CA Final Advanced Auditing, Assurance and Professional Ethics PYQ May 2025: 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

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

1. M/s DG & Co. is a firm of Chartered Accountants, consisting of two partners, CA D and CA G. The firm operates its main office in Delhi and has…
2. Secure Bank Ltd., a mid-sized financial institution, prides itself on offering secure digital banking services to its customers. Recently, the bank…
3. M/s FILE & Co. is a firm of Chartered Accountants consisting of 12 partners based at Mumbai. The audit firm is engaged in the audit of DEAF Ltd. for…
4. M/s TAG & Associates, a Chartered Accountant firm was appointed by Comptroller and Auditor General to conduct performance audit of Wind power Ltd.,…
5. M/s GDP Associates, a renowned firm of Chartered Accountants consisting of 15 partners was appointed as statutory auditors for the Financial Year…
6. PQR Motors Ltd., a listed entity engaged in the manufacture, and sale of automobiles and related parts has prepared its annual financial statements…
7. (b) Alpha Manufacturing Ltd. (AML) is engaged in the production of speciality machinery for the automotive industry. The company operates in a…
8. (c) Smart Technology Ltd. plans to issue a prospectus to raise capital through a public offering. Smart Technology Ltd. acquired Cloud Computing…
9. XYZ and Associates, Chartered Accountants, is an audit firm, giving services to the various types of clients in the field of auditing, taxation and…
10. (b) CA A has been appointed as an auditor of Datacom Ltd. to conduct statutory audit. The company has various derivative contracts - options,…
11. (c) Metaverse is the emerging 3-D digital space that uses virtual reality, augmented reality, and other advanced internet technology to allow people…
12. (a) Brown Enterprises Limited, an unlisted public company, has granted loans to two of its subsidiaries, stood as a guarantor for loans taken by a…
13. (b) M/s JAZZ & Co. is a partnership firm consisting of two partners CA J and CA Z. CA J is exclusively associated with the firm and is not doing…
14. (a) Instant Finance Ltd. is a Non-Banking Financial Company (NBFC-BL) primarily engaged in providing loans to small businesses and individuals. As…
15. (b) CA A, the proprietor of A & Collegues, Chartered Accountants, is developing his practice and recently secured a major audit assignment for B…
16. (c) Glow management Ltd., a workspace operator, seeks to secure funding from investors. The funds will be used for repayment of debt and cost of…
17. (a) Footwear Ltd., a manufacturing company has recently appointed you as its Internal Auditor to review its financial and operational controls. You…
18. (b) GAS limited, is in the business of renewable energy, including fuel cell, electrolyzer, battery energy storage system wishes to contribute to…
19. (c) M/s GSTR & Associates, Chartered Accountants, is an audit firm consisting of three partners. The partnership firm was formed in the year 2019.…
20. (a) Key Ventures Limited is availing the services of Chipmetric Limited for processing of its accounting data including payroll operations. Payroll…
21. (b) During the statutory audit of ELITE Bank Ltd., a leading private sector bank, for the financial year 2024-25, the following issue emerged to…
22. (c) Ring Limited is a subsidiary of Pearl Limited. For the financial year 2024-25 M/s Vani & Co., Chartered Accountants were appointed as the…
23. OR (c) KLIM Ltd., a construction company, engaged in constructing and selling residential or commercial properties, having suspected potential fraud…
24. Uranus Pvt. Ltd., a partially-owned subsidiary of Saturn Ltd., a manufacturing company, has been operating as an unlisted company in India. The…