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auditing

DT Fundas - Tarun rustagi ( Author) (1150 Points)

04 May 2010

urgent

can anybody plz suggest what are the considerations required in auditing and law paper to score good marks

thanks & regards

tarun rustagi

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8 Replies

sudhir rawal (B.COM/PCC/ARTICLE/'O'LEVEL) (314 Points)
Replied 04 May 2010

just read our module because our module is a textbook and nothing comes from outside module

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DT Fundas - Tarun rustagi ( Author) (1150 Points)
Replied 04 May 2010

dear sudhir i wnt ur suggestion from exam point of view i.e.writting skills,presentation of fact etc.

ViveK (.) (312 Points)
Replied 05 May 2010

our answer should contain 3 parts(practical questions)

1.facts of the case - relevant data from ques

2.analysis of data - what is applicable what is not

3.conclusion

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 05 May 2010

Tips to improve marks in Audit and Law

Marks in Audit and Law subjects are very low in November 2009 PCC and P.E.-II result. As per my understanding the reason behind this is not low marking. The main reason behind this is lack of concentration in theory paper along with poor presentation and writing skills.

Kindly appreciate Exam pattern is now practical Question based and not flat Question based so presentation and writing skills becomes very important.

For improved presentation and writing skills I would suggest you to refer answer presented in ICAI suggested answers. Careful observation of ICAI suggested answers is very important. Along with good study focus and observation is also very important to succeed in professional examinations.

One more useful suggestion is:

It is advisable for the CA students to have a glimpse of the guideline answers given by ICSI and compare them with ICAI's. As we all know that ICSI answers are one step ahead from those of ICAI. So a comparative "go-through" of these will help in presenting the better answers... this is not time consuming either...One more important thing if you are conceptually very clear and strong but not able to present it then there is some problem indeed, which is required to be sorted out immediately.

Good conceptual knowledge with good writing and presentation skill is the key to success.

All the Best

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 05 May 2010

Also find attached herewith my handout for PCC Company Audit. Hope this handout would be off some help in your preparation.

All the Best for exams

Attached File : 45 company audit handout for ca pcc and final.pdf downloaded: 227 times

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Jasmeet Singh (Audit Senior) (911 Points)
Replied 05 May 2010

In audit True or False plays an important role. In their reason if you mention their respective SA no. then you will get good marks and this approach also applied while answering case studies.

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Jasmeet Singh (Audit Senior) (911 Points)
Replied 05 May 2010

In Law answer should be to the point and not an essay type. If possible you can mention sections.

I wrote sections in my attempt and scored 66 marks.

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 05 May 2010

Strategy to prepare Audit

QUICK READING APPROACH

First give ICAI audit study a quick reading to understand the depth and figure out the efforts and time required for final preparation. You would appreciate that through this quick reading you would be able to figure out where extra efforts are required in audit subject and plan accordingly.

Make necessary notes or put suggestions or mark strategy for yourself on the study book during first reading. This task helps you to deal with audit subject later on during final preparation. Pre-condition for this first study is --- go ahead for quick study with a completely relax and chilled mind. Your main purpose behind this quick study is observation and formation of a plan to deal with audit.

During first study ride prepare a plan for final preparation. Also use scanner for making the plan. Later on use any good notes to prepare. Remember at this moment you have everything in your mind like what is imp along with basic idea of the topic and chapter.

SPECIAL ATTENTION TO SA AND AS

Also give special attention to SA and AS. Only good knowledge of SA and AS is not enough but you must understand the technique to apply SA and AS in audit practical problems. For this purpose refer ICAI suggested answers and observe the application of SA and AS to the problem. Another benefit of this task is—it also helps you to understand SA and AS in a much better way.

The suggestion above is based on my personal understanding and may easily be rejected or accepted by you. In any case please share your feedback.

All the Best and Regards