DISCLAIMERS

1. All information and views presented in this revision session are based on my own
knowledge, and experience. This should NOT be taken as ICAP’s or any of its official’s point
of view.
2. If anything in this revision session is in conflict of what your teacher taught you, FOLLOW
YOUR TEACHER.
3. This revision session is NOT a substitute of your regular classes. If you have not attended
your classes regularly, and think that this class will fill the deficiency, YOU ARE WRONG!
Purpose of this session is to give you an overview of important topics of the subject and to
tune-up the direction of your efforts to make them exam-focused.

REASONS OF FAILURE IN CAF 09

ENVIRONMENT FACTORS:
1. Mobile
2. Internet
3. Hostel Life

EDUCATION AND EXAMINATION SYSTEM:

1. Study Text and Paper are not synchronized.
Questions set in the paper are sometimes “much difficult” or of “substantially different
pattern” as compared to concepts taught to students in the Text (e.g. Q. # 5 of 11 marks in
Spring 2019 attempt).

2. Requirements of the questions are sometimes not clearly drafted.

3. Inconsistency in setting paper

Some attempts question paper is set too difficult, sometimes too easy which results in
significant variation of results e.g. passing ratio of latest attempts are 21%, 55%, 30%, 15%.

TEACHERS:
Thinking teaching is a one-way process i.e. teacher to student. We are not available for their
queries. We don’t have time check their tests to identify their weaknesses and to improve them.
Teaching in CA is beyond then reading just a single book.

STUDENTS:
Reasons specified by Examiner:
1. Selective Studies.
2. Not reading requirements of the question carefully.
For examples, student often get confused when answering:
o Reliability (Evidence, Data for Analytical Procedures, Representation)
o Limitations (Audit or Internal Control)
o Responsibilities (Overall or specific)
o Exceptions or inconsistency or contradiction (CFO Vs. Lawyer, F/S & Other
Information, Debtor Confirmation, Budgeted Vs. Actual in Analytical Procedures)
o “Procedures to identify”, or “Procedures on identifying”

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 3. Not attempting question in alignment with requirements of the question e.g. when there are
two requirements in a single statement.
4. Including irrelevant points.

Reasons not specified by Examiner: (based on my own experience)

1. Poor selection of subject.
2. Studying each subject from a different institution, so lot of time is wasted.
3. Thinking to be a “Chartered Accountant” means only “Accounting” subject is important.
4. Absenteeism (due to minor reason), or Coming late in class.
5. Using Mobile phones in the class.
6. Not listening attentively to questions of others.
7. Don’t memorize subject as topic is taught, and don’t make revision.
8. Not attempting Class Tests.

HOW TO USE READING TIME

 Underline key words in the requirement, and in text of case studies.

 Write short form/Abbreviation of conclusion at right/left side. (Request to ICAP to relax
students in this regard)
 Questions to be attempted according to requirements of the question.

HOW TO ATTEMPT PAPER

Understand requirements and attempt paper exactly according to requirements.

 Look at given information in case study. Don’t assume what is clearly given in the question
(e.g. when Profit is given, or question states that an item is Disclosed or client agrees
 Don’t go beyond facts given in the case study, otherwise it will be a theoretical question (e.g.
identifying all possible weaknesses in case of Internal Control System)

E-Marking System
1. Don’t write on (both sides of) first and last page of answer script.
2. Start new question (or part of question) on fresh page, and write question number on top of
page at specified place.
3. Strongly advised to watch the video on e-marking system developed by ICAP.

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