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Please tell me?

21 September 2011

m doing self study so i want to know,for getting exemption in audit, only surbhi mam's book is sufficient? how much should be the length of writing in paper for 4 marks qustion and 8 and12 marks question?

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CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 21 September 2011

answer should be to the point. no need to lengthy answers , quality is much matter than quantity

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CA Sapna Chhabra (Practice) (63 Points)
Replied 21 September 2011

if i know only 4 points according to surbhi mam notes is it give same points?

CA Ankit Shah (Service) (233 Points)
Replied 21 September 2011

If not sure about length of answer..... 4 points for 4 marks as u think OK for u.... u can write. and leave some space after each answer.

After written whole paper, u can add point to each answer.

Better to complete 6 (all) good answers than 5 (out of 6) the best answers.

1 Like

chandar (Deputy Manager-Accounts) (296 Points)
Replied 21 September 2011

Dear Sapna,

audit TIPS is fyn in all aspects. There are many points which are not covered by Surbhi mam or atleast compare both yourself.

IPSA ;) ($) (611 Points)
Replied 22 September 2011

content is what matters ! not the length ! :)

al d best !!

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CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 22 September 2011

Answer must be according to the question....

THERE IS NO SPECIFIC NUMBER OF LINE....NO ONE CAN SAY....

QUALITY OF ANSWER IS MORE IMP,THAN QUANTITY....

WRITE TO THE POINT.....

Jatin Singh Negi (Country Analyst ) (505 Points)
Replied 22 September 2011

along with writing the points, you would have to elaborate them also.

Deepti (article) (59 Points)
Replied 29 September 2011

Originally posted by : sapna chhabra
	m doing self study so i want to know,for getting exemption in audit, only surbhi mam's book is sufficient? how much should be the length of writing in paper for 4 marks qustion and 8 and12 marks question?

Some general tips regarding answering any exam:

1. Use only black pen when answering the exam.

2. Pencil, fountain pens, gel pens and coloured pens (including highlighter pens) should be avoided..

3. Start each question on a new page and write the question number in the section at the top of the page.

4. Do not write anything on the left and the right margins of each page.

5. Structure your answers in a paragraph format. Try to give headings wherever possible.

6. Number your working notes clearly.

7. Use clear and specific language.

8. Avoid spelling mistakes.

9. Write in a legible and neat handwriting. Avoid congested writing.

10. Strike out incorrect answers rather than using correction fluid.

1 Like

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 29 September 2011

Originally posted by : CA PRAVEEN SINGH
	Answer must be according to the question.... THERE IS NO SPECIFIC NUMBER OF LINE....NO ONE CAN SAY.... QUALITY OF ANSWER IS MORE IMP,THAN QUANTITY.... WRITE TO THE POINT.....

Agreed

RG - A Helping Hand (Company Secretary) (13867 Points)
Replied 30 September 2011

Dear Sapna,

As per my suggestion for getting thoroughly knowledge and getting good marks in Audit it is desirable to refer ICAI study along with any reference book.

So I would advise you to refer study mat along with surbhi’s book.

As far as length of answer is concerned there is one rule in professional exams which is write to the point answer. For length purpose kindly refer the answer given in ICAI suggested answers.

Also improve your writing and presentation skills.

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RG - A Helping Hand (Company Secretary) (13867 Points)
Replied 30 September 2011

How to prepare and score well in Audit subject

Dear All,

As we all know Audit is a very important and tricky paper for PCC and Final level and responsible for student’s failure some times. To excel in Audit proper preparation and planning is very much required to avoid failure. Further Audit is a paper which requires a practical approach towards actual Audit work.

According to me while studying audit paper you should consider yourself as an auditor and analyze and comment on the situation as an auditor.

Some of the points which can really help you to score well in Audit are as follows. Sincerely hope that the same would help you to deal with audit paper.

Some of the important and common topics for IPCC and Final Audit are:

1. Accounting Standards (AS) and Auditing Standards (SA)

2. Company Audit

3. Verification and vouching

1. PREPARATION AND APPLICATION OF SA AND AS IN AUDIT

In Audit paper Accounting Standards (AS) and Auditing Standards (SA) plays very crucial role. This role has two way functionality. One is good preparation of AS and SA give good confidence to deal with exam paper and pressure; Second is good preparation of AS and SA helps you to deal with real job situations during your professional journey.

Special attention to SA and AS is required to be given. Along with good knowledge of SA and AS the technique to apply SA and AS in audit practical problems should also be clear to you all.

To understand the application of SA and AS in audit practical problems I would advise you to observe the application of SA and AS in the scanner solutions and ICAI suggested.

It is also advisable to mention SA in audit paper wherever required just like sections. For example if some where going concern word is used in the context of Audit, you may mention the relevant AS no. where “going concern” is defined and explain the same if you have time.

All am trying to focusing to the connectivity of AS and SAs. For example while explaining SA-5 you can connect SA-16 in a good manner then go for it. Show your knowledge. Remember 20 to 30 marks are covered by SA and AS. So prepare accordingly.

2. READ EVERYTHING IN AUDIT WITH OPEN MIND

As per my understanding audit is a paper requires lots of quick and logical application of mind to answer practical problems. Hence I’d suggest you to give a reading to ICAI audit study material to understand the depth and figure out the efforts and time required for preparation. By this kind of reading you may prepare a strategy for audit purpose.

Here you can make necessary notes for yourself on the study book during reading. This will surely help you to deal with audit subject later on during final preparation.

During this study keep scanner with you to figure out the important topics. Later on use any good notes to prepare. Remember at this moment you have everything in your mind like what is imp along with basic idea of the topic and chapter.

3. SELECTION OF RIGHT BOOK

As per my suggestion selection of right books is very important. I’d suggest you to go with Paduka book along with Surbhi Bansal’s notes for reference. Timely reference of ICAI syudy is also recommended.

Surbhi Bansal’s notes/books can be very handy for the preparation of SA in Audit paper.

4. ANSWERING PRACTICAL QUESTIONS

In Audit paper Practical questions plays an important role. These Practical questions mostly based on Practical questions Accounting standards and auditing standards. Here I’d advise you to refer DS Rawat book for preparing Accounting standards. Always remember good command over Accounting standards and its application to practical questions are the real key to score in audit.

Further Accounting standards are also mandatory to prepare for Financial Reporting paper or Accounting paper. So give special attention to AS.

5. STRATEGY FOR COMPANY AUDIT

Strategy for company audit also needs to be prepared well in advance. Weightage of company audit is very high in audit paper. For this I’d suggest you to prepare well all the relevant sections. Refer previous exam practical problems asked in previous exams.

6. SOME OTHER GENERAL POINTS

I would strongly suggest you all to stick to the basics of study to avoid further failure and ensure success. For me some basics of study are as follows:

a.) Timely completion of course material—Very first basic thing is to finish your course to have better idea of course structure. This will also help you to prepare a good revision schedule along with study plan.

b.) Timely revision-- Another basic study point is to give ample emphasis to a good revision plan. There is nothing is this world which can substitute a good revision plan. To succeed revision is must.

c.) Ample amount of practice of Numerical [account and cost] questions-- One major reason of student failure is bad performance in practical questions. So ample amount of practice of Numerical [account and cost] questions is must along with perfect conceptual clarity.

d.) Right amount of theory preparation in practical subjects—Most of the students don’t give due value to the theory in the practical subject. So right amount of theory preparation in practical subjects is equally important. The best way to solve this issue is to prepare notes of frequently asked theory questions from Scanner.

e.) Selection of right books—Another basic point for good preparation is the selection of right reference books. So take help from your seniors in choosing right books.

f.) Good presentation of theory— Lack of good presentation especially in theory paper is one of the major drawbacks for most of the students. In theory subjects good presentation of theory is must along with mentioning case laws and sections etc. So I’d request you all to take note of the same.

Link for my other article is:

HOW TO PREPARE FOR CA FINAL IN LESS TIME

Please share your views and ideas.

Regards