MCQ for CA Intermediate Audit - Chapter 2 - AUDIT STRATEGY, AUDIT PLANNING AND PROGRAMMING

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 6 - Auditing and Assurance - Chapter 2: AUDIT STRATEGY, AUDIT PLANNING AND PROGRAMMING - For Practice relevant for May/November 23 Examinations

Q:1 The auditor should plan his work so as to enable him to conduct –

  1. An effective audit
  2. Efficient conduct of audit
  3. Both (a) and (b)
  4. None of these

Answer: 3

Q:2 The auditor shall develop an audit plan which includes –

  1. NTE of planned risk assessment procedures
  2. NTE of planned further audit procedures
  3. Other planned procedures as per SAs
  4. All of these

Answer: 4

Q:3Statement (1): Audit techniques and audit procedures are one and the same thing.
Statement (2): Audit techniques refer to certain means and methods for collecting evidences.

  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: 2

Q:4 In continuous audit -

  1. Audit staff may overlook a matter not completely examined in last visit
  2. The records may be altered
  3. Client feels the regular presence of audit staff interrupting his work
  4. All of these

Answer: 4

Q: 5 Comment on whether following are True or False.
(I) Final audit reduces the chance of manipulation in accounts.

  1. True
  2. False

Answer: 1

Q:6 Final audit is suitable for-

  1. Small clients
  2. Big clients
  3. Both big clients and small clients
  4. It is not suitable at all

Answer: 1

Q:7 Statement (1): Auditor as well as audit staff should not discuss the clients' information with outsiders.
Statement (2): After examination, all vouchers must be stamped.
Statement (3): Audit team manager need not review and supervise the work done.

  1. Statements (1) and (2) are true
  2. Statements (1) and (3) are true
  3. Statements (2) and (3) are true
  4. All the statements true

Answer: 1

Q:8 The advantages of audit programme are -

  1. Shelter for some assistants
  2. Its mechanical approach
  3. No ignorance or overlooking
  4. All of these

Answer: 3

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