(CA Inter)May26/Sep26

Which of the following is not an objective of companies policies for ensuring internal financial controls

An auditor finds during course of audit that entity has entered into mini related party transactions which of the following statement is true

Which of the following is not one of the functions of internal auditor of an organisation

Maintenance of internal controls system is the responsibility of the statutory auditor

Test of control are performed to obtain evidence about the effectiveness of internal controls system

Control risk is the susceptibility of an account balance or classoftransactions to misstatement thatcould be material either individuallyor when aggregated with misstatement inotherbalances or classesassuming that there where no related internal controls.

There is a direct relationship between materiality and degree of audit risk

Which of the following is not example of general IT controls

Which of the following is not a risk to a company internal control due to its IT environment

Who is responsible for maintaining effective internal financial controls

The operations of the company are automated substantially.Which of the following statements is most appropriate in this respect

Which of the following is true regarding materiality?

The audit plan is more detailed that the overall audit strategy

A detailed audit programme once prepared for a business can be used for all business under all circumstances

Planning is discrete phase of an audit