CA Final Audit exam planner for Nov 23 attempt by CA Pragnesh Kanabar
Introducing the “CA Final Audit Exam Planner for Nov 23 Attempt” by CA Pragnesh Kanabar—an invaluable resource designed to enhance the preparation journey for aspiring Chartered Accountants. This planner combines comprehensive coverage of the CA Final Audit syllabus with strategic insights and effective study techniques. With a focus on Nov 23 attempt, CA Pragnesh Kanabar brings a wealth of experience and expertise to guide candidates through a structured and optimized study plan, fostering confidence and success in the challenging CA Final Audit examination.
Our Audit fast track CA final courses are designed to provide intensive study sessions, focused instruction, and targeted preparation strategies for the exam.
Here's a message from CA Final Audit best faculty, Pragnesh Kanabar
I hope that your SFM paper turns out to be a great scoring paper but irrespective your paper, don’t think about it at this moment. It’s all about preparing CA Final Audit.
Time Available- 5 hours (300 mins)
It is important to finish topics which do not require memorizing job as paper is on 5th November 2023. So, finish small but effective topics as given below:
a) Audit of PSU- 40 mins
Focus on Module questions and memorize 2 points per concept.
b) Company Audit (Sec 139 to Sec 148 + Other small points like dividend declaration, NFRA, Audit of LLP etc. 200 mins
Give more importance to Sec 143 (1) (3) (12) reporting requirements, rotation of auditor provisions, disqualifications, Applicability of various sections and other small points. Solve module questions. c) Try to cover few SAs which are your favorite to lower the workload on next day. You can try finishing basic SAs like SA 505 580 501 510 which are just evidence based.
4th November- 15 hours (60 * 15 = 900 mins)
1st 7 hours- Non SA topics
PE, Bank Audit, NBFC, PR, QR, IMO Audit and IDF
[PE- 120 to 150 mins, Bank Audit- 60 mins (focus on NPA and module questions), NBFC- 60 mins (proper preparation required), PR and QR- 90 mins, IMO Audit and IDF- 90 mins (focus on module questions. In IMO Audit- 2 points per concept and for forensic- 2 points per concept)]
2nd 7 hours- Cover points covered in Brahmastra Revision notes and solve module questions of Chap 1 2 3 and 6.
45 mins- Audit under Automated Environment- Module questions only + 2 points per concept 45 mins- Audit of Insurance- Module questions only.
5th November- 5 hours (300 mins)
Audit Committee- 60 mins- BOD Composition, Audit Committee Composition, Various Committee Composition, N22 to N23 RTP Questions and N22, M23 exam questions MTP Questions only. Tax Audit- 120 mins- Module questions and M23 N23 RTP questions and N22 M23 exam questions only. CARO Revise applicability and clause summarized content only- 60 mins.
Liabilities of auditor- only section content and module questions- 30 mins.
CA Final Audit Exam Paper writing tips:
15 mins to read question paper- Just look at the last line of all questions to understand the requirement of all questions. This will make you clear about the questions asked and in which of those questions you are more comfortable.
1st Phase– Focus on the questions that you know of. For example, if you know Question 1a and then 2b
and 3a and 4b then attempt these questions properly and leave space for other questions in between. One sub question on one page should be the rule.
2nd Phase– MCQs- Get the maximum out of the MCQs. Set a timer of 40 mins to get done with all the MCQs. If there are few MCQs where you don’t know the answer/concept just attempt whatever best you can think of and finish it. IF there are 2-3 MCQs where you are getting confused because of judgmental issues involved then don’t waste too much time behind it. Just leave it and attempt it in 3rd phase.
3rd Phase– Now you are left with those questions (descriptive and MCQs) where you are not very comfortable. Now your target is to complete the paper with max questions so just set a timer and start writing the answers with focus to attempt full paper.
All the very best. Keep Calm and Trust yourself.
Check the Revision lecture playlist here.
Telegram channel link for last day tips.
Regards,
CA Pragnesh Kanabar
Senior Audit Faculty for CA students
Director, Glocommerce Learning Private Limited
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