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How do you Score an Exemption in CA Final Audit and Law?

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Law and Audit are the scariest subjects in the CA Final course because what we read is actually a theory but what ICAI asks in the exam is beyond our expectations.

Even getting a pass in theory papers like Audit seems to be a challenge but still, there are some students who score exemptions in these subjects. How?

Do they work extraordinarily? Have they completed SM, PM, MTP, RTP everything? Or what was their strategy?

You might have such questions. You will find all the answers on this page. None of the students takes the CA Final lightly; otherwise, he could not be a CA Finalist.

Every student works hard to get an exemption and achieve the best CA Final result. But what is the difference between some students achieving exemption and others not even clearing these subjects?

We are sharing with you a strategy for achieving exemption in CA Final Audit and Law papers.

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Do Not Replace Keywords

It is a myth among students that you have to write a bookish language. Be practical, students; you cannot remember such language for a long. So, you can use your language but the keywords in the answers should not be replaced.

Even if you think your word is better than what has been written, you are not allowed to replace the keywords. For Example, Nature, Timing and Extent, Test of Details, or sufficient and appropriate audit evidence.

Furthermore, ICAI will release the CA Final Admit Card for the Nov 2024 exam. To know the release date and download process, check the article.

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Quote Section and SA Number

It is not mandatory to write the section number or SA number until the IPCC/CA Intermediate level because at that level, only basic knowledge regarding the provision is tested.

But at the Final level, ICAI demands the experts, who are mandatorily required to quote section number or SA Number and name.

End Your Answer with An Appropriate Conclusion

After clearing the CA Final, you will become a Chartered Accountant, and you have to express an opinion on the Financial Statements. Most of the time, ICAI does not ask questions directly from the course, it gives you a practical case study on which you have to express your opinion.

You will be granted marks based on your conclusion besides other things that must be appropriate. Writing irrelevant or unnecessary things can frustrate the examiner so write your answer point to point.

Support your conclusion by stating whether an auditor should give a qualified report, an adverse report, or an unqualified report, as per your opinion.

Support Your Reading with Charts

The course is very vast, and time is limited. Revising again and again from such lengthy books is not possible. But it’s hard to clear CA Final without proper revision. You should support your revision with charts or short notes, which consume less time and are also interesting to read.

You should prepare such charts or short notes while preparing for your course. These charts will help you a lot during your revision and will not bore you.

Either you can paste some revisionary charts on the wall of your room, which will make you read them often while you are roaming here and there.

Don’t forget to read CA Final One Month Revision Strategy.

Proper Presentation

Writing the correct answer is not sufficient to gain marks in CA papers. Besides writing the correct answer you have to present it properly. The answer must be given in a sequence as demanded by ICAI.

It should start with what the examiner wants to ask or what question is demanding. Then it should be supported by the necessary section and provision. You should also support it with case law if possible. At last, end your answer with the appropriate conclusion.

Proper Presentation of Case Laws

Not only the answer but also the case law should be presented properly. Well, most students commit such a mistake. They write the name and directly give the result of the case law.

However, you should summarize the facts of the case and then explain the situation or problem in the case. At last, write the solution or result of the case. This presentation will help the examiner evaluate your paper easily and help you attain good marks.

Timely Revision

Revision is as important as completing the course. Your efforts will be wasted if you don’t revise your course in a timely manner.

Separate a day from the week to revise your course which you have completed in the last 15 days. Besides this, you should also give the last 15 minutes of the day for a short recall to revise the things you have studied during the whole day.

It takes you a while to feel that you have a command over the topics you have prepared. Maybe you won’t be able to complete one or more such topics, but what you have completed, you can recall in your exam without any effort. Hence, properly plan your studies, including timely revision.

Consider PM and RTP

You might have gone through many questions but still need to cover the questions given in PM and revise them with the help of RTP.

The Study Material and Practice Manual provided by the ICAI is beneficial for students. They cover the questions that the ICAI wants to ask. To present your answer, you should follow the pattern given in the SM and PM.

Also, ICAI has a tendency to repeat the questions directly from the PM and now SM. RTP covers a very small number of questions, which could revise your whole course. So, try to cover the past 3-4 attempts of RTP.

Practice MTP

After completing your course, you should start practising the CA Final Mock test papers. Practising papers at home will help you in improving your answer as well as you can manage speed in your exams.

Solve MTP of this attempt and 3 past attempt question papers.

These are some tips that will surely help you exempt theory papers in the CA Exam. I hope you like this article. All the best.

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