Which of the following is not a valid alternative audit procedure in case of non-response from a debtor or creditor?
Anonymous Quiz
15%
Examination of subsequent cash receipts or payments.
4%
Review of sales or purchase orders.
70%
Verification of Board resolution for the amount.
10%
Examination of related invoices and delivery documents
❤4
While verifying capitalised expenses of machinery installation, CA Adhya notices ₹ 5 lakhs towards training and inauguration. What should she do?
Anonymous Quiz
71%
Recommend for reclassification of ₹ 5 lakhs as revenue expenditure.
18%
Accept capitalisation as the training and inauguration was part of installation
3%
Ignore as it is below materiality threshold
8%
Ask management for capitalisation certificate from CFO
Whether statutory auditor can rely extensively on the internal auditor’s work, where internal auditor does not report to higher management and ROMM seems high
Anonymous Quiz
66%
No, the independence and objectivity are compromised
9%
Yes, internal auditor always assists external audit
16%
Yes, if external auditor documents reasons for reliance
9%
Yes, if previous experience with internal auditor is good
❤2
Which of the following should not be part of audit documentation for related party transactions?
Anonymous Quiz
20%
Management representation letter in this regard
7%
Related party transaction policy of the company.
13%
Documentation to show that such transactions are at arm’s length basis.
61%
Documentation to show that such transactions are at close length basis.
❤2
The internal auditor discovered that the software failed to charge 12% interest on overdue payments due to a technical glitch. Does reporting this situation fall under the scope of internal audit?
Anonymous Quiz
6%
No, as it involves customer transactions
86%
Yes, as it relates to internal control failure
6%
No, this is part of financial statement audit
1%
Only if management asks to review
CA Prabhu has been appointed as auditor of a governament company. After completing the audit he confused about whom to submit his audit report
Anonymous Quiz
9%
Governament
15%
Shareholders
73%
C&AG
3%
Board of directors
CA Srikanth has been appointed to provide reasonable assurance on prospective financial statements, what is this engagement called?
Anonymous Quiz
23%
Audit
13%
Review
59%
Assurance engagement
4%
Related service
Raja limited appointed Mr.Perferct a chartered accountant in practice to provide absolute assurance on financial statement, is it possible?
Anonymous Quiz
27%
No, because audit procedures doesnt allow to provide absolute assurance
5%
No, because auditor uses sample
9%
Yes, Audit procedures allow to provide absolute assurance
59%
No, Because Audit suffers from certain Inherent limitation
In order to call a Financial reporting framework as fair presentation framework which of the following which it should have
Anonymous Quiz
18%
Acknowledges explicitly to give more disclosers
11%
Acknowledges implicitly to depart from framework
4%
Acknowledges implicitly to give more disclosers
67%
A & C
Which type of audit addresses the issue of funds being used from an account without a budgetary provision?
Anonymous Quiz
54%
Audit against Provision of Funds.
20%
Audit of Sanctions.
16%
Performance Audit.
9%
Audit against Rules & Orders
CA Finnal Audit Case Scenario based MCQ Book.pdf
127 MB
CA FINAL AUDIT – CASE SCENARIO BASED MCQ BOOKLET
Preparing for CA Final Audit? Here is a useful practice resource for your exam preparation! 🎯
I have compiled 86 Case Scenario Based MCQs covering important ICAI sources and previous examination material.
📖 This booklet covers:
✅ ICAI Study Material Case Scenarios
✅ ICAI MCQ Booklet
✅ RTP Questions
✅ MTP Questions
✅ Past CA Final Audit Exam Case Scenarios
All the Best
CA Balakrishna Kovuru
Preparing for CA Final Audit? Here is a useful practice resource for your exam preparation! 🎯
I have compiled 86 Case Scenario Based MCQs covering important ICAI sources and previous examination material.
📖 This booklet covers:
✅ ICAI Study Material Case Scenarios
✅ ICAI MCQ Booklet
✅ RTP Questions
✅ MTP Questions
✅ Past CA Final Audit Exam Case Scenarios
All the Best
CA Balakrishna Kovuru
❤2
Identify the type of audit to evaluate whether the expected benefits of a large-scale infrastructure project were achieved or not.
Anonymous Quiz
20%
Propriety Audit.
10%
Audit against Rules & Orders.
8%
Audit of Sanctions.
63%
Performance Audit.
CA Final Audit Amendments Nov 2026.pdf
2.3 MB
📚🔥 CA FINAL AUDIT AMENDMENTS – NOVEMBER 2026
Preparing for CA Final Audit – Nov 2026? 🚨
I have prepared a CA Final Audit Amendments PDF specially for the November 2026 examination to help you revise the amendments in a structured and exam-oriented manner.
📖 CA Final Audit Amendments – Nov 2026
✅ Important amendments applicable for Nov 2026
✅ Exam-oriented presentation
✅ Easy-to-revise format
✅ Useful for your final revision before the exam
🎯 Don't leave Amendments for the last minute!
Make sure you read and revise these amendments thoroughly as part of your CA Final Audit preparation for Nov 2026.
📥 PDF attached below — Download & Start Revising!
All the best
CA Balakrishna Kovuru
Preparing for CA Final Audit – Nov 2026? 🚨
I have prepared a CA Final Audit Amendments PDF specially for the November 2026 examination to help you revise the amendments in a structured and exam-oriented manner.
📖 CA Final Audit Amendments – Nov 2026
✅ Important amendments applicable for Nov 2026
✅ Exam-oriented presentation
✅ Easy-to-revise format
✅ Useful for your final revision before the exam
🎯 Don't leave Amendments for the last minute!
Make sure you read and revise these amendments thoroughly as part of your CA Final Audit preparation for Nov 2026.
📥 PDF attached below — Download & Start Revising!
All the best
CA Balakrishna Kovuru
❤1
Which type of audit is most likely to identify payments processed without proper approval from the competent authority?
Anonymous Quiz
25%
Audit against Rules & Orders.
47%
Audit of Sanctions.
11%
Audit against Provision of Funds.
18%
Propriety Audit.
❤2
which of the following combinations is appropriate example of non- funded credit facilities provided by branch to its customers?
Anonymous Quiz
16%
Bills purchased and discounted; bills for collection
20%
Bills for collection; staff housing loans; letters of credit issued
23%
Bills purchased and discounted; letters of credit issued; guarantees issued
41%
Letters of credit issued, guarantees issued
CA Final Audit Amendments for Nov 2026 | Complete Amendment Discussion
https://youtu.be/EOwZozQgT4E
https://youtu.be/EOwZozQgT4E
YouTube
CA Final Audit Amendments for Nov 2026 | Complete Amendment Discussion
🚨 CA Final Audit Amendments for November 2026 Exams
Preparing for CA Final Audit Nov 2026? In this video, CA Balakrishna Kovuru explains the important CA Final Audit Amendments applicable for the November 2026 examination in a simple and exam-oriented manner.…
Preparing for CA Final Audit Nov 2026? In this video, CA Balakrishna Kovuru explains the important CA Final Audit Amendments applicable for the November 2026 examination in a simple and exam-oriented manner.…
Mr. A was preparing the documents and audit file in physical (paper) form, believing that it is compulsory to do so. Is Mr. A's understanding, correct? Identify the correct statement regarding the form of an audit file.
Anonymous Quiz
32%
Audit file should be kept in both physical & electronic form.
5%
Audit file should be kept in physical form only.
58%
Audit file may be kept in physical or electronic form.
5%
Audit file should be kept in electronic form only.
The previous auditors, Walker & Co., have not replied to communication of Das & Co. Which fundamental principle of professional ethics is not followed by them?
Anonymous Quiz
2%
Objectivity
68%
Professional behaviour
24%
Professional competence and due care
5%
Integrity
“Nothing has come to our attention that causes us to believe that the information is materially misstated.” In ehat type of assurance engagement such wordings are used?
Anonymous Quiz
45%
Reasonable assurance engagement
35%
Limited assurance engagement
11%
Absolute assurance engagement
8%
Audit engagement
Which of the following is the primary objective of an assurance engagement on prospective financial information?
Anonymous Quiz
20%
Provide assurance on reasonableness of underlying assumptions
27%
Provide reasonable assurance on reasonableness of underlying assumptions
24%
Provide reasonable assurance on prospective financial statements
28%
Provide limited assurance on prospective financial statements
❤1