Dear Students,
Just a quick advise before the CA Final Audit paper.
1) Please revise the SAs thoroughly and try to remember the Titles and SA numbers. if you cannot quote the relevant SA, please do not write the SA number and Just write "as per the relevant standard of auditing:..
2) Questions on Professonal ethics can be tricky at times. so understand the provisions well. Do not try to quote the codes of professional ethics unless you are 100% sure.
3) Please cover the latest amendments in Company law applicable for May 2016 exam. CARO is must and hot favourite for this exam.
4) Cover the auditing of NBFC, stock market, e-commerce companies, Forensic audits (Specially loan defaults).
5) Questions relating to Tax assesments, Various Provisions to be created into books of accounts, auditing of charitable organisations, qualification of audit report, preparation of audit report, etc. are quite common in the exam. please cover them well in your revision.
6) Please make sure that all your answers are broken into multiple points and small - small paragraphs of 2-3 lines. It is best to present it this way rather than writing long and messy paragraphs. keep the presentation clear and avoid overwriting.
7) Maintain you writing speed level as the paper is lengthy and attempting the 100 marks is must in an audting paper to create the chances of crossing 50-55 marks.
I hope the above advise can be fruitful to all of you. All the best for the Exam!! :)
CAclubindia
