Practice Some Auditing Questions for CA Intermediate (10 May 2024 Exam)

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Que. SA-580 relates to-

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(a) External confirmation (b) Audit materiality (c) Opening balances (d) Written representation Checkout Last Page for Answer

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Que. Which of the following is an example of inflating cash payments?

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(a) Making payments against purchase vouchers (b) Teeming and lading (c) Not accounting for cash sales fully (d) Making payments against inflated vouchers Checkout Last Page for Answer

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Que. Which of the following is more scientific 

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(a) Statistical (b) Non- statistical (c) Both (a) and (b) (d) None of the above Checkout Last Page for Answer

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Que. Determining a percentage to be applied to a chosen benchmark involves the exercise of

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(a) Independence (b) Professional Judgment (c) Professional skepticism (d) All of above Checkout Last Page for Answer

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Que. (IESBA Code) related to an audit of financial statements establishes which of the

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(a) Integrity (b) Objectivity (c) Professional competence and due care (d) All of the above Checkout Last Page for Answer

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Que. The overall audit strategy and the audit plan remain the responsibility

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(a) Auditor's (b) Management's (c) Those charged with governance (d) All of the above Checkout Last Page for Answer

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Que. As per SQC-1 “An appropriate time limit within which to complete the assembly of

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(a) 30 (b) 60 (c) 90 (d) 45 Checkout Last Page for Answer

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Que. Controls can be related to an assertion

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(a) Directly (b) Indirectly (c) Directly or indirectly (d) None of the above Checkout Last Page for Answer

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Answer Key (1) Ans. D (2) Ans. D (3) Ans. A (4) Ans. B (5) Ans. D (6) Ans. A (7) Ans. B (8) Ans. C

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