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Audit is really tuff

CA Sahil Singla.. (Service Tax ) (3746 Points)

12 August 2011

I feel that audit is d most typical subject in First group CA Final. Not due to syllabus but the lack of guidance on how to prepare & books to be used.

Alomst 70-80% students r using padukas & i tto started this buk for my nov 2011 exams. But not satisfied with it. In contrast Surbhi bansal is much better book.

I saw the answers given by paduka for may 2011 audit papers...near to 20 marks solutions r contradicting with Suggested answers of ICAI

look at questions on SA's...compared to previous attempts more in no. & difficult in quality terms

i feel whether i'll be able to pass 1st grp or not due to auditing..

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8 Replies

REVATI (B.com,CA Final) (Proprietor) (153 Points)
Replied 12 August 2011

On the Contrary, i feel that padhukas are the most comprehensive books on any subjects..Surbhi Bansal notes are PURELY FOR REVISION..u cannot rely on it for the first reading or understanding..As for SAs.. Rawat is a good buk..But my stand on Padhukas is clear..Its the best and as per my knowledge always in line with the Institute material..

CA Sahil Singla.. (Service Tax ) (3746 Points)
Replied 12 August 2011

though i agree that no one can beat paduka in terms of coverage....but quality of answers r not that gud..in most of the cases solutions matter is more than required if u compare it with ICAI suggested

Chandni Chandok (TRAINING) (46 Points)
Replied 12 August 2011

does practical knowledge help in solving d case study in final

audit paper?

Aakanksha (CA Final Student) (56 Points)
Replied 12 August 2011

Yes Chandni, in fact practical knowledge is the most important thing one must have, especially for audit paper.

CA Rajat Jain (CA) (1677 Points)
Replied 12 August 2011

yes , in audit scoring is tough

CA Sahil Singla.. (Service Tax ) (3746 Points)
Replied 12 August 2011

then wat to do ? somebody suggest ?

Kunal (Risk Analyst) (299 Points)
Replied 12 August 2011

In auditing have deep knowledge of professional ethics...as its weightage alone is arnd 16-20 marks. Next go thru SA's as this time SA's alone carried a weightage of arnd 35 marks...! next go through CARO 2003...it wil come for arnd 8 marks...(2 case studies minimum) Next have good knowledge of FORM 3CD...as in paper u wil find atleast 2 case studies from the same...go thru its CLAUSES. N prepare bank audit n General Insurance Co. Nicely.. Rest all just give 2-3 plain readings...! All the best..!

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