CA Rachit Agrawal (CA Practice) (400 Points)
31 January 2015Respected Sir,
May i know that which compiler is easy in understanding,i.e. I should study from CA Institute Compiler or from Reliance Compiler?
Please Help Me.
Thanks
Shuchita Scanner : Horrendous Compilation. Mistakes in every question. There are printing mistakes as well as logical errors.
Total waste of money.
Reliance Compiler : Just between Below average and Average in quality. The printing errors are less than Shuchita scanner. The logical errors are less than Shuchita scanner.
Avoid it.
ICAI Practice Manual : Best. No printing error or logical error.
Highly Recommended.
ICAI Compilation of Suggested Answers : Very Good. But the only problem is that, it is not updated frequently by ICAI. Last compilation is upto Nov 2013.
Use it if you are in a hurry, as the no. of pages are less than Practice Manual.Add suggested answers for May 2014 and Nov 2014 from ICAI website.
NAINA
(NA)
(58 Points)
Replied 15 February 2015
NAINA
(NA)
(58 Points)
Replied 16 February 2015
thank you for the guidance. i myself want to refer practice manual . the only thing iam not happy is the questions in practice manual does not contain details like year , marks, etc. :(
NAINA
(NA)
(58 Points)
Replied 16 February 2015
sir one more thing to ask. In audit subject, there are lot of changes due to companies act,2013.
Are the answers in practice manual updated as per the latest prevailing provisions or the answers are according to the provisions during the year in which the questions were asked?
Answers in practice manual are updated as per the latest prevailing provisions.
But Compilation is not updated.
This is the reason I am stressing on Practice manual. With practice manual, you will have to do no extra work.
Compilation will require extra work.
For Audit : Some Tips :
Paper 2 : Advanced Auditing and Professional Ethics
Books : Practice manual + RTP(Latest and Past 3) + MTP(Latest and Past 3)
SA- First do rote learning of SA nos. and there names ( THIS IS MOST IMPORTANT STEP IN AUDIT PREP. ) Then DO PRACTICE MANUAL Chapter on SA. Then do Summary of SA. Download it from Caclubindia.
AS-First do rote learning of AS nos. and their exact names. Then DO PRACTICE MANUAL Chapter on AS from the Financial Reporting PM.
Professional Ethics : First do rote learning of Clause nos. and their names.Then do Practice Manual Chapter.
Amendments : Cover Amendments in Financial Reporting, Audit, Company Law, IDT, DT. Give special attention to amendments indirectly affecting audit aspect. Also study selectively from your ISCA book : CAAT and other issues, Emerging technologies, and auditor's responsibilities given here and there in all the chapters.
Guidance Notes on Audit and Accounts : Do rote learning of Names. Dont learn the content. Other Chapters : Study from the Practice Manual only.
IN THE EXAM HALL:
1.KEEP qouting SA, AS, relevant add ons learnt from other subjects.
2.Try to use words like " Sufficient And Appropriate audit evidence" instead of audit evidence.
3. TRY TO FLAUNT YOUR KNOWLEDGE ON THE PRACTICAL ISSUES OF AUDITING ASPECTS EXPERIENCED IN THE ARTICLESHIP ( This is not ISCA, where you have to produce the exact content from the study material)
A big % of CA Aspirants have a poor Vocab. You can kill the competition By using Effective and Efficient English.
Aarti sharma
(Student CA Final )
(174 Points)
Replied 16 February 2015
for CA Final Audit, you should try sumit aggarwal book. It cover all question of PM & scanner with short notes.
CAclubindia
