Hi Guys how was today's auditing paper? I felt that is was easy compared to other two papers(ACCOUNTS AND SFM)
15 Replies
CA Revati Galgali
(B.com ACA DipIFR(ACCA) CS(Exe))
(1049 Points)
Replied 07 May 2012
yeah..best out of the 3..at least for now..
Ashutosh kumar Maurya
(Finance Internal Audit Taxation and Accounts)
(33 Points)
Replied 07 May 2012
Yes it was easy in comparision to first two papers. and one can get good marks it do best.
ankit
(student)
(307 Points)
Replied 07 May 2012
what was the treatment of custom duty refund can any one tell ?
CA Revati Galgali
(B.com ACA DipIFR(ACCA) CS(Exe))
(1049 Points)
Replied 07 May 2012
chk page 25 of the attached file
Attached File : 684734 976488 19371sm aape finalnew cp15.pdf downloaded: 680 times
rajaa
(AUDIT EXECUTIVE)
(118 Points)
Replied 07 May 2012
Friends auditing paper might be easy....but what about valuation?? Whether ICAI will give the actual marks?? Whenever the paper was easy the valuation becomes tough...all the best friends....
Rohan
(Accounts & Finance Execuitve)
(68 Points)
Replied 07 May 2012
can anyone tell me d answer for 1(a) i.e ready garments sales return estimate of 20%.....
CA Revati Galgali
(B.com ACA DipIFR(ACCA) CS(Exe))
(1049 Points)
Replied 07 May 2012
as per me, Its AS 9 create provision for uncertainity arises after booking sales
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 08 May 2012
Question 3B says T "LTD" didnot report in 3CD..
doesnt it bear a conceptual error...??
how can T LTD prepare form 3cd? it is prepareed by the auditor.
I had written that T LTD was a mistake in question paper while it shall be T "and Co." ( assumed) and then gave my answer as that it has to report in 3cd at any cost since 3cd states a true and CORRECT view..
Is my view correct...?? the question reconstructed was clearly shown at the beginning of the answer.
Karthik Venkatram
(Chartered Accountant)
(247 Points)
Replied 08 May 2012
Friends.,
Question no 1 (a) is the same as asked in the "Expert Advisory Committee" during October 2011.
CA SHAFI SIDDIQUI
(Ca in Practice)
(228 Points)
Replied 08 May 2012
Guyz it alwayz same, Auditing is comparitivly very easy in the Group, but marks v get is vry low.... U all might be knowing it. My frien who attepmted 100 marks...such a brilliant guy.....got 41
Easy papers....strict evaluation
ankit
(student)
(307 Points)
Replied 08 May 2012
Dear karan institute was very correct this time in writing T ltd. because most CA's ask the client only to fill the form 3cd and then just reviews and signs it :P
practically toh aisa hi hota h!!! :P
CA Nidhi Goel
(Student)
(177 Points)
Replied 08 May 2012
@ Karan- Form 3CD is prepared by co. n cheked by auditor practically...
auditor makes 3CA n 3CB acc to co. n nt 3CD
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