Need to understand the material and then apply it into the questions. Pretty easy if you understand and do it and pretty difficult if you try to just memorise.

It enables you to think like an auditor who as an outsider has to understand the risks related business, industry, culture of the organization and develop strategies to ensure that the financial statements are presented truly and fairly. Some important concepts are related to auditor independence, understanding the risks and use of controls. It is really helpful if you can understand the business scenarios in which the problems are based. Most of the times it is about common sense as well. Sometimes students get too caught up in the jargon and complicated language, which in essence are trying to convey a very simple concept.

This class is quite challenging since you are expected to analyze several audit cases. You need to be able to imagine this situation and apply the appropriate theory. This is not easy, especially if you have no accounting work experience at all.

This class is more difficult than it appears. The final exam will thoroughly examine your understanding of substantive testing and if you do not understand what is sufficient and appropriate for each particular account (they are not all easily guessed or deducted), you will get a bad mark