CA CS CWA CFA MBA NOTES

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Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

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Disclaimer:

[The views expressed in this forum are my personal views only.]

Hope you all had both the first papers rocking. Now is the turn for the third one of first group. Here I’ve just given the marks allocation to each topic and sub-subject. [It’s a request for all you to go through complete syllabus only, the following tips are for the revision only.]

Following allocation is based on past analysis and don’t consider it to be exclusive, they represents the topic to be focused more. That does not mean, you should leave rest all chapters or etc.

Law, Ethics & Communication

A. Law [60 Marks]

RRead compulsorily all the CA examination Questions given at the end of each chapter in that book.

Important Chapters:

· The most important chapter in LAW is THE COMPANIES ACT [It fetches 30 Marks]… Following are the most important topics of this chapter.

Ø Company General Meetings [10-20 Marks]

Ø Each question from any of the following important topics is asked for 5 Marks :

1. Incorporation, Promoters, Pre-incorporation, etc

2. MOA & AOA

3. Prospectus

4. Shares – Issue & Allotment

· The INDIAN CONTRACT ACT, 1872 [10 Marks]

· The NEGOTIABLE INSTRUMENT ACT, 1881 [10 Marks]

· From all these 3 chapters, each Q of 5 Marks can be asked :

Ø The Payment of Bonus Act, 1965

Ø The Employees’ Provident Fund & Misc. Provisions Act, 1952

Ø The Payment of Gratuity Act, 1972

- Maximum 10 Marks.

Recent Changes:

Competition (Amendment) Act, 2007

Securities Contracts (Regulation) (Amendment) Act, 2007

B. Ethics [20 Marks]

Important Topics:

· As such the topic itself is very short and easy, but there are some important points that should not be ignored and are really important from EXAM POINT OF VIEW. They are :

Ø Corporate Governance

Ø Corporate Social Responsibility

Ø Consumer Protection

C. Communication [20 Marks]

Important Topics:

· As such the topic itself is very short and easy, but there are some important points that should not be ignored and are really important from EXAM POINT OF VIEW. They are :

Ø Corporate Communication Aspects - Various letters, deeds [5-15 Marks]

Ø Essential Of communication [5 Marks]

Ø Group Dynamics, Corporate Culture [5Marks].

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Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

S.No.	SA	Title of Standard on Auditing	Effective Date
1	AAS-1 SA 200	Basic Principles Governing an Audit	April 1, 1985
2	AAS-2 SA 200 A	Objective and Scope of the Audit of Financial Statements	April 1, 1985
3	AAS-26 SA 210	Agreeing the Terms of Audit Engagements (Published in Journal Issue Sept., 2009)	April 1, 2010
4	AAS-17 SA 220	Quality Control for Audit Work	April 1, 1999
5	AAS-3 SA 230	Audit Documentation (Published in Journal Issue Jan., 2009 )	April 1, 2009
6	AAS-4 SA 240	The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements ( Published in Journal Issue Dec., 2007)	April 1, 2009
7	AAS-21 SA 250	Consideration of Laws and Regulations in An Audit of Financial Statements ( Published in Journal Issue Dec., 2008)	April 1, 2009
8	AAS-27 SA 260	Communication with Those Charged with Governance ( Published in Journal Issue Dec., 2008)	April 1, 2009
9	NEW SA 265	Communicating Deficiencies in Internal Control to Those Charged with Government and Management ( Published in Journal Issue Sept., 2009)	April 1, 2010
10	AAS-12 SA 299	Responsibility of Joint Auditors	April 1, 1996
11	AAS-8 SA 300	Planning an Audit of Financial Statements ( Published in Journal Issue Dec., 2007)	April 1, 2008
12	(NEW SA instead of AAS-6 which stand withdrawn) SA 315	Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment ( Published in Journal Issue Feb., 2008)	April 1, 2008
13	AAS-13 SA 320	Materiality in Planning and Performing an Audit ( Published in Journal Issue August, 2009)	April 1, 2010
14	(NEW SA instead of AAS-6 which stand withdrawn as on date) SA 330	The Auditor’s Responses to Assessed Risks ( Published in Journal Issue Feb., 2008)	April 1, 2008
15	AAS-24 SA 402	Audit Considerations Relating to an Entity Using a Service Organization ( Published in Journal Issue August, 2009)	April 1, 2010
16	New SA 450	Evaluation of Misstatements Identified during the Audits( Published in Journal Issue August, 2009)	April 1, 2010
17	AAS-5 SA 500	Audit Evidence ( Published in Journal Issue April, 2009)	April 1, 2009
18	AAS-30 SA 505	External Confirmation	April 1, 2003
19	AAS-22 SA 510	Initial Audit Engagements-Opening Balances ( Published in Journal Issue March, 2009)	April 1, 2010
20	AAS-14 SA 520	Analytical Procedure	April 1, 1997
21	AAS-15 SA 530	Audit Sampling ( Published in Journal Issue Feb., 2009)	April 1, 2009
22	AAS-18 SA 540	Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures( Published in Journal Issue Feb., 2009)	April 1, 2009
23	AAS-23/ SA 550	Related Parties ( Published in Journal Issue March, 2009)	April 1, 2010
24	AAS-19 SA 560	Subsequent Events ( Published in Journal Issue Jan., 2009)	April 1, 2009
25	AAS-16 SA 570	Going Concern ( Published in Journal Issue Dec., 2008)	April 1, 2009
26	AAS-11 SA 580	Written Representations ( Published in Journal Issue Oct., 2008)	April 1, 2009
27	AAS-10 SA 600	Using the Work of Another Auditor	April 1, 2002
28	AAS-7 SA 610	Using the Work of Internal Auditors ( Published in Journal Issue August, 2009)	April 1, 2010
29	AAS-9 SA 620	Using the Work of an Expert	April1, 1991
30	AAS-28 SA 700	The Auditor’s Report on Financial Statements	April 1, 2003
31	AAS-25 SA 710	Comparatives	April 1, 2003
32	NEW SA 720	The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements ( Published in Journal Issue April, 2009)	April 1, 2010

· Effective date means that the SA is effective for audits of the financial statements for periods beginning on or after the specified date.

Standards on Auditing (SA)

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Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

Important for PCC and IPCC.

Chapter - 2.

Attached File : 40_chapter_2.doc downloaded 3 times

I saw the syllabus of IPCC and PCC.

It is very much similar to as which is in PE-II.

So i have uploaded suggested answers of the PE-II's Auditing Paper of All the chapters for the benefit of students of IPCC and PCCSuggested for IPCC and PCC FOR AUDITING

As they can know what type of questions are asked by the institute and in which manner.

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

IMP for ipcc and pcc suggested answers of PE-II of Auditing

Chapter 4: Internal control

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Attached File : 49_chapter_4.doc downloaded 16 times

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

IMP for ipcc and pcc suggested answers of PE-II of Auditing

Chapter 7 : Company Audit - I

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Attached File : 28_chapter_7.doc downloaded 14 times

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Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

IMP for ipcc and pcc suggested answers of PE-II of Auditing

Chapter 8 : Company Audit - II

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Attached File : 24_chapter_8.doc downloaded 15 times

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Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

IMP for ipcc and pcc suggested answers of PE-II of Auditing

Chapter 3

Attached File : 13_chapter_3.doc downloaded 21 times

Rahul Bansal (Finalist) (35929 Points)
Replied 09 July 2010

KALPESH

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Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

IMP for ipcc and pcc suggested answers of PE-II of Auditing

CHAPTER 9 SPECIAL AUDITS

Attached File : 48_chapter_9.doc downloaded 22 times

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 09 July 2010

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