hie guys ,, the audit paper was application oriented and required an approach of common sense and pratical outlook.
the much hyped ques no . 3 abt SPECIFIC ASSSERTIONS nd ol was based on AAS 5 : audit evidence , the specific assseertions were existence , rights., obligations etc ( refer ur aas module aas5 last page )
also the question involving CIVil Engineer is based on common sense , HOW IN THIS WORLD A CIVIL ENGINER CERTIFY THE VALUATION OF A MACHINERY ???????? u need a MECHANICAL ENGINEER to do so .
majority of the guys got this ques wrong and i would b harsh if i say dat the paper was easy .. but um sure as hell it wasnt hard.
CAclubindia
