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

How to Prepare for CA Intermediate Auditing and Ethics

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Question directory and available solutions

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

1. GHB Ltd., a listed company, having its registered office at New Delhi, is in the business of blending, processing, packing and selling various…
2. M/s KRISH & Company is a firm of Chartered Accountants based in Punjab, CA K, CA R, CA I, and CA SH are the partners of the firm. The firm is…
3. Mega Power Ltd. is a manufacturer of solar lanterns, which are used in remote villages where there is no reliable supply of electricity. However,…
4. M/s DEF & Associates have been appointed as the statutory auditor of JKL Ltd. for the first time for the financial year 2024-25. The engagement…
5. RDB & Co. have been appointed as statutory auditors of INA Group of Hotels. This is the first time the firm is auditing an industry in food &…
6. The Board of Directors of a company wanted the auditor to certify Export sales during the year for submitting to the authorities. The auditor also…
7. CA Rashmi is the auditor of ABC Ltd. for the financial year ending 31/03/2024. The audit report for the year was signed by her on 19/04/2024. On…
8. Auditors cannot normally examine all the information available to them as it would be impracticable to do so and using audit sampling will produce…
9. PD & Co., Chartered Accountants, were appointed as the statutory auditors of MR Limited for the financial year 2023-24. MR Limited included the…
10. M/s. PQ Limited has a turnover of 807 crores during the financial year 2023-24. It has outstanding dues towards Goods and Services Tax (GST) of 10…
11. CA B, was the auditor of Star Limited. He wanted to ensure that the company had correctly reconciled its bank accounts and also wanted to understand…
12. Alfa Limited has availed bank overdraft facility from a nationalized bank. The company received balance confirmation certificate for bank overdraft…
13. Schedule III of the Companies Act, 2013 prescribes disclosure of certain ratios as a part of Additional Regulatory Information. Mention any 3 ratios…
14. The engagement partner, of a firm of auditors, is explaining to his audit team, undergoing practical training, the inter relationship between audit…
15. CA Amit is the auditor of LMN Ltd. While conducting the audit, he wanted to analyze the different components of internal control of the company.…
16. M/s. PK & Company, Chartered Accountants, are the statutory auditors of JC Limited. CA Tarun, partner of M/s. PK & Company, was entrusted to…
17. K Ltd. is availing cash credit limit of 25 crores from LMN Bank Ltd. The drawing power of the company range between 22 crores and 25 crores during…
18. You are the statutory auditor of NP Ltd. Looking at the huge size of similar transactions, you directed your team members to use statistical…
19. EFG Ltd. has appointed M/s. MN & Co., Chartered Accountants, as the statutory auditors for the year 2024-25. CA N, the engagement partner, completed…
20. JB Limited has invested huge sums of money on establishment of new Property, Plant and Equipment during the year under audit. They have incurred an…
21. CA Ayush has recently qualified and has joined a CA Firm. On going through various audit reports, he observed that different phrases were used to…
22. You have been appointed as an auditor of Co-operative society. During the course of audit, you have noticed some serious irregularities in the…
23. M/s. PP & Co, a firm of Chartered Accountants, has been auditing the books of accounts of KALI Ltd. for the past 3 years. The company has recently…
24. The management of D. Ltd. have engaged an actuary-expert to ascertain actuarial valuation of gratuity for provision to be made in the accounts. As…
25. Z and Associates are the auditors of Realton Ltd., an export oriented unit, which specializes in manufacturing oil extraction plants. Since many…
26. Mr. J is an articled clerk with a big Chartered Accountants' firm. He is a part of the engagement team which is conducting the audit of a company…
27. You are the auditor of Plus Bank Limited. The bank has made following provisions for the year ended on 31.03.2024: Particulars Amount (₹ in crores)…
28. CA P is a professional accountant in service. In terms of employment and professional relationships with employer he has to be alert to the…
29. During the audit of accounts for the year ended 31.03.2024, the auditor of FD Limited wanted confirmation from a Trade Receivable, which was…
30. P Financial Services Ltd. (PFSL) is a leasing & hire purchase company. You, as an auditor of PFSL, are in the process of examining finance lease…