Hey frnds, hw was 2day's Audit paper???
Acc. 2 me it was quite lengthy n unxpctd...... as no case study or practical
nor anythng 4m company audit...!!
Plz share ur views here.......
21 Replies
JIGAR K JAIN
(jobless)
(26 Points)
Replied 13 May 2011
| Originally posted by : Reena | ||
 |
SAME HERE.... |
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always something unexpected done by icai........
Prashant
(CA Final)
(271 Points)
Replied 13 May 2011
No............ It is not lenghty. and it is very easy paper.
abhishek
(mr)
(241 Points)
Replied 13 May 2011
Can some1 tell me the answer of first question?
just tell me sa no.
Pradeep Kumar Saini
(CA Final - Student)
(104 Points)
Replied 13 May 2011
paper was good but allocation of marks is not good
CA Ankur Mittal
(Assistant Manager @ Reliance Communication)
(759 Points)
Replied 13 May 2011
I have Seen Paper..First of All dont think it was Easy Paper..Direct Questions were Asked so dont expect good marks unless you presented the answer very well with reference to Respective SA and AS.
It look easy upfront but very difficult to score in this kind of Paper..
Abhishek Sharma
(B.Com PCC Student & Article)
(115 Points)
Replied 13 May 2011
no it waz not lengthy...it was quite easy...may b i got xemption in it...i completed it before 15 mins....but it was disappointed me dat ques waz not practical nd not frm Company audit....2day i felt dat m givin bcom's paper...hehehehe
![Ritesh Indian Son[CMA*CS*CA]](/img/avatars/my_avatars/289269.jpg)
Ritesh Indian Son[CMA*CS*CA]
(" Simple Living High Thinking ")
(4117 Points)
Replied 13 May 2011
easy n nt so lengthy.....:)
kaustav
(ca-final)
(54 Points)
Replied 13 May 2011
hey guys plz tell me one thing im q no. 5(b) all u have discussed on CINEMA or cinema hall. plz share
Prashant
(CA Final)
(271 Points)
Replied 13 May 2011
Answer of 5 B
1. Verify
That entrance to the cinema hall is only through printed tickets;
Tickeets are serially numbered and bound into books;
That the number of tickets issues for each show and class are different;
2. If tickets are issues though computer-audit the system to ensure its reliabilityd and authenticity of data generated by it.
3. system should provide that at the end of each show a proper statement should be preapred and cash coolected be tallied.
4. Cash collected is deposited in banks partly on the same day and rest on the next day- depending upon the banking facility available.
5. vouch recoveries of advertisment expenses etc from fil distributors.
6. vouch payment of film hire with reference to agreement with distributor or producer.
7. confirm that depreciation on machinery and furniture has been charge at appropriate rates.
Prashant
(CA Final)
(271 Points)
Replied 13 May 2011
Answer of 5 B
1. Verify
That entrance to the cinema hall is only through printed tickets;
Tickeets are serially numbered and bound into books;
That the number of tickets issues for each show and class are different;
2. If tickets are issues though computer-audit the system to ensure its reliabilityd and authenticity of data generated by it.
3. system should provide that at the end of each show a proper statement should be preapred and cash coolected be tallied.
4. Cash collected is deposited in banks partly on the same day and rest on the next day- depending upon the banking facility available.
5. vouch recoveries of advertisment expenses etc from fil distributors.
6. vouch payment of film hire with reference to agreement with distributor or producer.
7. confirm that depreciation on machinery and furniture has been charge at appropriate rates.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 13 May 2011
ALWAYS NEW TREND ISSUED BY ICAI----
Anvita Pramod Thakar
(Officer- Accounts & Finance)
(25 Points)
Replied 13 May 2011
Guys I have appeared PCE 4 times till now. I realised in past 3 attempts that practical approach is the most important path here.. 2day's Audit paper turned out to be an impractical nightmare.. I hope I won't lose my score due to aggregate**********************
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