Solve these Mock Test Questions for CA Intermediate Auditing Paper 

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Q1. CA Rajan Mehta asked about other Companies, he was intending to perform which audit procedure?

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Select Your Answer: 

(a) Analytical Procedures (b) Substantive Procedures (c) Random Sampling (d) Statistical Sampling

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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. When CA Rajan Mehta decided to go in detail checking of Sales, which Audit Procedure he applied to obtain the evidence?

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(a) Test of Transactions (b) Test of Balances (c) Both (a) and (b) (d) Analytical Procedures

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

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

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Q6. What is the kind of fraud that the auditor has faced in the above case? 

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(a) Teeming and Lading (b) Cash skimming (c) Defalcation of cash by inflating cash payment (d) Misappropriation of receivables

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

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