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is audit ka kya karu main...... can anyone help me

CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)

06 March 2010

Professional Competence Examination Results

ROLL Number	54667 *Check Merit
Name	HARI SHANKAR
Group I
Advanced Accounting	077
Auditing and Assurance	030
Law, Ethics and Communication	061E
Total	168
Result	FAIL
Group II
Cost Accounting & Financial Management	053
Taxation	047
Information Technology and Strategic Management	059
Total	159
Result	PASS
Grand Total	327

this is my numbers in nov,2009 last time i got failed only bcoz of AUDITwhat can i do now can anyone suggest me what to do or which books will i study o r schedule hw to study?

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39 Replies

Sucharitha sastry (article) (23 Points)
Replied 06 March 2010

revision test papers of the institute will definitely help you....u can study the PE-II RTP also.

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 06 March 2010

You are a very good student. Just be confident. Workout on your presentation and writing skills. Analyse the technique to answer practical questions of Audit. Believe me you are not far away from success or in other words success is just round the corner.

All the Best

ALL MY EXAM TIPS AT ONE PLACE

Attached File : 51 real time tips to deal with theory paper.pdf downloaded: 400 times

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CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 06 March 2010

ok boss but someone tell me that read study material it will help u a lot ,,n u also tell me about presentation also which i did very well in exam cause i hav got 59 marks in it & sm and got 60marks in LAW but i dont know why i hav been granted by 30marks only?

Sushil (CA Final Student) (2571 Points)
Replied 06 March 2010

Your marks are very good........have confidence.

Audit requires good presentation skill in a good manner. Refer Padhuka's text book for this subject, it covers everything for this subject i.e. Module, Compilation and RTPs. Do your study as presented below:

1. Read all AAS / SAs throughly from D.S.Rawat who has presented it lucidly - Try to do it twice.

2. Read AS (majorly 1-20), you Accounts marks shows that you might be good in this.

3. Read Company Audit Part - I & II throughly.

4. Then go for EDP Audit, Special Audit & Government Audit.

5. One Question in Audit Paper comes for "How will you vouch / verify" for 16 Marks, it requires general understanding of particular items. Read all previous questions for this.

You will get thru PCC in this coming May 2010 Exam.

Best of Luck !!

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Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 06 March 2010

Dear Harry,

which book u refered for ur exams.......

For Audit... Padhuka edition is sufficient........

or if u concentrate on studies...... Plz get the Latest module of ICAI....

For SA............ D.S.Rawat

Keep Going & u wil definitely rock,

regards,

ratan

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CA Akshay (Employee) (151 Points)
Replied 06 March 2010

Ur marks in other subjects are very good.....U r such a brillient student.

Just make some more efforts and keep some writing practice...

Actually Theory subjects are some times depends on luck.....Who is checking our copies thats also consider for our results...

keep it up dear...Be positive...It will be scoring subject for u in Final.

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CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 06 March 2010

i had attend audt classes from surbhi bansal.........

CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 06 March 2010

my boss is not going to leave me before 15th april ........anyways i wil definitely try my best

pls tell me i hav scored 77marks in a\cs and 61marks in law whether can i claim exemption in both subject or in only one subject i m confused..... i ask from noida branch but they did not clear my doubt?

CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 06 March 2010

Harry yaar...

Koi tension nahi, audit is not that difficult subject,. I think u concentrated on other subjects very well.., so shayad thodi mehnat AUDIT ke liye kam padh gayi ho...

But, not to worry at all... U'll get thru this time easily, u r not dumb and that is proven by marks of rest of the subjects..

Just concentrat on important topics and u will get thru..

ALL THE BEST

CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 06 March 2010

Harry u can claim for both the subjects ofcoarse dear....

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CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 06 March 2010

Here are some tips, that i've observed from my own experience, just watch out if this can help u.

Read the latest edition of Padhuka. [Imp Note : Read compulsorily past examinations questions given in that book.]
Read AAS-5, AAS-6, AAS-8, AAS-18 and AAS-30 completely. Read compulsorily thick portions of other AASs especially recent AASs.
Read Suggested Answers from Nov. 2002 [Alternatively one can read ICAI Compilation of suggested Answers for Advanced Auditing (May, 2000 – November, 2006)]

One can safely ignore the following chapters-

Audit Sampling & Risk, Audit Evidence, Types of Audit & Company Audit of Share Capital.

Important Chapters:

Companies Audit – Appointment, Duties etc (15-20 Marks)
EDP Audit (Minimum 5 Marks)
Audit Report (Especially AAS-28, Sec. 227(1A), Sec. 227 (2) & (3) and CARO, 2003 including Statement on the Companies (Auditor’s Report) Order, 2003 given in ICAI Material) [Minimum 5 Marks]
Government / Special Audits [Minimum 5 Marks]
Audit of Income/Expenditure & Assets/Liabilities [Minimum 10 Marks]
And finally, considering all case studies and the auditing standards, the range of marks allocation in exam for the same is 20-50 marks. So, don’t ignore them.

Recent Changes:

New Professional Ethics Chapter as amended by The Chartered Accountants (Amendment) Act, 2006
Chartered Accountants (Procedure of Investigations of Professional and other Misconduct and Conduct of Cases) Rules, 2007

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CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 06 March 2010

but i hav contact makkar sir he says no u cant claim exemption in 2 subject in 1 group ;but aashish kalra sir says u can claim exemption in both subject

ab main kya karu mujhe kuch samjh nhi aa rha.......... kiski baat maanu aur kiski nhi

Bhavik Davda (Proprietor) (238 Points)
Replied 06 March 2010

Dear if find out from some where Read... AAGAM Publicaitons Ahmedabad book... it is really worth and you may need to work on the presentation.. dude audit is nothing... when you are able to clear the rest.. do it out due....

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