Quality Control and Engagement Standards
MCQ Tests for CA Final in Advanced Auditing
Quality Control and Engagement Standards- Test 1
Quiz-summary
0 of 115 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- 51
- 52
- 53
- 54
- 55
- 56
- 57
- 58
- 59
- 60
- 61
- 62
- 63
- 64
- 65
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75
- 76
- 77
- 78
- 79
- 80
- 81
- 82
- 83
- 84
- 85
- 86
- 87
- 88
- 89
- 90
- 91
- 92
- 93
- 94
- 95
- 96
- 97
- 98
- 99
- 100
- 101
- 102
- 103
- 104
- 105
- 106
- 107
- 108
- 109
- 110
- 111
- 112
- 113
- 114
- 115
Information
Subject :- Advanced Auditing & Professional Ethics
Chapter :- Quality Control and Engagement Standards – Test 1
Questions :- 30
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 115 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score |
|
Your score |
|
Categories
- Advanced Auditing & Professional Ethics 0%
- Fundamentals of Accounting & Auditing 0%
-
Thanks for participating in online mock test
Regards
Mock test Team
Give feedback for more requirement for Mock test
At
ekvijteam@gmail.com
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- 51
- 52
- 53
- 54
- 55
- 56
- 57
- 58
- 59
- 60
- 61
- 62
- 63
- 64
- 65
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75
- 76
- 77
- 78
- 79
- 80
- 81
- 82
- 83
- 84
- 85
- 86
- 87
- 88
- 89
- 90
- 91
- 92
- 93
- 94
- 95
- 96
- 97
- 98
- 99
- 100
- 101
- 102
- 103
- 104
- 105
- 106
- 107
- 108
- 109
- 110
- 111
- 112
- 113
- 114
- 115
- Answered
- Review
-
Question 1 of 115
1. Question
1 pointsCategory: Advanced Auditing & Professional EthicsA statement as to auditor’s believing that the audit evidence, we have obtained is sufficient and appropriate to provide a basis for their opinion is mentioned in which section of the auditor’s report?
Correct
Incorrect
-
Question 2 of 115
2. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per Standards on Auditing, the auditor shall date the report no earlier than the date:
Correct
Incorrect
-
Question 3 of 115
3. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIn an auditor’s report on financial statements an unmodified opinion is issued when the auditor is satisfied in all material respects that:
Correct
Incorrect
-
Question 4 of 115
4. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following topics are not covered in the ‘Auditor Responsibilities’ paragraphs?
Correct
Incorrect
-
Question 5 of 115
5. Question
1 pointsCategory: Advanced Auditing & Professional EthicsBased on SA 700, there are at least two circumstances where the auditor may not be able to express an unmodified opinion:
Correct
Incorrect
-
Question 6 of 115
6. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is not a section of the SA 700 auditor’s unmodified (unqualified) opinion?
Correct
Incorrect
-
Question 7 of 115
7. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIn audit report, a description that audit was performed in accordance with Standards on Auditing is given in which section?
Correct
Incorrect
-
Question 8 of 115
8. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SA 700 “Forming an Opinion and Reporting on Financial Statements”, the description of the auditor’s responsibilities for the audit of the financial statements shall be included:
Correct
Incorrect
-
Question 9 of 115
9. Question
1 pointsCategory: Advanced Auditing & Professional EthicsCommunicating key audit matters in the auditor’s report is
Correct
Incorrect
-
Question 10 of 115
10. Question
1 pointsCategory: Advanced Auditing & Professional EthicsKey Audit Matters are to be communicated in Auditor’s Report
Correct
Incorrect
-
Question 11 of 115
11. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen auditor is unable to obtain sufficient and appropriate audit evidence that financial statement on which to base the opinion and the auditor concludes that possible effects of the financial statement can be both Material and Pervasive. Then the Key Matters to be included in the Auditor’s Report should
Correct
Incorrect
-
Question 12 of 115
12. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SA 701 “Communicating Key Audit Matters in the Independent Auditor’s Report”, the auditor shall describe each key audit matter in the auditor’s report. However, in some situations, such matters need not be communicated. Identify the situation:
Correct
Incorrect
-
Question 13 of 115
13. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is not a type of audit opinion?
Correct
Incorrect
-
Question 14 of 115
14. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhat type of opinion is issued when the auditor, having obtained sufficient appropriate audit evidence, concludes that misstatements, individually or in the aggregate, are both material and pervasive to the financial statements?
Correct
Incorrect
-
Question 15 of 115
15. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen an auditor expresses an adverse opinion, the opinion paragraph should include
Correct
Incorrect
-
Question 16 of 115
16. Question
1 pointsCategory: Advanced Auditing & Professional EthicsReview of historical financial statements is a:
Correct
Incorrect
-
Question 17 of 115
17. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe auditor shall disclaim an opinion when the following conditions occur except:
Correct
Incorrect
-
Question 18 of 115
18. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen the auditor modifies the opinion on the financial statements, the auditor shall include a paragraph in the auditor’s report. All of the following are true of this paragraph except:
Correct
Incorrect
-
Question 19 of 115
19. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAn auditor concludes that a client’s illegal act, which has a materiel effect on the financial statements, has not been properly accounted for or disclosed. Depending on the materiality of the effect on the financial statements, the auditor should express either
Correct
Incorrect
-
Question 20 of 115
20. Question
1 pointsCategory: Advanced Auditing & Professional EthicsOrdinarily, an auditor may include an emphasis of a matter paragraph:
Correct
Incorrect
-
Question 21 of 115
21. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is not an example of uncertainties that might be emphasis in an emphasis of a matter paragraph?
Correct
Incorrect
-
Question 22 of 115
22. Question
1 pointsCategory: Advanced Auditing & Professional EthicsComparative information where amounts and other disclosures for the prior period are included as an integral part of the current period financial statements, and are intended to be read only in relation to the amounts and other disclosures relating to the current period is known as:
Correct
Incorrect
-
Question 23 of 115
23. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the prior period financial statements were not audited, the auditor shall state in__________in the auditor’s report that the corresponding figures are unaudited.
Correct
Incorrect
-
Question 24 of 115
24. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the financial statements of the prior period were audited by a predecessor auditor and the auditor is permitted by law or regulation to refer to the predecessor auditor’s report on the corresponding figures and decides to do so, the auditor shall state in an Other matter paragraph in the auditor’s report:
Correct
Incorrect
-
Question 25 of 115
25. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SA 720, which of the following is not considered ‘other information’ on which the auditor may have no obligation to report but which he must check for material inconsistencies?
Correct
Incorrect
-
Question 26 of 115
26. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per the requirements of SA 720, if the auditor concludes that a material misstatement of the other information exists, the auditor shall request management to correct the other information.
Correct
Incorrect
-
Question 27 of 115
27. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the auditor is required by a relevant law or regulation to refer to the other information in the auditor’s report using a specific layout or wording, the auditor’s report shall refer to Standards on Auditing only if the auditor’s reporting includes, at a minimum:
Correct
Incorrect
-
Question 28 of 115
28. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich SA deals with special considerations in the application of SAs covered in Series 100-700, to an audit of financial statements prepared in accordance with special purpose framework.
Correct
Incorrect
-
Question 29 of 115
29. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSA 800 is written in the context of
Correct
Incorrect
-
Question 30 of 115
30. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is incorrect?
Correct
Incorrect
-
Question 31 of 115
31. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen forming an opinion and reporting on special purpose financial statements, the auditor shall apply
Correct
Incorrect
-
Question 32 of 115
32. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe auditor’s report on special purpose financial statements shall include an___________alerting users of the auditor’s report that the financial statements are prepared in accordance with a special purpose framework and that, as a result, the financial statements may not be suitable for another purpose.
Correct
Incorrect
-
Question 33 of 115
33. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSA 210 requires the auditor to determine the acceptability of the financial reporting framework applied in the preparation of the financial statements. In an audit of special purpose financial statements, the auditor shall obtain an understanding of:
Correct
Incorrect
-
Question 34 of 115
34. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich SA deals with special considerations in the application of SAs covered in Series 100-700, to an audit of a single financial statement or of a specific element, account or item of a financial statement.
Correct
Incorrect
-
Question 35 of 115
35. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen forming an opinion and reporting on a single financial statement or on a specific element of a financial statement, the auditor shall apply
Correct
Incorrect
-
Question 36 of 115
36. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the auditor undertakes an engagement to report on a single financial statement or on a specific element of a financial statement in conjunction with an engagement to audit the entity’s complete set of financial statements, the auditor
Correct
Incorrect
-
Question 37 of 115
37. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the auditor concludes that it is necessary to express an adverse opinion or disclaim an opinion on the entity’s complete set of financial statements as a whole but, in the context of a separate audit of a specific element that is included in those financial statements, the auditor
Correct
Incorrect
-
Question 38 of 115
38. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the auditor has expressed an adverse opinion or disclaimed an opinion on the complete set of financial statements as a whole, the auditor
Correct
Incorrect
-
Question 39 of 115
39. Question
1 pointsCategory: Advanced Auditing & Professional EthicsFor audit of a schedule of externally managed assets and income of a private pension plan, including related notes, the requirements of which SA will apply:
Correct
Incorrect
-
Question 40 of 115
40. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich SA deals with the auditor’s responsibilities when undertaking an engagement to report on summary financial statements derived from financial statements audited in accordance with SAs by that same auditor.
Correct
Incorrect
-
Question 41 of 115
41. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen the auditor’s report on the audited financial statements contains an adverse opinion or a disclaimer of opinion, the auditor’s report on the summary financial statements shall,
Correct
Incorrect
-
Question 42 of 115
42. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the summary financial statements are mot consistent, in all material respects, with or not a fair summary of he audited financial statements, in accordance with the applied criteria, and management does not agree to make the necessary changes, the auditor shall express
Correct
Incorrect
-
Question 43 of 115
43. Question
1 pointsCategory: Advanced Auditing & Professional EthicsRisks of material misstatement at the overall financial statement level refer to risks of material misstatement
Correct
Incorrect
-
Question 44 of 115
44. Question
1 pointsCategory: Advanced Auditing & Professional EthicsFor audit of a schedule of disbursements in relation to a lease property, including explanatory notes, the requirements of which SA will apply:
Correct
Incorrect
-
Question 45 of 115
45. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following reports does not qualify as special are engagement?
Correct
Incorrect
-
Question 46 of 115
46. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAn auditor may express an opinion on an entity’s accounts receivable balance even if the auditor has disclaimed an opinion on the financial statements taken as a whole provided the
Correct
Incorrect
-
Question 47 of 115
47. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe report on summarized financial statements should contain all of the following basic elements except:
Correct
Incorrect
-
Question 48 of 115
48. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSA 805 is written in the context of
Correct
Incorrect
-
Question 49 of 115
49. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSA 810 is written in the context of
Correct
Incorrect
-
Question 50 of 115
50. Question
1 pointsCategory: Advanced Auditing & Professional EthicsFor review of interim financial statements, SRS 2410 will be applied if the reviewer is:
Correct
Incorrect
-
Question 51 of 115
51. Question
1 pointsCategory: Advanced Auditing & Professional EthicsFor review of interim financial statements, SRS 2400 will be applied if the reviewer is:
Correct
Incorrect
-
Question 52 of 115
52. Question
1 pointsCategory: Advanced Auditing & Professional EthicsReview of Historical financial statements is a:
Correct
Incorrect
-
Question 53 of 115
53. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen an entity’s auditor undertakes an engagement to review historical financial information other than interim financial information of an audit Clint, which standard will apply?
Correct
Incorrect
-
Question 54 of 115
54. Question
1 pointsCategory: Advanced Auditing & Professional EthicsA review. in contrast to an audit, is not designed to obtain____________that the internal financial information is free from material misstatement.
Correct
Incorrect
-
Question 55 of 115
55. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following procedures is not part of a review engagement?
Correct
Incorrect
-
Question 56 of 115
56. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIn a review of financial statements, if the practitioner becomes aware of a matter that cause the practitioner to believe the financial statements may be materially misstated, the practitioner
Correct
Incorrect
-
Question 57 of 115
57. Question
1 pointsCategory: Advanced Auditing & Professional EthicsUnless required by law or regulation, the practitioner shall not accept a review engagement if
Correct
Incorrect
-
Question 58 of 115
58. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe purpose of SRE 2410 is to establish standards and provide guidance on the__________professional responsibilities when he undertakes an engagement to review interim financial information of an audit client, and on the form and content of the report.
Correct
Incorrect
-
Question 59 of 115
59. Question
1 pointsCategory: Advanced Auditing & Professional EthicsFinancial information that is prepared and presented in accordance with an applicable financial reporting framework and comprises either a complete or a condensed set of financial statements for a period that is shorter than the entity’s financial year, is known as:
Correct
Incorrect
-
Question 60 of 115
60. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIn order to plan and conduct a review of interim financial information, a recently appointed auditor, who has not yet performed an audit of the annual financial statements in accordance with SAs, should obtain an understanding of the entity and its environment, including its internal control, as it relates to the preparation of:
Correct
Incorrect
-
Question 61 of 115
61. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe auditor should inquire whether management has identified all events up to the date of the ________ that may require adjustment to or disclosure in the interim financial information.
Correct
Incorrect
-
Question 62 of 115
62. Question
1 pointsCategory: Advanced Auditing & Professional EthicsTo highlight a material uncertainty related to an event or condition that may cast significant doubt on the entity’s ability to continue as a going concern, which is adequately disclosed in the interim financial information, the auditor should add___________to the review report.
Correct
Incorrect
-
Question 63 of 115
63. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe auditor should express___________when a matter has came to the auditors’s attention that causes the auditor to believe that a material adjustment should be made to the interim financial information for it to be prepared, in all material respects, in accordance with the applicable financial reporting framework.
Correct
Incorrect
-
Question 64 of 115
64. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf a material uncertainty that casts significant doubt about the entity’s ability to continue as a going concern is not adequately disclosed in the interim financial information, the auditor should express:
Correct
Incorrect
-
Question 65 of 115
65. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf a material uncertainty that casts significant doubt about the entity’s ability to continue as a going concern is not adequately disclosed in the interim financial information, the auditor should express__________.
Correct
Incorrect
-
Question 66 of 115
66. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen a matter comes to the auditor’s attention that leads the auditor to question whether a materiel adjustment should be made for the interim financial information to be prepared, in all material respects, in accordance with the applicable financial reporting framework, the auditor should
Correct
Incorrect
-
Question 67 of 115
67. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe level of assurance obtained where engagement risk is reduced to a level that is acceptable in the circumstances of the engagement, but where that risk is greater than for a reasonable assurance engagement, as the basis for expressing a conclusion in accordance with this SRE 2400 is:
Correct
Incorrect
-
Question 68 of 115
68. Question
1 pointsCategory: Advanced Auditing & Professional EthicsUnder what circumstances will the auditor give a qualified opinion in a review engagement?
Correct
Incorrect
-
Question 69 of 115
69. Question
1 pointsCategory: Advanced Auditing & Professional EthicsUnder engagements to review financial statements standards the basic review conclusions an auditor may give on a review engagement include all the following except:
Correct
Incorrect
-
Question 70 of 115
70. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe report on a review of financial statements should contain all of the following basic elements except:
Correct
Incorrect
-
Question 71 of 115
71. Question
1 pointsCategory: Advanced Auditing & Professional EthicsTo highlight a material uncertainty relating to an event or condition that may cast significant doubt on the entity’s ability to continue as a going concern, which is adequately disclosed in the interim financial information, the auditor should add____________to the review report.
Correct
Incorrect
-
Question 72 of 115
72. Question
1 pointsCategory: Advanced Auditing & Professional EthicsStandards on Assurance Engagements are to be applies in:
Correct
Incorrect
-
Question 73 of 115
73. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following subject matters is not covered in Standard on Assurance Engagements (SAR)?
Correct
Incorrect
-
Question 74 of 115
74. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich Standard provide guidance on engagements to examine and report on prospective financial information?
Correct
Incorrect
-
Question 75 of 115
75. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhat is the type of assurance engagement that has its subject matter non-historical financial information?
Correct
Incorrect
-
Question 76 of 115
76. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SAE 3400, auditor should not accept, or should withdraw from, an engagement
Correct
Incorrect
-
Question 77 of 115
77. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SAE 3400, while examining the prospective financial information, the auditor should consider the period of time covered by the prospective financial information. Factors that are relevant to the auditor’s consideration of the period of time covered by the prospective financial information are:
Correct
Incorrect
-
Question 78 of 115
78. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen the auditor believes that the presentation and disclosure of the prospective financial information is not adequate, the auditor should
Correct
Incorrect
-
Question 79 of 115
79. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is not one of the basic elements required to be included in the assurance report according to Standards on Assurance Engagements?
Correct
Incorrect
-
Question 80 of 115
80. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SAE 3400, when reporting on the reasonableness of management’s assumptions, the auditor provides
Correct
Incorrect
-
Question 81 of 115
81. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAssurance engagements undertaken by a professional account in public practice to provide a report for use by user entities and their auditors on the controls at a service organisation that provides a service to user entities that is likely to be relevant to user entities’ internal control control as it related to financial reporting are dealt by:
Correct
Incorrect
-
Question 82 of 115
82. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is one of the basic elements required to be included in the assurance report according to SAE 3402:
Correct
Incorrect
-
Question 83 of 115
83. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is incorrect?
Correct
Incorrect
-
Question 84 of 115
84. Question
1 pointsCategory: Advanced Auditing & Professional EthicsA professional accountant in public practice who, at the request of the service organization, provides an assurance report on controls at a service organization, is designated as:
Correct
Incorrect
-
Question 85 of 115
85. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSAE 3402:
Correct
Incorrect
-
Question 86 of 115
86. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSAE 3420 deals with_______engagements undertaken by a practitioner to report on the responsible party’s compilation of pro forma financial information included in a prospectus.
Correct
Incorrect
-
Question 87 of 115
87. Question
1 pointsCategory: Advanced Auditing & Professional EthicsHow does the related services framework differ from the assurance framework?
Correct
Incorrect
-
Question 88 of 115
88. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe objective of an agreed-upon procedures engagement is for he auditor to carry out procedures of an ________ to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings.
Correct
Incorrect
-
Question 89 of 115
89. Question
1 pointsCategory: Advanced Auditing & Professional EthicsEthical principles governing the auditor’s professional responsibilities for engagement covered in SRS 4400 includes all except:
Correct
Incorrect
-
Question 90 of 115
90. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe auditor should conduct an agreed-upon procedure engagement in accordance with:
Correct
Incorrect
-
Question 91 of 115
91. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIn an agreed-upon procedures engagement what matters generally have to be agreed between auditor and management?
Correct
Incorrect
-
Question 92 of 115
92. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe objective of an account’s compilation of the financial statements of a company is what type os assurance?
Correct
Incorrect
-
Question 93 of 115
93. Question
1 pointsCategory: Advanced Auditing & Professional EthicsEngagements covered under SRS 4410 are:
Correct
Incorrect
-
Question 94 of 115
94. Question
1 pointsCategory: Advanced Auditing & Professional EthicsSRS 4410 applies to
Correct
Incorrect
-
Question 95 of 115
95. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following statements are not true about a compilation engagement?
Correct
Incorrect
-
Question 96 of 115
96. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is false?
Correct
Incorrect
-
Question 97 of 115
97. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAll of the following procedures constitute important governance information to be gathered from the client except:
Correct
Incorrect
-
Question 98 of 115
98. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following types of evidence would an auditor most likely examine to determine whether controls are operating as designed?
Correct
Incorrect
-
Question 99 of 115
99. Question
1 pointsCategory: Advanced Auditing & Professional EthicsA control deficiency that is more than a significant deficiency is most likely to result in what form of audit opinion relating to internal control?
Correct
Incorrect
-
Question 100 of 115
100. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following is not one of the major categories of auditor’s services?
Correct
Incorrect
-
Question 101 of 115
101. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the below mentioned standards deals with the related party disclosures in the financial statements and auditors’s responsibilities regarding related party relationships and transactions when performing an audit of financial statements.
Correct
Incorrect
-
Question 102 of 115
102. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following are not management assertions?
Correct
Incorrect
-
Question 103 of 115
103. Question
1 pointsCategory: Advanced Auditing & Professional EthicsFor audit of accounts receivable, allowance for doubtful accounts receivable, inventory, the requirements of which SA will apply:
Correct
Incorrect
-
Question 104 of 115
104. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAll of the following are audit procedures in the audit of inventory EXCEPT:
Correct
Incorrect
-
Question 105 of 115
105. Question
1 pointsCategory: Advanced Auditing & Professional EthicsObtaining audit evidence about the design and implementation of relevant control may involve all of the following except:
Correct
Incorrect
-
Question 106 of 115
106. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIf the practitioner becomes ware during the course of the engagement that the compiled financial information is misleading, the practitioner shall:
Correct
Incorrect
-
Question 107 of 115
107. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhich of the following services is a CA generally required to perform when conducting a personal financial planning engagement?
Correct
Incorrect
-
Question 108 of 115
108. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAccording to the standards of the profession, which of the following circumstances will prevent a CA performing audit engagements from being independent?
Correct
Incorrect
-
Question 109 of 115
109. Question
1 pointsCategory: Advanced Auditing & Professional EthicsA client maintains perpetual inventory records in both quantities and amount. If the assessed level of control risk is high, an auditor would probably
Correct
Incorrect
-
Question 110 of 115
110. Question
1 pointsCategory: Advanced Auditing & Professional EthicsWhen auditing inventories, an auditor would least likely verify that
Correct
Incorrect
-
Question 111 of 115
111. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAnalysis of which account is least likely to reveal evidence relating to recorded retirement of equipment?
Correct
Incorrect
-
Question 112 of 115
112. Question
1 pointsCategory: Advanced Auditing & Professional EthicsThe auditor is most likely to seek information from the plant manager with respect to the
Correct
Incorrect
-
Question 113 of 115
113. Question
1 pointsCategory: Advanced Auditing & Professional EthicsIn auditing intangible assets, an auditor most likely would review or recomputed amortization and determine whether the amortization period is reasonable in support of management’s financial statement assertion of
Correct
Incorrect
-
Question 114 of 115
114. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SEBI (LODR) Regulations, 2015, in case the listed entity opts to submit unaudited financial results, they shall be subjected to__________of the listed entity.
Correct
Incorrect
-
Question 115 of 115
115. Question
1 pointsCategory: Advanced Auditing & Professional EthicsAs per SEBI (LODR) Regulations, 2015, in case of public sector undertakings the the listed entity opts to submit unaudited financial results, they shall be subject to limited review by___________
Correct
Incorrect
Ekvij provides MCQ Tests For CA,CMA and CS examinations