Solve Mock Test Questions for CA Inter Auditing Paper 

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Q1. Which of following is not an element of audit report in accordance with SA 700?

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(a) Title (b) Addressee (c) Audit strategy (d) Auditor’s opinion

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Q2. What was the initial procedure carried on by CA Rajan Mehta?

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(a) Trend Analysis (b) Ratio Analysis (c) Statistical Modelling (d) Random Sampling

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Q3. Who has the right to retain the audit working papers of the Company in current case?

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(a) Audit Committee (b) Board of Directors (c) Auditor (d) Chairman of the Audit Committee

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Q4.Which of the following management assertions is not satisfied with respect to Cars included in the PPE items by the company :

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(a) Existence (b) Valuation (c) Completeness (d) Rights and Obligations

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Q5. The impact of the exercise carried on by the Company for unbilled challans will have an impact on

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(a) Gross Receipts and Debtors (b) Gross Receipts and Inventory (c) Debtors (d) Inventory

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Q6.The auditor does not want to suffer from probable adverse publicity or loss of professional goodwill. Such a situation is indicative of ?

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(a) audit risk (b) auditor’s business risk (c) auditor’s detection risk (d) non-sampling risk

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Q7. The term “Drawing Power” is associated with which of the following facilities as sanctioned by any Bank:

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(a) Letter of Credit (b) Term Loan (c) Staff Advances (d) Cash Credit Limit

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Answer key 1. Ans. C 2. Ans. B 3. Ans. C 4. Ans. D 5. Ans. A 6. Ans. B 7. Ans. D

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