CA Intermediate Auditing & Assurance MCQ

CA Intermediate Auditing & Assurance MCQ

1. Audit risk is a function of the


2. Standard on Quality Control (SQC) 1 provides that,


3. Audit documentation provides:


4. ____________refers to a difference between the amount, classification, presentation, or disclosure of a reported financial statement item and the amount, classification, presentation, or disclosure that i s required for the item to be in accordance with the applicable financial reporting framework.


5. Which of the following is not an example of audit documentation


6. If the auditor concludes that there is reasonable justification to change the engagement and if the audit work performed complied with the SAs applicable to the changed engagement, the report issued would be appropriate for the revised terms of engagement. In order to avoid confusion, the report would not include reference to:


7. When planning the audit,


8. Most of the auditor’s work in forming the auditor’s opinion consists of obtaining and evaluating audit evidence.


9. The assessment of the risks of material misstatement may be expressed in


10. Which of the following is correct :


11. As explained in SA 200, “Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing”, _________is obtained when the auditor has obtained sufficient appropriate audit evidence to reduce audit risk (i.e., the risk that the auditor expresses an inappropriate opinion when the financial statements are materially misstated) to an acceptably low level.


12. The assessment of risks is a


13. If the auditor is unable to agree to a change of the terms of the audit engagement and is not permitted by management to continue the original audit engagement, the auditor shall:


14. The susceptibility of an assertion about a class of transaction, account balance or disclosure to a misstatement that could be material, either individually or when aggregated with other misstatements, before consideration of any related controls is-


15. SA 320 on “Materiality in Planning and Performing an Audit” requires that an auditor


16. Audit evidence includes


17. Auditor’s judgment as to sufficiency may be affected by the factors such as:


18. A request from the client for the auditor to change the engagement may result from-
1. a change in circumstances affecting the need for the service,
2. a misunderstanding as to the nature of an audit or related service originally requested
3. a restriction on the scope of the engagement, whether imposed by management or caused by circum stances.


19. Risk of material misstatement may be defined as the risk


20. Audit procedures to obtain audit evidence can include


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16 Replies to “CA Intermediate Auditing & Assurance MCQ

  1. Do you provide guidance for other courses like Investment banking? As i am intersted in.. but not got proper guidance yet!!

  2. Questions are good but some answers are wrong in SM OLD MCQ s . please correct them.I need hard copy of MCQ S IPCC OLD syllabus Group 2 for May 2019 exams please reply me to my inbox whether available or I need to buy only PDF in online 2MB file

    1. Please email us that question on [email protected] which you thing is incorrect. Some questions has been provided by ICAI but that is not too much for CA Exam. If you need more questions then you can refer our MCQ notes.

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