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Audit paper CA Final too low score
Replies (17)
Hey don't panic.
You just go through the entire curriculam of Audit thoroughly, and try to memorise the essence.
You can use mnemonics for memory techniques, it works very influentially.
The reason why you're awarded low marks could lie in the above tips.
Also I wanna share one thing with you is that being the quintessential subject(Audit) in CA syllabi, the examiners want you to be an absolute expert in Auditing, so they are instructed to examine the answers quite carefully.
Follow these if you believe I assure it will help.
You'll really crack it this time.
Good Luck
Dear parth
First let me know that which book u r following........reply so that i cn help u in this regard........
Then i thnk u lack in presentation.....
| Originally posted by : CA Akhil mittal | ||
 |
Then i thnk u lack in presentation..... |
 |
i think Mr. CA Akhil Mittal is right...... you need to focus more on presentation...
Try underlining all headings/ sub-headings/ important points in your answers..... n try breaking down your answers into different paragraphs (introductory/ body/ conclusion/suggestion etc)......
i'm sure if you improve your presentation you'll get good passing marks :) :)
Parth presentation covers ur most of the marks.......wrk on ur handwriting...........
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CA Final : Audit - Things that matter while writing exam
"Advanced Auditing and Professional Ethics"
This subject is one of the most important subjects in CA Final due to following reasons:
1) Audit is what we always do before / after passing CA. No matter what kind of assignments you're handling, you'll always come across some or other area / procedure of audit.
2) ICAI has given extensive and most comprehensive information on the subject at advanced level, thus you're expected to deliver at that level.
3) Your articleship training shall be tested at various questions. e.g Tax audit Form 3CD clauses, short notes on possible frauds from any ledgers, Special Audits etc.
Before you start with reading module try to understand:
What ICAI is expecting from you?
What level of understanding and explanation in answer paper will be appreciated?
What precautions you should take to avoid failure?
Reading any module for that matter without understanding the objective behind introducing various chapters, may result into lack of interest.
Auditing is the subject where students tend to show less interest once they start with reading module.
This is natural with all students,including me, but at the same time it is important to avoid this mistake.
Chapters in audit may sound very monotonous, highly theoretical and lengthy.
I have always found one very useful technique while reading theory subjects - "practical case approach"
If someone tells you to write an audit plan for "Kingfisher Airlines", you may get more interested.
Try to apply each concept you read with some or the other real life scenario.
This will develop the interest in subject. In case of , Audit related to "stock exchange"; procedure sounds very technical if you don't know the concepts. In such case, before starting with How to Audit..? try to understand the concepts related to stock exchange. If you don't know What to Audit then question of How to Audit gets tougher. It was just an example to make you understand the benefit of change in approach.
Exam Paper :
Que 1 (a):
* This question is always about Case Studies and we are expected to give comments as an auditor.
* References of "Accounting Standards" and "Standards on Auditing" are must. ( I would say Compulsory)
* Apart from SA, There are "Guidelines" on audit also. Kindly read those guidelines and quote relevant extract wherever applicable.
* Co-relate the facts of the case with AS and SA. Explain the issues in case and give professional comments.
* Avoid giving neutral or diplomatic answers. Your comments should be very clear and giving exact opinion.
(b)
* Practical questions about "Professional Ethics" for CAs
* writing style is same as que 1(a)
* Give detailed reference number : schedule / part / clause
Que 2 to Que 7
* always try to see whether you can trace this case / question to any AS/SA. You will find in 80% of the cases that some or other AS/SA, Guidelines are very much applicable
* avoid pure theoretical answer. comments should preferably in the form of opinion and not in the form of typical theory answer.
* Do not use illogical / aggressive / offensive / impractical words in answers. (your opinion should be professional, practical and legitimate)
* Again, i will repeat, avoid faking / bluffing/ off-the-point answers. (This is suggestion is from my PE II exam experience.)
* Concluding the answer is of paramount importance. (do not ever leave the answer without concluding, it shows lack of clarity and marks will get deducted)
* try to write 100 marks question paper. I know covering entire paper in 3 hours may get difficult but at least 90+ attempt is essential.
* Quality of answer is more important than number of pages you write.
Manage your time while reading ICAI module.
as far as i am concerned, firstly u have to improve ur way of presentation. Secondly, just try to write the answers practically if u are in CA Final bcoz that will improve ur image in eyes of the examiner. In audit u dont have to learn just try this what i am doing.
Firstly learn the Professional Ethics from CA Surbhi Bansal's Book and then practise it from the Compiler.
Secondly, you should prepare the CARO and AS and practise questions on it from Compiler.
By doing this u will get 40-50 marks guaranteed.
Then prepare the remaining topics just by practically learning it.
U will be amazed to know that i have given 3 attempts and i have never failed in audit.
ALL the BEST
If your handwriting is not so good, write one page daily for about a month and then you can see it improving. I had the worst handwriting until i practised improving it conciously. Now if i see my old notes/writings, even I cannot understand what I wrote. It was such worse.
My teacher had given me a simple technique -
1. Dont attempt cursive writing/joining letters if you are not comfortable with that. If it comes naturally then its fine. In my case it became partly joined letters and partly not joined.
2. When you write, ensure that the small letters should be about half the size of big letters. (I am not just talking about capital and small letters) - E.g when you write "Retail" - See how "e", "a" are almost half the size of "R" "t" "l". Practising this way really improved my handwriting.
3. Keep the letters straight to the extent possible. Dont attempt itialics.
You still have about three months to go for exams and sparing fifteen mins for writing would really be helpful to you.
As far as books are concerned, did you read from the Institute's Material? Study Material for subject like auditing is a must.
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