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pls help- exam related audit querry

riya (article) (52 Points)

14 June 2010

as per ashmeet sir students dnt get more than 50% of the strength of d ques in long audit questions......

pls clarify regarding ths statement.....

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9 Replies

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
Replied 14 June 2010

I dont ahe the gree wih statement.

As audit does not contain any long questions as because in audit if you are well prepared you can write a the length of the questions which is required in the questions.

Whoever is Ashmit Sir, i suggest him that dont demoralise the students..

(Guest)

r u talkin abt ashmeet sir..who teaches in rohini..??

Suvarna Goel (-) (351 Points)
Replied 15 June 2010

yes, Audit is not a scoring subject. Try to get 50. and Compensate that with 60 in law ! job done.

(Guest)

Originally posted by : Suvarna Goel
	yes, Audit is not a scoring subject. Try to get 50. and Compensate that with 60 in law ! job done.

if u have not score more than 50 in audit then it doesnt mean..no one can score even I found the audit very easy and scoring among all 6 subjects..the case study are so easy and question repeat so many times..

Prateek (B.Com(H) PGDBA CA Final) (436 Points)
Replied 15 June 2010

i think it depends the kind of language the person writes....

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
Replied 16 June 2010

https://www.caclubindia.com/forum/auditing-review-and-other-standards-formerly-known-as-aas--87694.asp

shashank jaiswal (finance executive) (38 Points)
Replied 25 June 2010

Hi Riya,

First of all i would like to say that auditing too is a scoring subject it depend upon the way how u r going handle this subject .

And as per ur ashmit sir as u hv written that he says that in case of long ques. a candidate can't secure more than 50% here he is having too much conservative approach its true that u will be not able too secure 80 Or 90% but still u can secure 60 to 70% in case of therotical ques. provided that ur answer should not be such that dicto version of material there must be a mixture of practical experience it will help u to fetch more marks

all d best

regards

Shashank Jaiswal

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26258 Points)
Replied 31 July 2010

Auditing is a conceptual subject. Simply speaking; you should know what is the procedure to conduct an audit.

For statutory audits like Company Audits and Tax Audits; you have to comply with the prescribed forms details. But still the basic concepts remain the same.

Focus on each and every transaction which is involved in the issue of audit. It requires a lot of exercise initially but within a short span of time one will get expertise and you will enjoy the work also. You can ask questions to your client during the audit and note down the reply given by him in audit working papers. These matters you can discuss with your boss.

Everytime you conduct an audit; you increase your knowledge of law and business.

To find mistakes of others is an interesting job. Isn't it ?

Since the question is related to score in auditing; I must say that if you write in your way about the question then surely you will get good marks.

See; in auditing there is no standard format of conducting an audit because each auditing firm has its own style. Whatever forms are suggested by ICAI or some authors are duly modified by the Auditor according to the requirement of the audit. It is a matter of judgement of the auditor how he wishes to deal a particular situation while conducting the audit. For example; different doctors will prescribe different medicines for the same disease. But still you will find the common chemical contents ( no chemical locha) in the medicines .

The idea to achieve more marks in practical or other subjects is not applicable to all.

Very few students can score 60 marks in practical subjects like Financial Reporting in CA Final. Most of the students fail in Accountancy in CA Final !!

You all very well know that it is difficult to pass in Costing which is a practical subject.

Although it is true that In CA; you can make your own suitable strategy to qualify the exam.