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

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

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

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Que: No business or institution can effectively carry on its activities without the help of proper:

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

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Que: Which of the  following is not addressed by the overall audit strategy :

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(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

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

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(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

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Que: Which of the following is not an example of audit documentation:

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

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

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(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

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

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(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

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Que: The risk that the financial statements are materially misstated prior to audit is called:

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

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

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