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

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

Solving past MTPs, RTPs, and suggested answers from previous examination windows is essential to mastering time management under the time limit applicable to your exam paper. Review step-by-step working notes, legal case precedents, and accounting disclosures with instant 24/7 AI tutor assistance via CApex.

Question directory and available solutions

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

1. CA Isha has been appointed as statutory auditor for the financial year 2024-25 by Air Ltd., which is on the verge of becoming sick unit and has…
2. Sambhav & Associates, a firm of Chartered Accountants, has been appointed as the statutory auditor of a large manufacturing company XYZ Ltd. Mr.…
3. EAT Ltd., a company engaged in the manufacturing of packaged food products, launched an advertising campaign to expand its market share. The…
4. RK & Associates, a Chartered Accountant firm, has been appointed, for the 7th consecutive year, as the statutory auditor of Perfact Industries Ltd.,…
5. Rajesh & Co. has been appointed as the central statutory auditor of Good Worth Bank Ltd., a private sector bank registered with RBI, for F.Y.…
6. Victor & Co; a reputed Chartered Accountants firm is appointed as a Statutory auditor of Copper Man Creations Limited. The Company is into…
7. CA Ananya has been appointed as the statutory auditor of RST TechBuild Ltd. for the financial year 2024–25. The company operates in two business…
8. While conducting audit of QWE Limited, a listed company, for the year 2024-25, CA. Deepa the engagement partner, observed that the company had…
9. Loyal & Co., a Chartered Accountant firm, has recently experienced significant growth and started auditing several large corporate entities. During…
10. SKY Hospital is a very renowned hospital for Orthopedic Surgeries in Pune having sophisticated infrastructure. SKY Hospital has recently implemented…
11. CA Ritu has been appointed as the statutory auditor of the consolidated financial statements of Orion Limited for the financial year 2024–25. The…
12. An online retail company operates through a website where thousands of customers place orders daily. One day, hackers carried out a cyber-attack and…
13. During the audit of the financial statements of KIN Ltd. for the year ended 31st March 2025, the auditor observed that the company has suffered…
14. Mr. Amit is a practising chartered accountant based out of Pune. During the weekends, he was involved as a paper-setter for Accountancy subject in…
15. Omega Technologies Ltd., a multinational company operating in Chennai, has recently adopted integrated reporting to communicate its value creation…
16. Mr. Rohan, a practicing Chartered Accountant in Rohan Arjun & Associates is an Associate member of the Institute of Chartered Accountants of India…
17. During the course of an audit of a state government department, the Office of the Comptroller & Auditor General of India (CAG) observed that the…
18. Evan & Co, a firm of Chartered Accountants, conducting the audit of a listed company PARI Ltd. for the year ended 31-03-2025 are concerned with the…
19. Pandey & Co., Chartered Accountants, have been appointed as the Statutory Auditors of Suchi Ltd. for the financial year 2024–25. The audit work has…
20. During the audit of Rishabh Ltd., a company engaged in manufacturing home appliances, the auditor noted several significant developments in the…
21. Mr. Venkat who passed his CA examination of ICAI on 18th July, 2025 and started his practice from August 15, 2025. On 16th August 2025, one female…
22. SAE 3400 explains that prospective financial information can take the form of a forecast, a projection or a combination of both. In this context,…
23. M/s LMN & Co., Chartered Accountants, has been appointed as the statutory auditors of Integrity Bank Ltd. for the financial year 2024–25. While…
24. Mr. Arpit, a newly qualified Chartered Accountant, started his practice and sought clients through telephone calls from his family and friends,…
25. Grow Ltd. has prepared and presented summary financial statements for the financial year ended 31st March 2025 for circulation among stakeholders.…
26. GIVE Ltd., an unlisted company in Indore, is engaged in the business of spices. Total paid up capital of the company is 9.5 Crore. Details of annual…
27. PO & Associates, a firm of Chartered Accountants, having CA. P and CA. O as partners, is based at Chennai. PO & Associates are appointed to conduct…
28. TYU & Associates LLP, is a firm of Chartered Accountants, consisting of 12 partners has been allotted Central statutory audit of Money Bank Limited,…
29. M/s PT & Co., a firm of Chartered Accountants, engages Mr. Rahul, who is not a Chartered Accountant, to assist in administrative coordination,…
30. During the due diligence review of Alex Ltd for the financial year ended 31st March 2025, the reviewer Mr. Vardhman assessed the business…
31. Credit Corporation Ltd., an NBFC, has established email-based approval processes for urgent fund transfers. During the course of audit, it was…
32. You are appointed as Statutory Auditor of High Ltd. and are in the midst of conducting Audit for the financial year ending on 31st March, 2025.…
33. Flower Ltd. is a company engaged in the manufacturing of iron doors. ANI & Associates are the statutory auditors of Flower Ltd. for the Financial…
34. M/s Sam Karan & Associates has been appointed as an auditor of Heaven Ltd. for the financial year 2024-25. CA Sam, one of the partners of M/s Sam…
35. MNO Ltd., at its annual general meeting, appointed Mr. M, Mr. N, and Mr. O as joint auditors to conduct the audit for the financial year 2024-25.…
36. Mr. Kunal has been appointed as the statutory auditor of a listed company Kuber Ltd. As per the terms of acceptance of audit, the whole audit fee…
37. Mr. Monu is a consultant tasked with helping a mid-sized manufacturing company modernize its operations by integrating Internet of Things (IoT)…
38. During the audit of the financial statements of Good Limited for the year ended March 31, 2025, CA Aryan, the statutory auditor, requested external…
39. INB Bank Ltd. is suffering from huge number of NPAs. During the month of April 2025, the management of the bank decided to sell some of its NPAs.…
40. CA Priti is appointed as the statutory auditor of Moon Ltd. for the financial year 2024-25 to audit the complete set of financial statements. The…
41. You have recently joined a listed company after qualifying CA final exams through campus placement programme conducted by ICAI. The company you have…
42. CA. Suman, the auditor of KEY Pvt. Ltd. has delegated following works to his articles and staff: i. Raising of bills and issuing acknowledgements…
43. Home Pvt. Ltd., a company involved in turnkey infrastructure projects, is in discussions for a strategic joint venture with a foreign company. As…
44. CA Mohan was appointed as a Statutory Auditor of HTM Limited, a listed company, which has three subsidiaries namely Η Ltd., T Ltd., M Ltd. and also…
45. While assessing the impact of uncorrected misstatements in the audit of Global Private Limited, Mr. Shivam encountered a significant issue related…
46. CA Kapil is the auditor of INFRA Limited having a turnover of more than 250 crores. The audit fee for the year is fixed at 85 Lakhs. During the…
47. CA Hanuman is carrying out an audit of restated financial statements of AOPM Limited for past 3 financial years i.e. 2024-25, 2023-24 and 2022-23…
48. While conducting the statutory audit of Super Ltd. for the financial year 2024-25, the auditor, CA Chintan, identified several weaknesses in the…
49. Mr. Shubham, a Chartered Accountant was the auditor of 'Work Limited' for the year 2023-24 and 2024-25. During the financial year, the investment…
50. CA. Vijay is performing a forensic accounting engagement involving gathering of evidence in relation to suspected fraud of substantial amount in a…