CA Final Advanced Auditing, Assurance and Professional Ethics MTP November 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

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

1. Vistara Lifesciences Ltd., a listed company engaged in the research, manufacture and sale of specialised pharmaceutical products, has appointed M/s…
2. CA Hitesh, a practicing Chartered Accountant, intends to fill out the Multi-purpose Empanelment Form (MEF) to be included in the panel for the…
3. Campaign Textiles Ltd. is an unlisted textile exporter having operations across three states and exporting mainly to customers in Europe and the…
4. Vertex Consumer Holdings Ltd. is a listed financial services group with a wholly-owned NBFC subsidiary, Vertex Capital Pvt. Ltd. Devraj & Co.,…
5. General Multiple Choice Questions not associated with a specific case scenario.
6. Nest & Co., Chartered Accountants, while conducting an internal review of its system of quality control, identified certain deficiencies in its…
7. Suryodaya Industries Ltd., a listed company, is engaged in manufacturing and distribution of consumer products. During the audit of its financial…
8. M/s RST & Co. are the statutory auditors of LMN Ltd., a listed entity. The auditor's report on the financial statements for the year ended 31st…
9. M/s Aarav & Associates, a firm of Chartered Accountants, has three partners, CA Aarav, CA Bhavna and CA Chirag. During the year 2026-27, the…
10. Estage Logistics Ltd. has experienced a significant decline in freight volumes during the year. The company is also in breach of a debt covenant…
11. Moby Manufacturing Ltd. has substantially automated its accounting and production processes. During the audit of the financial year 2026–27, CA Neha…
12. M/s Grand Pharmaceuticals Ltd., a pharmaceutical manufacturing company, has appointed CA Rohan as its internal auditor. During his review of the…
13. During the year 2026-27, the management of following three NBFCs approached their statutory auditor for advice regarding their registration status…
14. Jam Ltd. is a company engaged in the manufacture of stainless steel items. The company operates through 5 business units and has 40 branches across…
15. Star Textiles Ltd. has adopted an ESG framework for its operations. The Company has recently appointed a new contractor for its manufacturing…
16. CA Sameer, a Chartered Accountant in practice, has been appointed the statutory auditor of XYZ Ltd. for the financial year 2025-26. While finalising…
17. Sky Infrastructure Pvt. Ltd. is bidding for a long-term government project involving construction of smart highways. As part of the bidding…
18. During the audit of Solstice Textiles Ltd., the auditor, while obtaining external confirmation of bank balances, received a confirmation directly…
19. Vega Insurance Brokers Ltd. is preparing its financial statements for the year ended 31st March 2026. The company has recognised a material…
20. CA Rudra, a Chartered Accountant in practice, was approached by Jin Ltd. to assist the company in improving its internal operations. The company…
21. CA Rig, a recently qualified practicing Chartered Accountant, got his first audit assignment of KaM (P) Ltd. for the financial year 2025-26. He…
22. Comet Logistics Ltd. outsources its entire payroll processing function to an external service organisation, ProPay Solutions, which maintains…
23. Mr. Chetan qualified as a Chartered Accountant on 18 July 2026 and commenced practice on 15 August 2026. On 16 August 2026, a candidate approached…
24. Aarav Agro Products Limited is a public company engaged in manufacturing edible oil and has been in this business for 22 years. Its financial…
25. Mr. Arjun was appointed as the engagement partner on behalf of Sapphire & Associates, a Chartered Accountant firm, to conduct the statutory audit of…
26. The Arogya Bank Ltd. was having 130 branches all over India by the year ending 31 st March, 2026. 10 branches of the bank were already covered for…
27. M/s GAME & Co., a firm of Chartered Accountants, recently launched its official website "Game-ca.com". The website featured bright neon colours,…
28. The following are standalone Multiple Choice Questions from Part I of the paper.
29. CA Yatin was the engagement partner for the statutory audit of ABC Ltd., a listed company, for the financial year 2025-26. CA Rohan was appointed as…
30. Examine, with reasons, the type of modified opinion, if any, to be expressed by the auditor in each of the following independent situations: (i)…
31. Summit Distributors Pvt. Ltd. is availing working capital facilities from a bank. The bank has specifically requested the company to obtain an…
32. M/s M & T, a firm of Chartered Accountants having three partners, has been actively involved in professional development and social welfare…
33. During the audit of Apex Plastics Ltd. for the year ended 31 March 2026, the audit team noticed unusual variations in the purchases recorded during…
34. ABC Ltd., a listed company, allows employees to access the company's systems through laptops and mobile devices. During the audit, the auditor…
35. RST Ltd. is a manufacturing company. While auditing its financial statements for FY 2025-26, the auditor notes that: (i) Management has recognised a…
36. SOP Ltd., a listed company, has three subsidiaries whose financial statements are consolidated for the year ended 31 March 2026. The subsidiaries…
37. PQR Ltd., a company maintaining its books of account through an ERP-based accounting system is required to comply with the provisions relating to…
38. Raja & Co., Chartered Accountants, are the statutory auditors of Rani Ltd., a listed company, for the year ended 31 March 2026. The annual report of…
39. PN and Associates are appointed as the Statutory Auditors of The Iron Company Ltd. The Central Government holds 65% of the paid-up share capital in…
40. GreenEarth Ltd., a listed company, is among the entities required to provide sustainability-related disclosures. During the year, the company faced…
41. Narayan & Co. is the statutory auditor of Joy Ltd., a company engaged in the tours and travel business. During the audit of the financial statements…
42. CA Puneet, engagement partner for the audit of a listed company, decided to use the work of the company's internal audit function for testing…
43. CA Ajeet, a Chartered Accountant in practice, was appointed as the statutory auditor of Climax Manufacturing Limited. After accepting the…
44. CA Arjun, CA Bharat and CA Chirag have been appointed as joint auditors of BCA Ltd., a company having manufacturing units at three different…
45. While assessing the impact of uncorrected misstatements in the audit of Super Builders Private Limited, Mr. Mahavir encountered a significant issue…
46. Dheer & Co., a sole proprietary Chartered Accountancy firm, has its office in a busy commercial area of the city. Since a substantial number of its…