Important for those got exemption in CA Final - Financial Reporting & but couldn't pass CA Final Audit.
Dear Friends,
I am following CA Final Audit by Sumit Aggarwal. It also have separate chapter:
Chapter - 2: Accounting Standard - covering 10-15 marks every year.
Chapter - 24: Example of all Audit Report, engagement letter, appointment letter, Management representaiton letter as per various SA at one place for easy understanding & comparison.
Chapter - 25: Solved Question Chapter wise for last 34 Exams & Practice Manual
Chapter - 26: Short Notes for All Chapter for Quick Revisions/last minutes revisions.
While comparing with other books (Surbhi Bansal, Pankaj Garg etc), I didn't find these chapters in surbhi, pankaj garg book etc.
"Accounting Standard" is part of Paper - 1 "Financial Reporting". But after viewing Chapter - 25, I seen that, "AS" cover 10-15 marks every year in CA Final Audit.
So, Student whoes got exemptions in Paper - 1 - Financial Reporting but didn't cleared in CA Final Audit, need to take care that they also have to keep remember the provision of "AS", as they can expect 10-15 marks paper in CA Final Audit from Accounting Standard.
Best Regards
Aarti
CAclubindia
