(CA Inter)Jan 27/Sep26

Assertion refers to the representation by the auditor to consider the different type of potential mistakement that may occur

When auditor enquiry the management as part of audit procedures it should be formal written form only not informal and oral enquiry

Enquiry alone is sufficient to test the operating effectiveness of control

Sufficiency is the measure of the quality of auditing evidence

Purchase invoice is an example of internal evidence

A company auditor receives external confirmation from an entity to whom company has sold goods they said amount is properly classified in financial statements of company which of the following statement is not true in this regard

Which of the following is not an advantage of statistical sampling

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