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

How to Prepare for CA Intermediate Auditing and Ethics

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Question directory and available solutions

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

1. DS & Co., Chartered Accountants, are statutory auditors of SAR Industries Pvt Ltd, a company engaged in manufacturing business since 2018. The…
2. CA M. Raja has accepted offer of appointment of auditor of an entity. As business carried on by the entity is new to him, he wants to gain an…
3. CA Muskan is auditor of two concerns viz. Well Star Homes and Well Star Stores. The partners in both the firms are common. While auditing financial…
4. CA X is nearing completion of audit procedures during course of audit of a company. He has found nothing unusual till now. The company is earning…
5. CA Piyush is offered appointment as statutory auditor of branch of a bank. He has also taken housing loan of 75 lakhs from the same bank. Identify…
6. A Chartered Accountant finds during the course of statutory audit of a company that management is not serious about findings of internal audit…
7. You have been appointed as statutory auditor of a company for the first time. It has become very important for you to understand the company and its…
8. M Motors Ltd is a leading Indian automobile manufacturer with many offerings across commercial, passenger and electric vehicles. The Company is…
9. Standards on Auditing (SAs) apply in “audit of historical financial information" whereas Standards on Review Engagements (SREs) apply in "review of…
10. Preliminary engagement activities include certain activities to be performed by an auditor while planning an audit. Discuss such activities briefly.…
11. The assistant of CA K is assigned responsibility of drafting "audit programme" relating to purchases appearing in financial statements of "Broad…
12. Satranga Foods Private Limited is engaged in manufacturing of pickles. The auditors of the company have planned audit procedures in respect of…
13. IT related risks can have an impact on audit. In what different ways, such risks can have an impact on audit of financial statements?
14. CA Kanika audited books of accounts of Engineering Ltd. for the financial year 2022-2023. The auditor used an audit procedure according to which all…
15. CA J is conducting statutory audit of Gemini Ltd engaged in manufacturing of pharma products. The company is fairly large one and has a…
16. The newly appointed auditor of BTN Limited wants to obtain sufficient appropriate audit evidence about whether the opening balances contain…
17. SPR Ltd has been into the media business since 2001. During the F.Y 2022-2023, many notices were received by the company for hurting public…
18. Proceedings have been initiated against False Limited for holding benami property under law relating to prohibition of benami transactions and the…
19. Droma Shoes Private Limited was established in year 2022-23 for manufacturing of footwear. As funds were needed to carry on its business activities…
20. Following is extract of notes to accounts of financial statements of STU Private Limited listing some ratios. Discuss, whether disclosure, given in…
21. Rajni, a CA student, has understood that SA 230 requires auditor to prepare audit documentation on a timely basis. While reading about SQC 1, she…
22. Discussing meaning of completion memorandum, elaborate upon its importance.
23. CA K is statutory auditor of DEMA Private Limited for the year 2022-23. The company has three plants in India. He is nearing completion of audit…
24. Kundan, a CA student, is part of an engagement team conducting audit of an entity. The audit procedures are nearing completion. He notices that…
25. Mention some examples of circumstances where the auditor may consider it necessary to include an Emphasis of Matter paragraph.
26. CA. S, while conducting audit of an entity is facing the following issues: (i) He has not been provided with necessary support for attending…
27. Pilfering is one of the greatest problems in any hotel and the importance of internal control cannot be undermined. Explain.
28. From a lessee's perspective, highlight main differences between an operating lease and finance lease only in relation to accounting treatment and…
29. While conducting statutory audit of branch of a nationalized bank, it is noticed by CA Z that credit facilities granted to a borrower consisting…
30. While verifying provisions of advances of a branch of MCO Bank as part of statutory branch audit, CA Z notices that credit facilities consisting of…
31. CA X has been offered audit of financial statements of TDK Industries, a partnership firm. Prior to accepting proposed offer, he insists upon…
32. "SA 220 is premised on the basis that the firm is subject to SQC 1". What do you understand by given statement in context of audit quality?