MCQ for CA Intermediate Audit - Chapter 1 - INTRODUCTION TO AUDITING

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 6 - Auditing and Assurance Chapter 1: INTRODUCTION TO AUDITING - For Practice relevant for May/November 23 Examinations

Q:1 As per SA-200, financial statements shall be prepared as per-

  1. Accounting Standards
  2. Statute
  3. Applicable financial reporting framework
  4. Auditing Standards

Answer: 3

Q:2 The financial statements of a company shall give a true and fair view of the state of affairs of the company as per-

  1. Section 129
  2. Section 130
  3. Section 143
  4. Section 133

Answer: 1

Q:3 The objective of auditor is

  1. To express opinion on financial statements
  2. To detect fraud and error
  3. To communicate inefficiencies in internal control to the management
  4. All of these


Q:4 _______________ is NOT an auditor's responsibility.
i) Giving an opinion as to their truth and fairness.
ii) Selecting and applying accounting policies.
iii) Gathering evidence to support the opinion given.
iv) Planning and conducting the audit.

  1. ii & iii
  2. ii
  3. ii & iv
  4. iii & iv

Answer: 2

Q:5 Statement (1): Auditor should perform compliance procedures to determine nature, timing and extent of substantive procedures
Statement (2): Auditor should perform substantive procedures to determine the nature, timing and extent of compliance procedures

  1. Only Statement (1) is true
  2. Only Statement (2) is true
  3. Both the Statements are true
  4. None of the statements is true

Answer: 1

Q:6 SA-210 deals with the auditor's responsibilities -

  1. Regarding frauds in the financial statements
  2. Regarding law and regulations while auditing the financial statements
  3. Communicating the matters to those charged with governance
  4. Agreeing the terms of audit engagements

Answer: 4

Q:7 If law or regulation prescribes in sufficient detail the terms of audit engagement, the auditor ________ record them in a written agreement, except management's acknowledgement on the same.

  1. Need not
  2. Shall need to
  3. May need to
  4. All of these

Answer: 1

CA Intermediate AUDIT - MCQ for Chapter 2 -   

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