CA Final Advanced Auditing, Assurance and Professional Ethics MTP January 2026: Question Paper and Solutions

How to Prepare for CA Final Advanced Auditing, Assurance and Professional Ethics

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Question directory and available solutions

50 indexed questions. Open a question to read its full statement and available answer.

1. CA Ram and CA Krishna are close friends and are into practice as sole proprietors. Both decided to expand their focus on taking up more assignments…
2. CA Harsh was auditing the quarterly financial results prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure…
3. During the statutory audit of Surat branch of Worthy bank, the auditor observes that the Surat branch has created a single uniform provision of…
4. TechNova Solutions Ltd., a software development company and one of the Top 500 listed entities on the NSE, specialises in delivering customised…
5. Jupiter Industries Ltd., an established chemical manufacturer based in Vadodara, Gujarat, is listed on both the BSE and NSE. The company produces a…
6. Helix & Company, a well-established Chartered Accountants firm, has been appointed as the statutory auditor of Titan Metals Limited, a company…
7. Data Group Limited is availing the services of Zone Limited for processing of its accounting data including payroll operations. Payroll costs…
8. As auditor of Kite Limited, you have sent positive confirmation requests to 49 creditors of the company in March 2025. All the creditors in the…
9. You are appointed as the Statutory Auditor of DCD Pvt. Ltd. for financial year 2024-25 following the resignation of SM & Co. Chartered Accountants.…
10. CA Ajay is a senior partner of M/s DRF Associates. M/s DRF Associates is a reputed firm of Chartered Accountants which has been in practice for more…
11. PKT Limited holds 51% equity in AB Limited and 61% equity in XY Limited. There are various information and explanations which are disclosed by the…
12. CA Ratan, a member in practice, is invited to join the Board of Directors of Sathi Co-operative Bank Ltd. as an Independent Director. The Bank…
13. During the course of audit of Sky Ltd., CA K observed frequent changes in accounting estimates of receivables, delays in providing information…
14. Mr. Agam, the practitioner, has been approached by Bluesky Pvt. Ltd. for the financial year 2024-25. Before accepting the engagement, Mr. Agam wants…
15. KMS Ltd. has recently undergone a major digital transformation by integrating new technologies such as cloud-based accounting software, automated…
16. The Director (Discipline) of The Institute of Chartered Accountants of India had received the matters in respect of cases of alleged misconduct…
17. R & J Associates, Chartered Accountants, are the statutory auditors of Trikon Ltd., a listed manufacturing company. During the audit for F.Y.…
18. You have recently joined a listed company after qualifying CA final exams through campus placement programme conducted by ICAI. The company you have…
19. During the statutory audit of Royal Bank Ltd., a leading private sector bank, for the financial year 2024-25, the following issue emerged to…
20. Pari Ltd. is a company engaged in the manufacturing of iron doors. ARB & Associates are the statutory auditors of Pari Ltd. for the Financial Year…
21. Ground Private Limited requested CA Sukh, a practicing Chartered Accountant, to digitally sign the form related to resignation of Mr. Nishant, one…
22. ABC & Associates are the statutory auditors of Rise Ltd., a listed company, for the financial year 2024-25. CA Amit is the engagement partner for…
23. One of the independent directors sought information regarding the appointment of internal auditors for the following Group Companies in accordance…
24. CA Naman is conducting an audit of AIR Ltd. for the year 2024-25. The company is engaged in the export of handicraft items in Europe. The audit is…
25. Ms. Lata, a practicing Chartered Accountant, is desirous of filling Multi-purpose Empanelment form (MEF) for inclusion of her name in panel for…
26. CA Neha is auditing Rich Hotels Ltd., which processes vendor master modifications through email requests. Approvals are routed through an automated…
27. Swarna Metals Ltd., a top - 1000 listed entity, has recently undertaken a major expansion project involving construction of a new manufacturing…
28. Ruhi & Co., Chartered Accountants, mainly into statutory audit and tax audit, has received an order in writing from the Central Government, in…
29. CKS Limited is a listed nationalised bank whose face value per share is 100 each having its operation across India. CKS Limited appointed Mr. Mir,…
30. CA. Ashu is in midst of finalising audit reports of four clients. On reviewing each file, it is noticed as under: [A] With respect to a company…
31. AKZ & Associates is a firm of Chartered Accountants based in Kerla. CA A, CA K and CA Z are the partners of the firm. The firm is engaged in various…
32. ABC Motors Ltd., a listed entity engaged in the manufacture, and sale of automobiles and related parts has prepared its annual financial statements…
33. Alex & Associates is the statutory auditor of VC Ltd., a listed company and started its operations 6 years ago. The fieldwork for the audit of the…
34. GRF Private Limited has appointed Mohit & Associates as the statutory auditors for the financial year 2024–25. The company operates a chain of…
35. While conducting audit of PKT Limited, a listed company, for year 2024-25, CA. Sonal notices that company has extinguished following material…
36. You are the auditor of Om Manufacturing Ltd. for the financial year 2024-25. During the audit, you notice significant year-end withdrawals of cash…
37. GKL Ltd. has recently integrated several Internet of Things (IoT) enabled devices into its production and retail operations, including connected…
38. Tree Ltd. appointed GH & Associates and IJ & Co. as joint auditors for conducting the audit for the year ending on 31st March 2025. During the…
39. Shine Appliances Ltd. uses a customised ERP system for recording all financial transactions. The management is concerned about compliance with Rule…
40. CD & Associates are appointed as Statutory Auditors of the Iron Company Ltd. The Central Government holds 74% of the paid-up share capital in this…
41. Mr. Tony, the auditor of NDT Pvt. Ltd. has delegated following works to his articles and staff: Issue of audit queries during the course of…
42. ALP Chemicals and Paints Ltd., a manufacturing company listed on the stock exchange, has committed to improving its Environmental, Social and…
43. SAE 3400 explains that prospective financial information can take the form of a forecast, a projection, or a combination of both. In this context,…
44. CA Vir was appointed as the auditor of Rise Limited for the financial year 2024-25. During the course of planning for the audit, CA Vir intends to…
45. RJN & Co is the statutory auditor of Plan My Trip Ltd. The company is in the business of tours and travels. The annual turnover of the company is…
46. Mr. Nilesh, a Chartered Accountant was the auditor of 'Gum Limited' for the year 2023-24 and 2024-25. During the financial year, the investment…
47. YT Ltd had a net worth of INR 1450 crores because of which Ind AS became applicable to them. The company had various derivative contracts – options,…
48. STS Associates, Chartered Accountants, conducting the audit of RPT Ltd., a listed company for the year ended 31-03-2025 is concerned with the…
49. PARK Bank Ltd. is reviewing the Cash credit limit worth 3 crores of Manish Manufacturing Pvt. Ltd. During the quarterly review, the credit officer…
50. Mr. Rai who passed his CA examination of ICAI on 25th July, 2025 and started his practice from August 20, 2025. On 21st August 2025, one female…