Next-Level Preparation: Solve these Questions  for CA Inter 2024

(a) management (b) those charged with governance (c) audit committee (d) board of directors Checkout Last Page for Answer

Q1. The persons with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity are :

(a) Audit (b) Record and accounts (c) neither (a) nor (b) (d) both (a) and (b) Checkout Last Page for Answer

Q2. No business or institution can effectively carry on its activities without the help of proper ------------- 

(a) scope of the audit (b) timing of the audit (c) direction of the audit (d) monitoring of the audit Checkout Last Page for Answer

Q3. which of the following is not addressed by the overall audit strategy :

(a) obtaining audit evidence. (b) evaluating audit evidence. (c) obtaining or evaluating audit evidence. (d) obtaining and evaluating audit evidence. Checkout Last Page for Answer

Q4. Most of the auditor’s work in forming the auditor’s opinion consists of :

(a) Audit programmes (b) Summaries of significant matters (c) Audit file (d) Checklists. Checkout Last Page for Answer

Q5. Which of the following is not an example of audit documentation:

(a) obtaining audit evidence. (b) evaluating audit evidence. (c) obtaining or evaluating audit evidence. (d) obtaining and evaluating audit evidence. Checkout Last Page for Answer

Q6. Most of the auditor’s work in forming the auditor’s opinion consists of :

(a) A Disclaimer Opinion (b) A qualified opinion (c) A qualified opinion or an adverse opinion in accordance with SA 705 (d) An unmodified opinion Checkout Last Page for Answer

Q7. With reference to para 4, in such a situation CA M shall express a :

(a) Risk of material misstatement (b) detection risk (c) audit risk (d) significant risk Checkout Last Page for Answer

Q8. The risk that the financial statements are materially misstated prior to audit is called-

Answer Key Q1- B Q2- B Q3- D Q4- D Q5- C Q6- D Q7- C Q8- A