CA Inter Auditing and Ethics PYQ May 2024: Question Paper and Solutions

How to Prepare for CA Intermediate Auditing and Ethics

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Question directory and available solutions

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

1. APR & Associates, a Chartered Accountant firm, are appointed as the auditors of Time Ltd. and Bakes Ltd. The volume and nature of business of both…
2. ABC & Co. are in the business of manufacturing toys. The stock taking process has been done by the company as on 31.3.2024. The company has used…
3. Mr. Z, at the time of appointment as an independent director in EF Ltd. a listed company, came to know that the Companies Act, 2013 has placed a…
4. CA B, an auditor, after the completion of busy audit season, was occupied in assembling of final audit files of one of his client. First of all, he…
5. CA Q is the engagement partner for the audit of a Departmental store. As a part of the risk assessment procedure, he wants to make inquiries of the…
6. CA Z, the auditor of MNO Ltd., during the course of audit, assesses a risk of material misstatements regarding the litigations and claims involving…
7. JK Ltd. was having a 'Pager' manufacturing plant and looking at the demand it was of the view that the company will grow continuously in future.…
8. B Ltd. is a company manufacturing bed-sheets and pillow covers. They have appointed M/s C & Co., Chartered Accountants, as their auditors. The…
9. CA E is auditor of LM Ltd. Before commencing with current year's audit, he initiated planning for the audit. Planning includes the need to consider…
10. The management of PQ Ltd. changed during the period under audit. Mr. G an auditor, at the time of receiving written representation on the management…
11. You are appointed as the auditor of a company manufacturing paints. The company has a robust system of internal control. Most of the controls in the…
12. M/s PSR & Associates are the auditors of The Saturn Hotel, a chain of five-star hotels. Since the nature of their business is prone to frauds, the…
13. M/s KLM & Co. Chartered Accountants, a partnership firm, while designing tests of controls and tests of details in MN Ltd. has to determine the…
14. Mr. L is a principal auditor of OP Ltd. There are several divisions of OP Ltd. that are audited by other auditors. State the procedures Mr. L should…
15. LD Ltd. has given below loans to the following borrowers during the financial year 2023-24. Mr. B an auditor wants your guidance regarding…
16. XY and Associates are auditors of PQR Ltd., which provides electrical components on project basis. The purchases are huge and the auditor wants to…
17. PQ & Co. want to diversify its business and for that purpose they want to raise money by issuing shares to the general public. The face value of the…
18. HR & Associates are the auditors of a large manufacturing company. The company has recently invested huge amount in Property, Plant and Equipment…
19. A professional accountant is expected to comply with the fundamental principles of professional ethics at all times. Explain which fundamental…
20. You have been appointed as the statutory auditor of a limited company. The company is registered as a Nidhi company. What are the reporting…
21. CA M is the engagement partner of the firm M/s Y2Z LLP and he is auditing the financial statements of a listed entity ABC Ltd. The audit firm has…
22. MNB bank advanced certain loans guaranteed by government. State the prudential norms for asset classification and income recognition of such loans.
23. Mr. D an auditor, while auditing ACE Ltd., identified certain misstatements in relation to particular class of transactions and account balances. He…