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Need advice please !! nov

Monish (Chartered Accountant !!) (94 Points)

02 September 2014

Hello,

Would really appreciate your suggestions ! (And sorry for the moderately long post )

So I gave my CA Final 1st attempt in May 2014, & I got 185 & 185 marks in group 1 & 2
They *awarded* me 38 marks in Audit & 38 marks in ISCA :( .... (Which for the record were the two best papers of my exams...according to me ) along with Law in which i got 51 (was expecting at least 60 )

Gave those 3 papers for reval/certified copy .... & they further reduced my marks in them >_>

ANYWAYS ... what my question is , What more do they want us to write in the Audit paper ? Along with the main body of the answer , i quoted Plenty of Section No's,etc from * The Co.s Act * CARO 2003 * AS' *SA's !

Hell, in Law i even quoted the section number from The Prevention of money laundering act >_<
IPCC was'nt bad ... got 4 exemptions out of the 7 subjects in the first attempt ! (Accounts,Law,Audit,IT/SM all Theory papers :p )

( Not that I'm trying to speculate or something ; but does the examination center or which State do i give the exam from matter ?? Because one of my friend was in the same exam center , he got a rank in Ipcc .. i think #42 or something ... anyways , even he got 38 & 38 in Audit & ISCA when he was hoping for a rank again )

> So Please , tell me what i need to do now , because i can see that their Correction standard is very difficult ! Gave me 2 marks from the 8 mark question which came from the Practise Manual , which i had read and tried to reproduce in the paper )
> Thinking of giving only Group 1 this time ...

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12 Replies

Palak Gupta (Student CA Final ) (417 Points)
Replied 02 September 2014

I can relate myself with your situation. I am also preparing for both group as I know that my preparation for first attempt was superb. Just need a little finishing by doing practice manual and scanner. And we will nail it this time. So don't worry. And study well.I do think that something is fishy in checking of papers. But we can't do anything except applying for revaluation or going to judiciary. But judiciary will take its own time. So we should study from exam point of view rather than gaining knowledge. As we gained knowledge while preparing for first attempt. Now we have to do smart studies to fetch more marks. And this can be done by focusing on practice manual and scanner. So we have to be calm, burst out stress and we will nail it this time for sure.

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Monish (Chartered Accountant !!) (94 Points)
Replied 02 September 2014

Thanks for your reply man ! The only thing that help's keep calm is knowing that there are many others in the same boat ! But two groups again seems a very risky move ! High risk high return :p

Ankit (student) (439 Points)
Replied 02 September 2014

You can go for both the groups. No need to go for one.

From your analysis it is quite clear that your paper went to the wrong person for correction.

Get the certified copies and check if there was any error in checking.

A student like you can easily get a rank so better go for both groups and put the same efforts.

Palak Gupta (Student CA Final ) (417 Points)
Replied 02 September 2014

We will definitely do it. Don't worry.

Monish (Chartered Accountant !!) (94 Points)
Replied 02 September 2014

@ ankit ... Thanks for the compliment :D I already received my certified copies... They have..... Just..... given a mark or two out of a question worth 6-8 marks ....!!

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a_naik (.) (65 Points)
Replied 02 September 2014

My situation is similar too. I got my certified copy if accounts paper and i was shocked to see that they gave me only 8 marks out of 16 in consolidation just because i solved it by direct method. In suggested answers they have solved it by indirect method. Otherwise my whole sum is correct. And the worst thing is that i only need 7 marks to clear first group and become a CA.

Joey Tribbiani (fdg) (2010 Points)
Replied 03 September 2014

First of all you have to understand that IPCC and Final are two different worlds. In IPCC you can get marks by quoting section,etc but in Final you will have to do analysis of the section too,without which marks will be deducted. If you wrote section numbers and still didnt get marks,it may be because of this reason.

Checking for Audit and ISCA are two extremes in standards of checking in ICAI. Since checking is done by CAs who have knowledge of Audit,hence they expect very high standards of answers. Quoting of sections does 1/3rd of your work(read:get marks) if you can produce the section precisely as mentioned in the Act,however if not,you will get only half of that marks even if you have quoted section number. After that comes the analysis of the section and then applying that section or case law to the given case. In this paper,checker uses their mind too while checking answers. The checker uses his judgement and knowledge while awarding answers(which leads to bias).

On the other hand,ISCA,not being a domain of CAs,the checking is done solely on the basis of vetted answers provided by ICAI and they expect verbatim reproduction of them that is why when you mug up ICAI module you score very good marks in this subject.

Someone above mentioned that he/she got less marks consolidation question because he used different method than suggested answers,please dont have this misconception as while checking papers,ICAI gives alternate answers possible in a particular question in suggested answers to checkers. Suggested answers(on website) are not necessarily the model answers used for checking. The problem may be with your working notes or something else.

If you can,get in contact a person who checks papers so he can guide you as to how answers are checked and if possible provide those same sheets used for checking (they are confidential and it is very difficult to get them)

All the best

Aman Sharma (Student CA Final ) (73 Points)
Replied 03 September 2014

Same Here...184 first group and second 174 n isca only 36 marks though my answers match the suggested..even got only 42 in IDT and was expecting 55+...

By the way is the revaluation result out.?

Monish (Chartered Accountant !!) (94 Points)
Replied 03 September 2014

@ sid thanks for your explanation ! Appreciated it !! Nd @ aman ... Ul get the email when your result will be uploaded !

CA Rupal Jain (Deputy Manager at ICICI Bank) (82 Points)
Replied 01 October 2014

Hello everyone

Please do share ur results of certified copies/verification as and when they are out.

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K S JOLLY (CA) (369 Points)
Replied 02 October 2014

Strategic Management Video Lectures - Full Syllabus Covered in only 11 hours

Demo Video: https://www.youtube.com/watch?v=tIHjRWIucnU

For Full Videos visit: www.coursemateonline.com

See Attached Free Quick Revision Notes

Attached File : 37380 1370616 qrn ch 1 business environment.pdf downloaded: 181 times

K S JOLLY (CA) (369 Points)
Replied 02 October 2014

Strategic Management Video Lectures - Full Syllabus Covered in only 11 hours

Demo Video: https://www.youtube.com/watch?v=tIHjRWIucnU

For Full Videos visit: www.coursemateonline.com

See Attached Free Quick Revision Notes

Attached File : 37380 1370623 qrn ch 1 business environment.pdf downloaded: 165 times

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