Go Audit Day 3

Day 3 had the earliest start,beginning at 8.30 itself..The first session was lots of fun,it was on Professional Skepticism..We were explained about the topic and then given some questionaires.The Objective was to inflate the profits/deflate the profits or fairly state the accounts based on the data available.This was a session when team spirit and team building came to the fore where everyone in each group seemed so vigourous and enthusiastic.It was a perfect start to the morning..

After tea was a full on session on Substantive audit evidence.We were first made to go through a tutorial and then made to answer questions based upon them.We also played a game called Who wants to become a Millionaire based which was on the lines of Kaun Banega Krorepati.All the questions related to our understanding of Substantive Audit Evidence.It was an innovative way to prevent people from sleeping.Hoping for more such games in the coming days.We were also given a question to solve based on Analytics.It made our brains work overtime but alas the Expectation which most came across went helter skelter
The next topic covered was Test of Details.There was a brief explaination on the different methods,their definitions,how to treat an error and how documention should be performed by way of templates

Then it was time for lunch with some changes in he menu with Poori replacing Naan,Malai Kofta substituting for Paneer Butter Masala and Strawberry Icecream taking the place of Vanilla Icecream.I tried a weird combination of mix of Soup and Ice cream and the result was pretty decent.Lunch is always fun coz it is the time u get to freely interact with all ur mates and crap anything under the sun and today was no exception

The Final Session dealt in depth with Interviews,where we were explained how to approach different clients,what to speak and when to speak so as to effectively collect the neccessary details required for Documentation.There were roleplaying sessions elucidating the different situations and it turned out to be hilarious.Tea was served in the table itself so as to not waste additional time coz we had to vacate very early by 4 itself.

So what to expect tomorrow..Lets wait and see..