CA Intermediate Auditing and Assurance Test Series-7

Test Preparation on CA Intermediate Auditing and Assurance Test Series-7

1.

The audit firm should implement _________ policies to ensure all audits are conducted in accordance with Audit and Assurance Standards.

1Detection Control
2Quality control
3Management control
4Internal control

2.

The firm‟s quality control ________ should be effectively communicated to its personnel.

1Standards
2Policies and procedures
3Requirements
4All of the above

3.

Engagement Team means all personnel performing ______.

1Audit
2Accounting
3Engagement
4All of the above

4.

The auditor shall assemble the audit documentation in an audit file within ____ days of completion of the audit.

160 days
290 days
3180 days
430 days

5.

Mr. Laxman, an engagement partner of Vibhishan & co. chartered accountant for an audit of Lanka Ltd., died of a heart attack on 29.09.2018 after completing the entire routine audit work of Lanka Ltd. Mr. Raavan, one of the partners of Vibhishan Ltd. will be signing the accounts of Lanka Ltd. What is the course of action to be taken by Raavan?

1Sign the accounts of Lanka Ltd. Without reviewing the work of his partner
2Sign the balance sheet after reviewing the work of his partner
3Withdraw the audit as the person who has performed the audit is no more
4Issue an adverse report

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