
9:14don't agree, it's more predictable than
9:16a bank or NBFC. Predictable means I can
9:19tell what's coming next. I'll share the
9:23X and Z markings in it, right? Okay?
9:25That means it's predictable, plus it's
9:26manageable. Yes, it requires a lot of
9:28memorization. You can pause my revision
9:30video and I'm talking about a topic.
9:32Okay? Then you pause. Memorize it again
9:35and again. I think the digital audit
9:37will be done. It's better than a bank
9:40or NBFC. Still, if you remove the
9:43digital audit from the exam, you'll
9:45lose five marks out of 44. So, first do
9:48the 39 marks well. Then add the digital
9:51audit. Okay? Yes. Then, instead of 16
9:55marks, add five marks to it. That means
9:57you'll get 21 marks. So, first try to
10:00finish the 39 marks. I'm not saying you
10:02should leave it straight away. Right?
10:05Yes. But you'll have to prioritize it a
10:07little later. This will be the best
10:09strategy. And what some students do is
10:11say, "Sir, it's just empty," and we'll
10:13focus more on the essays. My brother,
10:16look, the chapters are worth 60 marks,
10:18and the new standards are worth 14. Sir
10:20, how much is that? 74 marks. But how
10:24many essays do you have? 44 marks. So,
10:26you think you're going to pass by
10:28strengthening your essays? You're wrong
10:30. You'll have to focus on the chapters
10:32and the new standards. Professional
10:34ethics is also included in the chapters
10:35. How are the Plus essays? There's a
10:37lot of speculation. You did so much.
10:39Now I don't know which essays you asked
10:41and which ones you left out. There's a
10:42lot of speculation there, brother. Okay
10:44? But in these chapters, you know that
10:46if you do this much, you're bound to
10:47get 44 marks. That's why I'm saying do
10:49a digital audit. Digital audit is also
10:51better for you, brother. Because you
10:53know, yes, brother, I read seven or
10:55eight pages of the book. So you know
10:57I'm bound to get 44 marks in the exam.
10:59There's no problem. Okay? I have to
11:02like it. I have to hype it. Now I'm
11:06sharing with you my in-demand X and Z
11:08markings, the most expected topics for
11:11every chapter and every standard. Now,
11:15I'll show you my USP, the reason why so
11:17many students pass their CA Final Audit
11:19exams every time, and they get
11:21exemptions that students find tough.
11:23Listen carefully. I've brought you the
11:26sure-shot XYZ analysis of the CA Final
11:28Audit exam, so you'll be guaranteed an
11:30exemption. These are confirmed topics.
11:33The paper is made from these topics
11:34every time. I assign X and Z, and the
11:36entire paper comes from my X and Y
11:38categories. So, I can guarantee that
11:41whatever I mark in the X and Y
11:43categories, you'll get a 102+ score.
11:46Okay? I said, "Yes, sir." And this X
11:48and Z analysis is my USP. It takes a
11:50lot of hard work to analyze all the
11:52pass papers. So, don't watch it without
11:54liking it, hyping it, and sharing it
11:56with your friends. Share it with every
11:59friend. I'll get you your SS first. The
12:02complete free PDF of this book of mine
12:03is available on my Telegram channel.
12:05I'm not earning a single penny from
12:07this particular book. Come to SA 200,
12:09sir. Question one of SA 200, "Inherent
12:11Limitations Update," is in Z category.
12:13I'll tell you right now. Z category
12:15means it's a useless topic. Read it if
12:17you have time. Okay. If you don't have
12:19time, you can skip it. You only have to
12:21do X and Y well. Okay? Yes, sir.
12:23Question two is in Z category, sir.
12:25Okay? Question three, "Professional
12:26Skepticism," is also in Z category.
12:28That means the entire S to 200 is
12:30useless. S to 210, sir, are the factors
12:33we study. Okay? Factors where it is
12:35appropriate to revise the terms of
12:36engagement. It's in Z category. It's
12:38useless. Okay? He said, "Yes, are you
12:40enjoying it, brother?" So don't stop
12:41watching without liking it, brother.
12:43Like it right away. Okay? Question two
12:45is our X category. Okay? Look, sir.
12:48Question three is also our X category.
12:51Question four, sir, is Y category.
12:54Basically, read the X category
12:56thoroughly first, then the Y category.
12:58You should read the Z category only if
13:00you have time. Okay? Yes, I have given
13:02some instructions in between. I have to
13:05tell you a few things about a
13:06particular concept. So, it is very
13:07important to watch the video till the
13:09end because I am going to add
13:10instructions in between. I will also
13:12mention the X category in some places.
13:13That is, it is superintend. So, that is
13:15why I am telling you to watch the video
13:16till the end, sir. Watch question one.
13:18Come to SQC one. Question one, the
13:20objective statement, is Y category.
13:22Question two is in the Y category.
13:25Question three, sir, is in the Z
13:27category. Sir, leadership
13:28responsibilities, money, people, money,
13:30that's the Z category, sir. Okay? You
13:31can study for MCQ purposes. That's
13:34basically the Z category. Okay? Yes,
13:36sir. Question four, sir. I mean, did
13:39you understand basically? What kind of
13:40Z category is it? If you have time,
13:41it'll appear in the MCQ. So, study if
13:43you have time. If you don't, brother.
13:44Okay. Okay. And look at this too,
13:46what's the point? I've guaranteed you
13:48that it's out of x and y, right? Look,
13:50my x and y analysis, the x and y I'll
13:52give you, will result in 102 plus marks
13:54. Okay? That means, let's say you get 5
13:58or 10 marks in the Z category, so don't
14:00bother me. No one can predict it 100%.
14:03So, I'm predicting as much as I can for
14:05you. Even within that, I'm getting many
14:07topics marked in the Z category. So,
14:09there's no need to worry. Okay? You
14:11must have liked the video, brother. If
14:13you haven't, then do it. I've worked so
14:15hard for you. Come on, sir, where were
14:16you? Our leadership responsibilities
14:18have become the Z category. Then, come
14:20to question four, which is about
14:21ethical requirements. Look, this part
14:23is covered along with professional
14:24ethics. So, I'll explain the
14:26professional ethics part to you. Okay?
14:28I said, "Yes, sir." Then, look very
14:30carefully. I've got you marking this
14:33entire part in the X category. Okay?
14:36Then, mark this fourth and fifth points
14:39in the Y category. Then, you have to
14:41mark the entire question number five in
14:43the X category. It's important.
14:47Question number six is in category Z.
14:49In question number seven, the
14:50consultation section is in that
14:52category. Okay? That means read it two
14:54or three times. But do the rest of it
14:57very well. That's category X. Your
15:00chances of passing are very high. That
15:02means the engagement quality control
15:03review section is in category X. Okay?
15:05After that, the differences of opinion
15:06section is in category X. The
15:07engagement documentation section is in
15:09category X. You can read the rest of
15:10the consultation section once or twice
15:11and then get going. That's category Y.
15:14Okay. I said, yes sir, then come back
15:16to monitoring. Monitoring is in
15:18category Y. Similarly, come to 220.
15:20Leadership responsibilities are in
15:22category X. Then, in question number
15:24two, look at the first section, the
15:25first three points. The rest is in the
15:29Z category. Question number three is in
15:31the X category. Question number four is
15:33in the Z category. Question five is in
15:35the Z category. Question six is in the
15:37Y category. Okay? Then there's the peer
15:39review quality review. The whole thing
15:41is in the Y category. Then the entire
15:44standard from S to 230 is in the Z
15:46category. Look, the first question is
15:48Z. The second question is Z. The third
15:50question is Z. The fourth question is
15:52Z. Come to S to 240. Fraud versus error
15:54is in the Z category. Question two is
15:56in the X category. Question three is in
15:58the X category. Misappropriation of
16:00assets. Okay? The one above is about
16:02productive financial reporting. Both of
16:03these are X categories. Do this
16:05thoroughly. Okay? Management and
16:07Auditor Responsibilities is a Y
16:08category, the one that worries the
16:10whole of India the most. Fraud Risk
16:12Factors is entirely a Z category. For
16:14MCQ purposes, you have to read it once.
16:16If it's asked somewhere in the MCQ,
16:17then it's a Z category. Okay? Question
16:19Six, how do you remember such a long
16:21answer? This is also a Z category. For
16:22MCQ purposes, you can read it just like
16:24that. Question Seven is a Z category.
16:27Question Eight is a Z category. So, you
16:28see how many of these 240 were marked
16:29as Z category. The one you worry about
16:32is mostly a Z category. Okay? Question
16:34Nine is an X category. Question 10 is
16:36an X category. Question 11 is a Y
16:38category. Question 12 is in the Y
16:40category. Question 13 is in the X
16:42category. Questions 14 and 15 are both
16:45in the Z category. And question 16 is
16:47in the Y category. In many of the 240
16:49essays, I marked them in the Z category
16:50for the purpose of reading. Okay? If
16:52you want to study for MCQs, you can. So
16:54, brother, so much analysis is required
16:56for this. Okay? Come on, sir. Come to
16:58the 250 essay. Similarly, the first
17:00question in 250 is in the Z category.
17:02Question number two is a vote. Mark it
17:04in the X category. Question three is
17:05also in the Y category, sir. Question
17:07four is in the Y category. Question
17:09five is in the Y category. Okay? Some
17:11students message me, sir, it's okay if
17:13I just study X. Brother, please do X
17:15and Y well if you want to pass. Do X
17:17and Y well, do it. Yes, do X a little
17:20better. Then look at Y. Isn't that
17:22right? I said, "Yes, sir." Question six
17:24is in the X category. Question seven is
17:27in the X category. Question eight is in
17:29the V category. Question nine will
17:31become your Z category. Get to 260 like
17:34this, and do it well. The basics part
17:36is in the Z category. Then, this much
17:39in question number two is in the Y
17:41category. Look, I've written it on the
17:43side. Okay? But the significant
17:45findings from the audit will all be
17:47covered in your Z category. Question
17:50three is in the X category. Question
17:52four is in the X category. Question
17:55five is in the X category. Question six
17:58is in the y category, and question
18:00seven becomes your x category.
18:02Similarly, come to 265. This is mostly
18:04a z category. Look, this much part of
18:06it is z category. Okay? The part below
18:07is also z category. This is important.
18:09Do it thoroughly. This part is x
18:11category. Okay? The part about the
18:13letter of weakness, do it thoroughly,
18:14to understand what things you need to
18:15keep in mind in the letter of weakness.
18:17Similarly, come to 299. Question one is
18:19your x category. Question two is your x
18:21category. Question three is your x
18:23category. Question four is your y
18:25category. Okay? Come to 300, sir. Sir,
18:27in 300, question one is y category.
18:29Question two is x category. Question
18:31three is Y category. Question four is
18:33your Z category. Five is Z category.
18:35Then the sixth one is Y category. Your
18:38seventh one is X category. Eighth one
18:40is X category. Ninth one is also X
18:43category. 10th is Y category. 11th is
18:46X. Right? Yes sir. Yes sir. Yes. 12th
18:49one is X. 13th one is Z and 14th one is
18:53Z. From S to 315 the whole thing is
18:56useless. Look Z category Z category Z
18:59category Z category Z² category means
19:01absolutely useless, that is Z²
19:04absolutely useless. Come to 320 like
19:06this. This is X category. These are the
19:08X category which are factors. Right?
19:09Then this is X category. Finally we
19:11have Z category. Come to 330 like this.
19:14330. How much do you need to study
19:15thoroughly? Look, this is X category.
19:17This one above is Z. I told you. Okay?
19:20Then look, this entire chart is Z
19:21category. What's written below is X
19:23category. Do it carefully. Risk
19:25Assessment Internal Control. Look, Sir,
19:27Question One is completely Z category.
19:30Question Two is X category. Question
19:32Three is Z category. Question Four is
19:34important to you, is it X category?
19:36Isn't it? I said yes, Sir. Question
19:38Five is X category. Question Six is X
19:40category. Question Seven is X category.
19:43Question Eight is X category. Question
19:45Nine is Z category. Question 10, now
19:47look what's in this, it's completely Z
19:49category. Accept the Risk Assessment
19:51Process. This risk assessment process
19:53is a thing. Separate questions can be
19:55created on the circumstances in which
19:57risk can arise and change. Do this
19:59thoroughly, and you can just read the
20:01rest for MCQ purposes. Okay, this is
20:05category Y. Question 11, and question
20:0712 are also in category Y. Question 13
20:10is category Z, question 14 is category
20:12Y, question 15 is category X, question
20:1516 is category X, and question 17 will
20:17be your category Y. Come on, sir, come
20:19on to 402. The definitions in 402 are
20:22category Z. Question one is your
20:24category X. Question two is your
20:26category X. Do this thoroughly.
20:29Question three is in the Z category.
20:30Question four is in the Y category.
20:32Question five is in the X category.
20:34Question six is in the Y category.
20:36Question seven is in the Z category.
20:38What is your question eight, sir? It's
20:40in the Z category. Okay? Look, there
20:42are 400 like this, so I get confused
20:43with so many answers. So, just read
20:45this last answer. Don't focus too much
20:47on memorizing it. Okay? This helps you
20:49prioritize which things to pay more
20:51attention to and which things to read
20:52for MCQs. So, brother, please like the
20:54video if you haven't already. Let's get
20:57to 450 like this, sir. Question one is
20:59in the Y category. Question two is in
21:01the Y category. Question three is in
21:02the X category. Question four is Z
21:04category, this. Question five is Z
21:06category, this. Question six is Z
21:08category, this. Question seven is X,
21:10and question at X. Okay? Hearing Z
21:12category brings a wave of joy. Isn't it
21:14? 500 such Z category questions,
21:17question two is X category, question
21:19three is Z category. In the last
21:21attempt, I had said that if you answer,
21:23then the question will come. Okay? So
21:25this question will come from question
21:26three only. And the question was made
21:27from question three itself. Do you
21:28understand this? So what is this for
21:30you now? Z category. In the last
21:31attempt, I had told the batch members
21:33that question four is Z category and
21:35question five is also your Z category.
21:37Like this 501 listen brother. X
21:39category ok sir. X category ok sir.
21:42Then question three is in the Z
21:43category. Question four is in the X
21:45category. Question five is in the X
21:47category. Question six is in the X
21:50category. Question seven is in the X
21:51category. Your questions eight and nine
21:52are Z. Look, so much Z has been marked.
21:54Look at how much content there is in
21:55the ninth one. The entire content has
21:57been marked in the Z category.
21:58Similarly, on 505 external
22:00confirmations, all these are
22:02definitions. Mark them. Some of the
22:04definition is in the Z category. Some
22:05of the definition is in the X category.
22:06Question two is in the Z category,
22:07question three is in the Y category.
22:08Question four is in the Z category,
22:10question five is in the Z category.
22:11Okay? Yes. Question six is in the Y
22:13category. Question seven is in the X
22:15category. X category. Question eight is
22:17in the X category. Question nine is in
22:19the X category. In question 10, the
22:21upper part is Z. What are these other
22:22two? It is X category. Question 11 is
22:24absolutely useless. Z category, what is
22:26question 12? Y category. Like this come
22:28to 510. Question one is Z category,
22:30question two is Z category. Look in
22:32question three, look look, the
22:33objective statement is X category. The
22:35rest is all Y category. Is it okay? He
22:37said yes. Question four is X. Question
22:39five is Z. Question six is X. It is
22:42important sir. Question seven is X. It
22:44is important. And question eight is
22:46also more important than X. Like this
22:48520 see how much do you have to study
22:50in this? Do question number one and two
22:52well. Both of these are X category. The
22:53rest is completely standard part two.
22:55Question 3 4 5 What are all three of
22:56these? Z category. Come to 530, sir.
22:59All the definitions are Z category.
23:01Then sampling risk and these risk
23:02factors are important. It is X category
23:04. Question three of yours is about Z
23:06category approaches. Question four,
23:08which you read, random sampling,
23:10interval sampling, and monitoring unit
23:12sampling, is all Z category. So there's
23:14no need to worry. Question five is I
23:17category. Okay, sir. Come to question
23:19six. It is X category. Question seven
23:20is X category. Question eight is Z
23:22category. Your question nine is Z
23:25category. Come to 540, sir. Question
23:27one is X. Question two is X. Question 3
23:294 5 What are all three of these, sir?
23:31Question 6 is y. Question 7 is x.
23:34Question 8 is x. Look at question 9, "
23:37Risk Assessment Procedures," it's in
23:39the x category. Okay? The part about
23:41obtaining understanding is also in the
23:42x category. This third part is also in
23:44the x category. But this next part is
23:46in the z category. Separate questions
23:47can be made from all of these. Okay? 1
23:502 3 4, separate questions can be made
23:51from all of these. Okay, sir. Then
23:54question 10 is in the x category.
23:55Question 11 is in the x category, and
23:57question 12 is in the y category.
23:58Question 13 is in the z category. Do
24:00question 11 very carefully. I would say
24:02it's in the x² category. That means
24:04it's super important, sir. Isn't it? I
24:05said, "Yes, sir. Come on, sir. Let's
24:08come to 550. Question number one is Z
24:10category. Question number two is Z.
24:12What is question three? X X X X X Come
24:15to question four, it's again Z category
24:18. Come to question five, it's X
24:20category. Come to question six, it's Z.
24:23Question seven is X. Your question
24:24eight is Z category. Your question nine
24:27is X category. Then come to 560.
24:30Meanings and all that go to hell. It's
24:32basically Z category. Okay? Then
24:34question two is X category. Question
24:36three is Z category. Question four is Z
24:39category. If you get a question out of
24:42560, sir, then 99.99%of the questions
24:44will come from here. Facts from
24:46question number five. Now look smartly
24:47at this too, the first four points are
24:49in the x category. The fifth point is
24:51in the z category. Look, sir, the first
24:52four points are in the x category. The
24:54fifth point is in the z category. If a
24:56descriptive question comes from this,
24:58you have to write down only the parts 1
25:00, 2, 3, 4 and proceed. Question six is
25:02in the z category. Question seven is in
25:03the z category. Now look, if a question
25:05comes from 560, there is a 99.99%chance
25:07that the question will come from these
25:09empty facts only. You should memorize 1
25:11, 2, 3, 4 only this much. You should
25:12understand and remember this. Okay? Yes
25:15. If you do even this much in π60, you
25:17will be successful. Similarly, come to
25:19π70, sir. Question one is in the z
25:21category. In question two, the first
25:23four parts are in Z category. The rest
25:25are in Y category. Question three is in
25:27X category. Okay? Question four is in X
25:30category. Then come to question five.
25:33The entire reporting part is in X
25:35category. Come to 580, sir. It's Z
25:37category. X category category. 1 2 3
25:39Okay? Yes. Then the fourth question is
25:42X. The fifth question is X. In question
25:44six, look, the first three parts are Z.
25:46Then this next qualifying language part
25:48is in Z category. Then look, look, look
25:51, this part is X category, and the line
25:53below is Z category, meaning some
25:55things are Z. Some things are X.
25:57Question seven is X category. Question
25:59eight is in the Z category. Okay? Yes.
26:08Sir, please like the video. After that,
26:11come on. Like this 600. How are you
26:14doing in the 600? Sir, the first three
26:16points, in the basics, are in the Z
26:17category. Then the fourth, fifth, and
26:19sixth points are in the X category. The
26:21last point is in the Z category for you
26:22. The second question is important. The
26:24most important is the X category. Come
26:26on to the third question. These first
26:28two boxes are in the X category. Then
26:30this entire Mahabharata is in the Z
26:32category. You will get clarity, brother
26:34. What should you prioritize? Okay? So,
26:36brother, I have worked so hard for you.
26:38If you haven't liked it yet, then you
26:39are shameless. Then what can I say to
26:41you? Look, the first two boxes are in
26:43the X category and share it with every
26:44friend, brother! Everyone, share the
26:46joy of the victim audit, brother. Do
26:48good and good will happen, do you
26:49understand? Yes. Then look, the entire
26:51Mahabharata has come under Z category,
26:52right? The entire Mahabharata is Z
26:54category. Question four is Y category.
26:56Question five is X category. Question
26:58six and seventeen are X category. Come
27:01on like this, 610. The first question
27:03is Z category, the second question is X
27:05category, the third question is Y
27:06category, the fourth question is X
27:08category, the fifth question, sir, is X
27:10category. The sixth question is Sir
27:14category. The seventh one is Z category
27:16. The eighth one is X category. The
27:18ninth one is X category. The tenth one
27:20is absolutely useless. Do the Z
27:21category, the 11th one, Sir, X category
27:23. Like this, come to 620, Sir. The
27:25first one, Z category. Like this, 620,
27:27what is the first question? It's
27:28absolutely useless. Z category for
27:30basics. Okay? Do X well first. Pick up
27:32any chapter. So do X well first. Then
27:34do Y well. Read Z if you get time.
27:37Question two is Y category. Question
27:39three is Y category. Okay? Yes.
27:40Question four is X category. Question
27:45five is X category. Question six is Y
27:47category. Question seven is X category.
27:50Look at question eight, Sir, this part,
27:52Sir, put it in Y or Z category, Sir.
27:54Put the second thing, this, in Y and Z
27:56category as well. And the one below is
27:57completely useless. Put it in the Z
27:59category. The ninth and tenth are
28:01important. Do the X category thoroughly
28:02. The eleventh is the X category. Just
28:04read the 12th. It's the Z category.
28:06Okay? Yes. Then come to 700, sir.
28:08Question one (Z) this, Question two (Z)
28:11this, Question three (Z) this, Question
28:14four and five (Z) this, put it in the Y
28:16or Z category. Question six (Z) this,
28:19Question seven (Y and Z) this. That
28:22means, nothing has come up in the X
28:23category yet. If a question comes up,
28:25it will fall into one of these two
28:26categories out of 700. If you do
28:28questions eight and nine well enough,
28:30it will be fine; both are in the X
28:31category. Okay? Yes. What are questions
28:3410 and 11 again, sir? It's in the Z
28:35category. Then come to 701, sir. Look
28:37at 701, sir, in the definition, the
28:39first two points are in the X category.
28:41What are the first and second points? X
28:43category. The third and fourth points
28:45are in the Z category. The fifth point
28:46is again in the X category. Then the
28:48introductory language of the CAM
28:49paragraph is in the Y category.
28:50Question three is in the X category.
28:52Question four is in the X category.
28:53Okay? Yes. Question five is in the X
28:55category. Question six is in the X
28:56category. Question seven is in the X
28:58category. Seventh question. Okay? Then
29:00come to 705. Circumstances of
29:02modification is in the Z category.
29:04Types of modification is in the X
29:05category. And the rare case I teach you
29:07, the disclaimer of opinion, is in the
29:09Z category. The pervasive thing,
29:11meaning the definition of pervasiveness
29:12, is Z category. Then question three is
29:14also Z category. Sir, question four can
29:16come. Tell me the special
29:17considerations, sir. It is X category.
29:19Okay? I said, yes, sir. Question five.
29:22Look, sir. Now what's the point in this
29:23? The first two points are Z category.
29:25The third point is X category, and the
29:27fourth point is Y category. This third
29:29point can be made into a separate
29:31question. You may see it in the exam.
29:33Question six is the most important, X
29:35category. Question seven is also X
29:36category. Questions eight and nine are
29:38Y category. Similarly, come to 76. This
29:41is X category. Definition, then
29:43question two is also X category. These
29:45are examples of EOM paragraphs.
29:46Question three is also in the X
29:47category. Question four is Z Z Z Z Z Z,
29:50right? Yes. What is question five and
29:53six? X category, and question seven can
29:55be put in the Y or Z category. Like
29:57this, come to 710, sir. Like this, 710
30:00is the entire thing. Look at the X
30:01category, there is 1x, 2x, 3x, 4x, 5x.
30:04Do it properly. It's a small standard.
30:05It's 1/2 page. Just 1 is not even 5
30:08pages. It's 1.25 pages. It's one and a
30:11quarter page. So do it properly. Okay.
30:13He said, okay, sir. Now come to
30:15question one. Z category is like this,
30:18720. Come to question two, sir. X
30:20category, come to question three. Sir,
30:23it's Z category, it's useless, brother.
30:25As for the reporting part, just read it
30:27, sir. There's no need to worry too
30:29much, okay? I'll tell you, there are
30:31720, right? Many people skip, focusing
30:36solely on 705 and 701. So, if you get
30:37through 720, there's a high chance
30:39you'll either get a question from
30:41Question Two, or Question Five. Just do
30:43that, and you'll be done. I have a full
30:45marathon, a revision marathon. If you
30:47go to my channel's playlist, you'll
30:48find a marathon of essays here, brother
30:49. Do that, and you'll be fine. The rest
30:52of the reporting part is in the Z
30:53category. Don't worry. These two things
30:55are the only important things in the
30:57entire essay. So, if you're getting
30:58clarity from this, like it. If you
30:59haven't hyped the video, have some
31:00shame. Section 143 Now you'll enjoy the
31:02next level. The entire Z category, hi!
31:05The entire Z category. Look, this is
31:07the Z category. Hash! Look, this is the
31:10entire Z category. Hash! Sir, I enjoyed
31:12it. I enjoyed it. I keep liking it. Z
31:14category, hush! That's all you have to
31:16study. Look, X category. Do it well. Do
31:19the rest if you have time. Do the Z
31:20category too if you have time. Don't
31:22come and abuse me if you get 10-12
31:24marks. Sir, look, this is the entire Z
31:26category. I've only marked this much in
31:28the X category. Just look at these
31:29four-five lines. I've got the entire
31:31rest of the chapter marked in the Z
31:32category. You can imagine the whole
31:34thing, the whole thing. Look, the
31:35entire section 143 will be put in the Z
31:37category. Do you understand? Share this
31:39with all your friends. Watch the video
31:41till the end. Okay, brother. This is a
31:43very valuable thing, which you will
31:45hardly find anywhere else. The entire
31:47Caro 2020 is X-category. Brother, do it
31:50thoroughly. You should leave no stone
31:52unturned. People have a misconception
31:53about cars. We have to memorize
31:55everything. Brother, we just have to
31:56read it. We just have to read it. You
31:58can understand it and write it in our
31:59own language. You get marks, you get
32:01marks. Isn't it? Yes, sir. Come on, sir
32:04. And in cars, brother. It's not
32:06necessary that you remember the clause
32:07number. If you don't remember, you can
32:08write it. On this, the relevant clause
32:10of paragraph three of Caro 2020. Is it?
32:12I said, yes, sir. Yes, keep one thing
32:14in mind about cars. There is an
32:16amendment in this small company. I have
32:18uploaded a video of its amendment. This
32:2010 and this has become 100. Okay? I
32:24have also uploaded a video of the
32:25amendment in this small company. This
32:26amendment has come. There's nothing
32:28else in it. Okay? Yes. If I were to go
32:31into detail about this, it's in the X
32:33category in terms of applicability. As
32:36for the rest, it's a small company, and
32:37ICI never bothers with it. So, you can
32:39treat it as the Z category. Okay? If
32:41you don't want to read the Exceptions
32:42to Small Companies, then don't. This
32:44Z² category is completely useless. If
32:46you want to read about Small Companies,
32:47just read the 10 and 100 definitions,
32:49and that'll do. Exceptions to Small
32:51Companies. Okay? If you have time,
32:52understand it. If you don't understand
32:53it, then to hell with it. Although,
32:54there's only a two-minute video about
32:56it. Okay? I've posted it on my channel.
32:58You'll find a couple of videos below.
33:00Okay? Yes. I've posted a small company
33:02amendment to cars. Okay. The video is
33:04called Audit Amendment to Small
33:06Companies. Come on, sir. So, don't
33:08worry about cars. Come on, sir. This is
33:10the mistake kids make, sir. They
33:12exhaust all their energy on the SA 700
33:14series, then S 800, SRS SR, and similar
33:16chapters, but they don't do all this.
33:18Brother, please do it. ICI said in the
33:20webinar that direct questions come.
33:21Very cute! Look, S 800 and 805 are the
33:24most important in this attempt. I've
33:26already given you the list of important
33:28chapters and SS at the beginning of
33:29this video. Okay? Look, question one is
33:31X category, question two is X category,
33:34question three is Z category, question
33:36four is X category, question five is Y
33:39category, and question six is your X
33:41category. Question seven is X category.
33:43Okay? Yes. Isn't it? Look, some
33:46questions have related special points.
33:47I put these in my Magic Book this time
33:49too. Come on, sir. Come on, like this,
33:51to 805, sir. Question one is Z.
33:53Question two is Z. Question three is X
33:55category. Question four is X category.
33:58Okay? Yes. I'll tell you to mark
34:00question four as X² category. And this
34:05one, you see, this much part, mark it
34:07as X² category because it's the
34:09majority. There's also a separate
34:12question above it in the Question Book.
34:13Above what? From point number four to
34:15point number eight. Okay? Do this
34:17carefully, sir, look at it completely.
34:23There's also a separate question above
34:24it in the Question Book. Okay? So,
34:26either that question can come up, which
34:27is in the Question Book. Or they'll ask
34:29, Considerations One, Accepting Such
34:30Engagement. If they ask for your
34:31considerations, you have to come with
34:32the complete answer written down. Or
34:33you have the question in your question
34:34book. If you know, that is also free on
34:36Telegram. Okay? In that, from question
34:38four to this point number four to point
34:40number eight, there is a separate
34:41question above it in your question book
34:43. Okay? Yes. So look, I have got this
34:45x² category marked. Question four x
34:48x² category x², that means very
34:50important. Okay? Question five is x
34:52category. Look at question six, the
34:54first three points are z category. The
34:55fourth point is x category. A separate
34:57question can be made on this. Then this
34:59example is y category and whatever is
35:01below it is completely x category. It
35:03is mostant, sir, mostant. Let's cut the
35:0511th point and let's go, that is z
35:07category. It is not of much use. Come
35:09to 810 like this. Question one z
35:11category question two y category. Then
35:14see, this one is z category. This one
35:18is y category. Look, I have marked it
35:20on the side also. And this whole part
35:22below is y category. Question three is
35:24z category. Question four z Question
35:26five z Question six z I enjoyed it sir.
35:28I enjoyed it sir. I enjoyed it.
35:30Question seven z Question eight y
35:32category. Question nine y category
35:35Question 10 z category. Okay? Now sir
35:38listen very carefully sir. Leave it
35:40here, I will tell you at the time of
35:42SRS. Question 11 is Y category,
35:44question 12 is your Z category. So with
35:47this, your essay portion ends. Now
35:50we'll start the non-essay portion. Now
35:53we'll decode the non-essay. It's great,
35:55I'll get you to mark important topics.
35:58Watch very carefully, sir. Share this
35:59video on every Telegram group, brother.
36:02You guys want to create a stir. Watch
36:05very carefully. It's most important,
36:06sir. Non-essay, brother. I'm telling
36:08you the truth. If you want an exemption
36:09, if you have even the slightest
36:11intention of getting an exemption in
36:13the audit, then do the non-essay well,
36:15non. You did the essay well, which the
36:16majority of students don't do. You'll
36:18definitely get a competitive edge. I'm
36:20110%sure you're getting an exemption
36:21because non-essays don't do it well.
36:23The whole of India is after Essay,
36:25whereas in Essay there is more hard
36:27work, more effort, but the result is
36:28less because you don't know which Essay
36:30will be asked. Essay brother is very
36:32easy, it will be done, it is short, it
36:34is scoring, okay and they also ask
36:36direct questions like ICI, so please do
36:38it well. Come on sir. Now let's come to
36:40SRS 4400. Question number one is of V
36:42category. Question number two is of X
36:44category. Question number three is of X
36:46category. Question number four is of Z
36:48category. Question number five is of Z
36:50category. Question number six is of X
36:52category. Question number seven is of
36:54its report. Okay? So see point no. 2 to
36:5612 is of X category. Rest all are
36:58points of Z category. Question number
37:00eight is of Z. Question number nine is
37:02of X. Sir, I've provided a common
37:03report format. SRS, SR SE, sir. There
37:06are so many report formats. It's
37:07impossible to remember them. You'd go
37:09crazy, but you won't remember them. So,
37:11I've provided a common answer. If you
37:13go to my YouTube channel, scroll
37:14through a couple of videos, and you'll
37:15find them below. Okay? I've already
37:18uploaded a video called" Common Answers
37:20. "Please check that out. It contains
37:21the common answer for all SRS, SR SE,
37:23and SE. Okay? This video, you'll find a
37:26couple of videos below. Check that out.
37:28It's the most recent video, and please
37:30like this one too. Come on, sir, come
37:32to SRS 44 10. What is it, sir? This
37:34part is in the Z category. Then this
37:36part is also in the Z category. Look at
37:38it, take a closer look at this thing.
37:41I've marked the Y category point with a
37:43star. Okay? The rest of it is the
37:45entire Z category above. Then this is
37:47the Y category, and this point below is
37:49the Z category. Question two is the Z
37:51category. Question three is the Z
37:52category. Question four is the Z
37:54category. Question five is the X
37:55category. Question six is the Z
37:57category. Last time, I told you, if a
37:58question comes up, it will come from
38:00question six. It will come from here,
38:02and last time, a question came from
38:04question six. Question number seven,
38:06look, what's in question seven? Points
38:08one through four are your Y category.
38:11But what about points five to 10, sir?
38:14They will be X category. Question
38:15number eight is the Z category.
38:16Basically, what are you supposed to do
38:18in the report? Don't read their reports
38:19. Just watch my video on common answers
38:21. Okay? Yes. The video on common
38:23answers is the most important one. Be
38:25sure to watch that. I've uploaded it on
38:26YouTube. Come to SR 2400. Question one
38:28is Z category. Question two is X
38:30category. Okay? Yes. Question three is
38:33again Z category. Question four, look
38:35sir, this is Z category in that. This
38:37is Z category. Inquiry Analytical
38:39Procedure is Z category. Again, I told
38:41you if a question would be made. Okay?
38:43Then it will be made from this, and the
38:44question was just made from this. So
38:46now this is Z category. Question four,
38:48look, this part is Z category. Okay? Do
38:51the going concern part carefully. This
38:53part is Y category. The part below has
38:55again become Z category. Then look at
38:57question number five, point 5 is Y
38:58category. Okay? This question four that
39:00you're reading has a lot of points.
39:02Look, the first point is Z. The second
39:03point is Z. Okay? What's the use of
39:05this? Just do the going concern part
39:06well. And do this additional procedures
39:09part well. Okay? Point number five. You
39:11can make a separate question out of
39:13this. This is Z category. Then question
39:16six is also completely Z category.
39:18Question seven is X category. Question
39:21eight is V category. Question ninth is
39:24Z category. Question 10 is X category,
39:2611 is X category. 12th is Z category.
39:3113th is Z category, 14th is V category.
39:33Come to SR 2410. Question one is Z
39:36category. Question tant is X category.
39:39Brother, it is important. A question
39:40can be made out of this. I am feeling
39:42like this. Question three is X category
39:45. Question four is Z category. Then the
39:49fifth one is X category. The sixth one
39:51is Z category. The seventh one is X
39:53category, the eighth one is X category.
39:55And the ninth one is X category. Come
39:58to SA 3400 Sir. SA 3400 Question one is
40:01Z category. Then this one is completely
40:03Y category. Question two, question
40:05three are Z category. Question four is
40:07X category. Question five is Z.
40:10Question six is Y category. Question
40:13seven is Z. Eighth is Z. Ninth is Z.
40:15Tenth is Y category. Come to SA 3402.
40:18The first question is X category. The
40:21second is X category. The third is X
40:23category. But even in this, a separate
40:25question can be made on the 11th point,
40:27based on the written representation.
40:28Okay? So, that x means that category of
40:30x can also be a separate question for
40:32it. That means, it can either be a
40:33separate question for the 11th, or it
40:35can be a complete question like," How
40:37such engagement is proceeded with? "
40:38Okay? Anything can happen. If the
40:41complete question is" How such
40:42engagement is proceeded with, "then
40:43what you should do is write any five or
40:45six points. Okay? And if this question
40:47is specifically for the 11th, then you
40:49will have to write this much in it. If
40:51the complete question is" Sir, how such
40:53engagement is proceeded with, "then
40:54this becomes your question. Okay? How
40:56can the engagement of 3402 be done like
40:58this? So, in this, you can randomly
40:59pick any five or six points and write
41:00them down. Then, it's fine if you don't
41:01write the WR point in it. It's okay if
41:03you don't mention the return
41:04representation point. Okay? Question
41:06number four. In this, point five is in
41:08the X category, the rest are in the Z
41:09category. Again, where do you want to
41:11see this report thing? I've posted a
41:12video of the common answer. There are
41:14many reporting elements in SRS, SR, and
41:16so on. Okay? So, just understand the
41:18common answer thoroughly. If you try to
41:20answer the rest individually, you'll go
41:22crazy. Question five is in the X
41:24category. Question six is in the X
41:26category. Question seven is in the X
41:27category. Similarly, 3420. These two
41:29seem to me to be very important for
41:30this time. One is like this, 3402. The
41:32other is like this, 3.20. Look,
41:34question one is in the X category.
41:36Question two is in the X category. Sir,
41:38in this too, point number six can be
41:40used as a separate question. So keep
41:42that in mind. Okay? This part can be a
41:44separate question. Meaning, it will
41:46either be a separate question. Yes. Or
41:48what will happen, sir? It will be a
41:49question about factors to consider. So
41:51you have to write it completely. Okay?
41:53That means, either it will be called
41:54factors to consider before accepting
41:55engagement, so you have to write it
41:56completely. Or specifically, you will
41:58get a question about point number six:"
42:00Tell me what is the responsibility of
42:01management? "Basically, what is the
42:03responsibility of the responsible party
42:04? You will get a question like this.
42:06That's it: Tell me the responsibility
42:07of the responsible party. Question
42:09three is your z category. The entire
42:11thing. Question four is x. Question
42:13five is x. Look, in question six, five
42:15is your x category. It can be a
42:17separate question. The rest are z
42:18categories. Okay? Rest of the points,
42:20look at the z category, what is the
42:22responsibility of the practitioner, do
42:24it properly, separate questions can be
42:26made on this for you on digital audit,
42:28come on, question one is z, question
42:30two is y, question three is y, question
42:32four is y, question five is y, question
42:35six is y, question seven is y, stages
42:37in question eight are x category. Then
42:39this part is x category. Then this part
42:41is z category. If digital audit is not
42:44being done then please read at least x
42:45two-three times. So at least you will
42:47get marks in MCQs. Okay? Yes. Come on
42:51sir. What I am saying is please do not
42:53leave the entire digital audit. I had
42:54also told in the beginning of the video
42:56that why digital audit is easy as
42:58compared to banks and NBFCs. Okay? This
43:00has become even more complex in NBFCs
43:01after the amendment. But digital audit
43:03will happen sir. I am saying this.
43:04Don't listen to anyone. Don't listen to
43:06your seniors. Everything can go to hell
43:07. I am saying this, it will happen.
43:09Question 9 is x category. Question 10
43:11is z category. Question 11 is x²
43:14category, super duper important.
43:17Question 12 is x category completely.
43:21Question 13 is x category. Question 14
43:24is z category. Question 15 is z
43:26category. Question 16, the
43:28considerations for remote audit in 16,
43:30is z category. Okay? Advantages,
43:33disadvantages are v category. Then data
43:35analytics is x² category, that is,
43:37superintend. Test performance using
43:40cart is z category. Internet of Things
43:43is v category. AI is a category.
43:45Blockchain is a category. NFTs are a
43:47category. Robotic Process Automation is
43:50a category Z. Then question 22 is a
43:52category X. The entire next generation,
43:54already, part is a category Y. Then
43:56these potential applications are also a
43:59category Y. The considerations for the
44:01metaverse are a category Z. The risk
44:03below is back in a category Y. Come to
44:05the group audit. Look, sir, category X,
44:08category X, category X, category X. The
44:11first page is entirely X. Come to the
44:13next page, category X, category X,
44:15category X, category X, okay? Yes, now
44:18the ninth question is a category Y,
44:20about its consolidation adjustments.
44:23Question 10 is Y category, Question 11
44:26is Z category, Question 12 is X
44:29category. Look at Question 13, this is
44:32X, this is Y, Z, these three are
44:35important X, X, X, x, rest of these,
44:38just read them once. (These days)
44:40number just read once, Z category, not
44:43sont, okay? Yes, this time you will
44:45definitely get the group audit, get it
44:46written and take it. So please do it
44:47well, don't skip the group audit. Those
44:49who are skipping the group audit,
44:50brother, you are doing a big mistake.
44:52Five to six marks, get it written and
44:53take it, it will come, it will
44:54definitely come, okay? You will thank
44:56me after the exam. Question one is Y
44:58category, Question two is X category.
45:00In bank audits, question three is X
45:03category, question four is X category,
45:05question five is I category. Look at
45:08question six, it's Gen Z, cash is Z,
45:10clearing is Z, loans and advances is X
45:13category, demand draft is V category,
45:15and credit card is X category. Question
45:20seven is completely X category,
45:22question eight is X category, question
45:25nine is Y category, questions 10, 11,
45:2812 are Y category, question 13 is X,
45:31question 14 is X category, question 15
45:34is X category, question 16 is X
45:36category, 17 is Z category, question 18
45:39is Z category, 19th is Z category, 20th
45:42is Y category, 21st is X category, 2
45:45and 23 are Y category, 24th is X
45:48category, 25th is Y category, 26th is X
45:51category, 27th is X category, 28th is Y
45:54category, 29th is X category, question
45:5730th is Y category, 31st is Z Category
46:0032, so look at the MCQs, okay? And what
46:03is 33, this is a bonus answer. For
46:05those who don't understand anything
46:06about bank audit, this is a bonus
46:07answer, brother. If you go blank, you
46:09have to write this much to pass the
46:10bank audit, okay? Yes, you read my
46:12revision video, and we discussed the
46:14answer in depth in it, okay? Come on,
46:18sir, let's come to NBFC audit. Sir,
46:20question one is Z category, question
46:22two is X category. Now look, these
46:25limits are important, these limits are
46:28latent, okay? Look, I've marked them on
46:30the side and given them to you. Then
46:33how are question 3, Z category,
46:35question four? Just read all these
46:37things. Memorize the Z category core
46:38investment company very well. That's
46:40the X category. Okay? Yes. Apart from
46:43that, all the amendments that came, sir
46:44, are all X category. I even uploaded a
46:46video of the NBFC amendment on YouTube.
46:48All the amendments are X category.
46:50Banks versus NBFCs are Y category. In
46:53question six, audit procedures, one 4
46:55is X category. 5 is Z category. Look,
46:57this is point five. This is Z category.
46:59Okay? Yes. Now, look, here the question
47:01will be about audit procedures. It is
47:03here, right? It can be a separate
47:04question. Look at this point number
47:06four, this can be a separate question.
47:07Look, this is all the points, yes, and
47:09this upgrading and downgrading can be a
47:11separate question. Look, I have marked
47:13it on the side, okay? This can be a
47:14separate question and there can also be
47:16a separate question for upgrading and
47:17downgrading, that whole thing is
47:18important. The product part, X category
47:20, audit checklist, X category, index,
47:22applicability, Z category, difference
47:24between division to division three, X
47:26category, audit report to board of
47:28directors, this whole thing is X
47:29category for you. Question 11, Question
47:3112, X category. The entire calculation
47:34part, all the calculation part, is
47:35completely X category. You can ask it
47:37anywhere in the descriptive section of
47:39the MCQ. Okay? Question 12 and 13 are
47:40completely X category. Question 14 is
47:43Z. Question 15 is X. What is your
47:45question 16? X category. Question 17 is
47:48X category. Come on PSU audit sir.
47:51Question one is V category. Question
47:53two is V category. Third question is X
47:55category. Fourth is V category, fifth
47:59is Y category. Sixth is Z category.
48:03Okay? Definition and category in the
48:06seventh one. Rest of the three E's are
48:08economy efficiency, effectiveness, just
48:10read Z category. Question 8 9 10 11 are
48:12complete. It is X category. Okay? All
48:14four are complete. Then question 12 is
48:17X category. Question 13 is Z category.
48:20Okay? Yes. Question 14 is X. Question
48:2415 is Y category. Question 16 is X
48:26category. How is it in PSC audit
48:28brother? Look, till date there has not
48:30been a single attempt in which PSU
48:32Audit has not come up. He is asking
48:34about PSU Audit. Okay? And what about
48:36sometimes? If not in descriptive then
48:37he is asking in MCQ. So if you find PSU
48:39Audit difficult, if you are not able to
48:40remember it, if you find it technical,
48:42then read it once for MCQ, it is very
48:44important sir. Okay? PSU Audit once
48:46from MCQ purpose, even if it is from
48:48MCQ purpose, at least read it. Come on
48:51sir. Don't leave PSU Audit. Internal
48:54Audit first question, Z category.
48:57Second is Y category, third is X
48:59category, fourth is Z category, fifth
49:01is X category, sixth is X, seventh is X
49:04, eighth is also X, ninth is X, 10th is
49:06Z, 11th is X, 12th question is
49:08important, X category, 13th question is
49:11Z category, 14th is Z, 15th is Y, 16th
49:13is Y, 17th is Z. In the last attempt, I
49:16had got it marked as X² category
49:18thinking that if it comes from internal
49:20audit then it will come and this is
49:23what came in the last attempt, hence
49:26this time it became Z. Last time it was
49:28x² brother. Don't do anything, at
49:29least do that x² brother. I had said
49:31so. So brother it came from that only.
49:33Okay? Yes sir. So a lot of analysis is
49:35required for all this. Question 18 is
49:37in the y category, question 19 is in
49:38the y category, and question 20 is in
49:40the z category. Come to due diligence.
49:42The first question is z. The second
49:44question is x. The third is x. The
49:48fourth is y. The fifth is x. The sixth
49:51is x. The seventh is x. The eighth and
49:53ninth are z. The 10th and 11th are x.
49:56The 12th is also x, and the 13th
49:58question is y, okay? Come to
50:00investigation. The first question is x
50:02category, the second is y category, the
50:05third is x category, the fourth is y
50:07category, the fifth is x, the sixth is
50:09y, the seventh is x, the eighth is y,
50:11and the ninth is x. The investigation
50:14chapter is dangerous, isn't it? People
50:17think it's a lengthy bot, right? In
50:19class, we make you memorize it by rote.
50:22First, they explain it thoroughly, and
50:23in class, they make you memorize it
50:24repeatedly, even memorizing it with
50:26your eyes closed. So, brother, this
50:27chapter is easy. Okay? But now, because
50:29there's no time, it won't be possible.
50:31So, brother, what can you do about it?
50:32If you want to cover this chapter, then
50:34look, there are so many pointers in it,
50:36like six pointers. So, just memorize
50:38three pointers at a time if you can't
50:39finish it. Okay? Yes. If you want to do
50:41the chapter, then memorize three
50:43pointers at a time. Otherwise, I made
50:44the class do this chapter very well.
50:46Okay? I created a complete stir. Look,
50:48question two has come. Where were you
50:50for this? Question 3 is x. Question 4
50:52is y. Question 5 is x. Question 6 is y.
50:56Seventh is x. Eight is y. Ninth is x.
50:59Tenth is y. Look, in 11th, this much
51:02part is x. The part below is z. 12th is
51:06x. 13th is y. 14th is y. 15th is y.
51:0916th is y. 17 18 19 20 is all z. There
51:13is no tension at all. Question 21 is x
51:16category. Question 22 is y category.
51:18Come to forensics. The first question
51:20is z. The second question is y. The
51:22third question is x. The fourth
51:24question is process or steps, it is
51:26completely a y category question. But
51:29step four of it is super-duper
51:30important. Separate questions can come
51:32from it. Its step four is performance
51:34analysis, separate questions can come
51:35on it. You will have to write down all
51:37these pointers. That is x category.
51:38Super important question, super
51:40important. Question five is in the Z
51:42category, question six is in the X
51:43category. Super important. Question
51:46seven is in the Z category, question
51:47eight is in the Y category. Okay? Sir,
51:49this could come as a separate question,
51:52sir. So read it carefully, sir.
51:54Separate questions can come. Okay? Yes.
51:56They'll ask you to explain the benefits
51:57of PICE. Explain the benefits of
51:59Forensic and Investigation Standards.
52:00This is the answer. Okay? And you tell
52:02me the components of the framework. So
52:04this is the answer, sir. Are the
52:05components of the framework? Yes or no?
52:07Yes. That means these components have
52:08been answered. And this is the answer
52:10to the benefits of PICE. Emerging Areas
52:13Question One is in the Y category.
52:15Question Two, this paragraph is in the
52:17X category. Because if a descriptive
52:19question comes up on the SDGs, you'll
52:20have to write this paragraph. Okay? In
52:22the descriptive questions. Otherwise,
52:24just read this list of SDGs. You only
52:27have to memorize five of them. You have
52:29to read the rest. Question three is X
52:31category. Question four is Y category.
52:34Question five is X category. Question
52:37six is X category. Now, read these nine
52:39principles first. Okay? Read the
52:42content inside them. You will have to
52:44memorize Principle two. You will have
52:45to memorize Principle three. You will
52:47have to memorize Principle four. You
52:49will have to memorize Principle five.
52:51Read Principle six only for MCQ
52:53purposes. You will have to memorize
52:55Principle seven. Read Principle eight.
52:57You will have to memorize the content
52:59inside Principle nine. I have given you
53:01this buffering as well. So, if you
53:02haven't liked it yet, I don't know what
53:04you're doing. Question seven is Z.
53:06Question eight is X. Questions nine and
53:08ten are both in the Z category.
53:10Professional Ethics. The first question
53:12is Z. The second question is Y. The
53:14third question is X. Okay? Yes. The
53:18fourth question is Nokla. Definition is
53:20X. Examples are Z. Important Facts are
53:24X. Your important facts are X. Okay? On
53:27top of this, anyone can ask you
53:29questions in MCQs or something, or you
53:31might even get a case study, sir. Okay?
53:33That means it's basically an X category
53:34. Be sure to look at the important
53:36facts. Look carefully at the
53:37applicability, sir. It's an X category.
53:39Look carefully at the applicability.
53:40Wherever there are limitations, sir, in
53:42professional ethics, please look at
53:43that carefully. Nokla versus such 250
53:46is an X category. Steps are an X
53:49category. Okay? And the documentation
53:51requirements are in the Z category.
53:53Disabilities for the purpose of
53:55membership are in the X category. Types
53:57of members are in the Z category.
53:59Removal of name from the register is in
54:01the X category. Penalties are in the V
54:04category. This CA in practice part is
54:06in the X category. Cancellation and
54:08reinstatement of COP is in the V
54:10category. Members deemed to be in
54:12practice is in the V category. The
54:13entire MCS list. Right? Yes. Section
54:15144 also falls under this. The company
54:17is not to engage in accountancy part is
54:19in the V category. The branch office
54:20part is entirely in the X category. KYC
54:22norms are useless. They are in the Z
54:24category. All the schedules are in the
54:26X category, sir. Right? Yes. Our first
54:28schedule and second schedule. After
54:30that, sir, come, the Council General
54:32Guidelines are also important. All of
54:34them are in the X category, according
54:36to your Council General Guidelines.
54:37Okay. He said," Okay, sir. "Then, the
54:39Council Guidelines for Advertising, the
54:41write-up and categories. Be careful
54:43with that. The font size should not
54:44exceed 14. Okay? Yes. The entire
54:46website of permissions is in the X
54:48category, website guidelines, online
54:49third-party platforms, and categories.
54:51Then, your name should appear
54:52alphabetically in this directory. All
54:54of those things are in the Y category.
54:56Then, look at the bottom, it's all in
54:57the Z category. Okay? Wait, wait, wait,
55:00wait, wait. This application-based
55:02service provider is in the Y category.
55:04Look, this is the entire Z category.
55:06Did you understand the bottom? Yes.
55:10This application-based service provider
55:11aggregator is in the Y category. Okay?
55:13Come on, sir. Then, our recommended
55:17self-regulatory measures. Okay? All of
55:20those above are in the Z category. But
55:22this part, sir, is the entire V
55:24category. Recent Decisions of the
55:26Ethical Standards Board is in the Z
55:27category. Read the MCQs for your
55:29purposes, and Disciplinary Procedure is
55:31your X category. The same goes for
55:33Professional Ethics. You just do the
55:34schedules well. Read the other things,
55:36brother. Read, read, read, read, read.
55:38Okay? Only then will you get good marks
55:39. If Professional Ethics is worth 22
55:41marks, then the schedules alone will be
55:43worth 12 to 14 marks. Everything else
55:46will be included, beyond the schedules,
55:47so please read them; they will give you
55:49a competitive edge. Share the video in
55:51every group. Don't leave without liking
55:53and hyping it. And write in the
55:54comments," 70 plus in audit. Auditing
55:56is very easy. "Write like this in the
55:58comments. Writing like this will spread
56:00positivity. Okay? Like this, brother.

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