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Framing of answers for audit

Vaidehi Patil (Student) (131 Points)

04 September 2016

i wanted to know whether we are allowed to frame answers on our own for audit and if yes then can we cut short the size of answers mentioned in the practice manual provided by the institute as those are very lengthy and it is difficult to write 3 page answer for just 5-6 marks

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13 Replies

Venkatesh Dangeti (CA Final) (881 Points)
Replied 04 September 2016

for 4m one side of the paper is enough

CA Saba Naaz (Chartered Accountant) (8487 Points)
Replied 04 September 2016

It's very difficult to write the exact language provided in the practical manual answers. So, frame your own answers and present them properly. And the most important thing: Don't forget to cover important points required in an answer.

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Venkatesh Dangeti (CA Final) (881 Points)
Replied 04 September 2016

surbhi bansal book is preferable

Ansh (NIL) (75 Points)
Replied 05 September 2016

Hi there.

It is not really advisable to cut short the expected answer contents. But yes, ultimately it can be reasonably presumed that students do have to frame answers on their own. Reasons being that not most of us are actually able to retain the language provided in the study material or practice manual.

The most important aspects are:

1. How appropriate our answers seem to the checkers in the context of the questions asked.

2. How much of the content of our answers actually match up to the key terms, the major themes, the correct reasonings/logic and the factual points that have been given in the resources we use and that we have been expected to retain as practical knowledge.

3. Our retention and writing abilities ad whether we practice the same.

The ICAI has not really paid attention to the form of answers that it has been suggesting in practice manuals and the suggested answers sheets. For a question of 6 marks, there would be an answer suggested for upto 2 pages; while for another question of 4 or 6 marks, the answer would be surprisingly short in merely points. This reflects a significant disparity in the vision of ICAI for the kind of performance it expects from students and the answers that it actually provides as referential resource. In fact, a lot of the content in the Audit and SM study mats of ICAI is not even needed. Even in the IT mat, contents revolving around the same topics like Business Process Automation (BPA), Business Process Management (BPM), security threats in an IT environments,etc., have been scattered across the chapters. How on Earth will a student synthesize the contents that really matter for exams? They are not precise. Why would any rational being be motivated to spend time on reading or learning about abstract contents? This is one of the reasons we don't prefer the official study mats. If ICAI would have really been concerned, it would have paid attention, and not merely keep getting money for the books it issues; which most students dont even check. Who cares as long as the money is coming in?

In the Audit practice manual, in the initial sections there must have been a question revolving around the auditor's responsibilities towards fraud or inherent liimitations of audit or whether the auditor is really liable in case he misses out on any existent fraud. The answers given therein, were unnecessarily lengthy. Absolutely impractical. ICAI does not understand the difference between an 'answer' and 'study content'. The latter is meant to be referred to and studied, while the former is meant to be produced and presented.

That, on the part of a highly respected and important body as ICAI is really disappointing. The students shall definitely be expected to do their bit. But if contents to the questions in the Suggested Answers sheets and the Practice Manuals are simply extracted from the Study Mats and pasted away; that will never really help any student.

Hence, we are puzzled and keep thinking about answer lengths, formats and accuracy of their contents, but we end up in the range of 35s-55s.

To be honest, for now, I think it is best left to our writing abilities, the way we can synthesize contents in our minds for particular topics and how much time is actually spent on re-reading the resources.

For that, I think we ought to practice writing answers more; think about what we are going to write and then keep revisiting the resources for further polishing.

If we just think and decide about the kind of answers we would frame, but do not really practice writing them down; everything would go in vain.

So, adopting a one-track approach towards a subject like Audit which largely subjective as well as factual, could prove fatal for your results. We really cannot do that because if there is one thing that is really evident about CA exams, it is that the expectations and the results of various groups of people regarding the answers - are not uniform in any way. So you never know the approach or the mindset of the checkers. It is better to hammer our own preparations so well, that we are able to retain most of the relevant content and in the best shape possible, which would in the end make it easier for us to present good answers.

2 Like

Vaidehi Patil (Student) (131 Points)
Replied 11 September 2016

thank u so much ansh sir for the detailed explaination regarding my doubt also thanks to nil sir for suggesting the refrence book and saba maam for ur guidience thanku so much guys

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Ansh (NIL) (75 Points)
Replied 12 September 2016

Vaidehi, you are welcome. Good luck

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Vaidehi Patil (Student) (131 Points)
Replied 13 September 2016

thank u sir would u also help for law?

Vaidehi Patil (Student) (131 Points)
Replied 13 September 2016

sir i did not recieve my registrstion letter of ipcc i went on the site of institute for downloading but there was no option for the download of registration letter by cpt route so how will i get my letter.

Ansh (NIL) (75 Points)
Replied 14 September 2016

I would try to help you for Law within all of my abilities.

For the registration letter it is best to either contact the Institute on phone, or give a personal visit to the regional office with a handwritten application.

Alternatively, you can also send an email at the ICAI email contacts explaining clearly that you have not yet received your registration letter. Mention your registration number, name and also request clearly for the resending of the registration letter to your address by post.

Draft well and make the mail seem urgently important. Be courteous.

I hope this helps. Also give them your contact number and postal address in the mail.

Thank you for asking your doubts. And you are welcome..

Vaidehi Patil (Student) (131 Points)
Replied 15 September 2016

sir i wanted to know wether mentioning case law as a refrence in every answer is important because there are so many of them and remembering the together at a strech is quite a difficult job.

Vaidehi Patil (Student) (131 Points)
Replied 15 September 2016

and yes i forgot to inform that i received my registration letter from the institute yesterday my dad called up in the institute and they replied that it was already dispatched and it was delivered by evening and thank u so much for helping

Ansh (NIL) (75 Points)
Replied 15 September 2016

Great. And you are welcome..
Case laws show that you have prepared well enough and deeply. Given the fact that there are numerous case laws with unusual names, it's not advisable to try to learn or memorize each and every one of them.

What one can do is just learn case laws on the basis of different topic themes. Every concept or topic usually has

Ansh (NIL) (75 Points)
Replied 15 September 2016

(Continuation) ... more than one case law. Whether you learn just one or two or three, it is upto your abilities. But I think 2 case laws for any one topic are enough. In the end retention of the case laws matters. If you are not able to recall any case law correctly enough on the exam day then there would be no point in including them in your answers.

So may be you should first try and learn a few and test yourself on how well you can remember and recall them and then practice writing them down in answers.

1 Like