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26 Sentabr, 2026 dagi oxirgi ma’lumotlarga ko‘ra kanal barqaror faollikka ega. Oxirgi 30 kunda obunachilar soni 804 ga, so‘nggi 24 soatda esa 20 ga o‘zgardi va umumiy qamrov yuqori darajada qolmoqda.
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18 490
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18 490
Reason for MCQ 55 SA 620
Management's use of an expert does not automatically compel the auditor to use one. The screenshot identifies multiple considerations, including complexity/significance, RMM, expected procedures, the auditor's knowledge/experience and alternative evidence. An auditor's expert may assist throughout several audit stages—from understanding the entity and risk assessment to further procedures and evaluation of audit evidence.
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MCQ 55 SA 620
During the audit of Alpha Energy Ltd., a complex environmental restoration liability arises. Management has used an environmental engineer in determining the provision. The engagement partner has previously audited similar entities and has acquired considerable understanding of such liabilities through experience and discussions with specialists. Alternative audit evidence is also available.
Which statement BEST reflects the auditor's decision whether to use an auditor's expert?
A.
Since management has used an expert, the auditor is necessarily required to appoint a separate auditor's expert.
B.
Since the engagement partner has previous experience, use of an auditor's expert is unnecessary irrespective of complexity or risk.
C.
Management's use of an expert is a relevant consideration, but the auditor should also consider the nature and significance/complexity of the matter, risk of material misstatement, expected procedures, the auditor's knowledge and experience with experts, and availability of alternative audit evidence.
D.
An auditor's expert can be used only in designing and performing further audit procedures and not while obtaining an understanding, assessing risks or evaluating evidence.
18 490
Reason for MCQ 54 SA 620
SA 620 concerns expertise in a field other than accounting or auditing used by the auditor. A specialist used by management in preparing the financial statements is a management's expert, dealt with under SA 500. Specialised accounting/auditing expertise of an engagement-team member is also outside SA 620. Crucially, use of an auditor's expert does not reduce the auditor's sole responsibility for the audit opinion.
18 490
MCQ 54 SA 620
During the audit of Orion Infrastructure Ltd.:
- Management appoints an independent valuer to value specialised machinery for preparation of the financial statements.
- The audit firm uses its own valuation specialist to assist in evaluating that valuation.
- A member of the engagement team has specialised expertise in accounting for complex financial instruments.
The engagement partner proposes to apply SA 620 identically to all three specialists and further states that reliance on the firm's valuation specialist transfers responsibility for the valuation conclusion to that specialist.
Which statement is MOST appropriate?
A.
SA 620 applies to all three because each possesses specialised expertise relevant to the financial statements; however, responsibility for the opinion remains with the auditor.
B.
SA 620 applies to the auditor's valuation specialist; the management-appointed valuer is a management's expert dealt with under SA 500, and specialised accounting/auditing expertise of an engagement-team member is outside SA 620. The auditor nevertheless retains sole responsibility for the audit opinion.
C.
SA 620 applies to the auditor's specialist and management's specialist but not to an engagement-team member; responsibility for conclusions reached by the auditor's specialist is shared between the auditor and expert.
D.
SA 620 applies only where the specialist is external to the audit firm; an internal specialist of the auditor and management's specialist are both outside its scope.
18 490
Reason for MCQ 53 SA 610
Family and personal relationships with persons responsible for the area being audited are specifically identified as relevant threats to objectivity. Further, internal auditors providing direct assistance cannot be assigned procedures involving significant judgments or relating to higher assessed risks where the judgment required is more than limited. C captures both dimensions without overstating either one.
18 490
MCQ 53 SA 610
The statutory auditor intends to obtain direct assistance from an internal auditor in verifying a high-risk litigation provision. The internal auditor is technically competent and has no financial interest in the company. However, the litigation relates to a department headed by the internal auditor's spouse. The area involves significant judgment and has been assessed as having a high risk of material misstatement.
Which conclusion is MOST appropriate?
A.
Direct assistance may be obtained because competence is established and the absence of financial interest eliminates significant threats to objectivity.
B.
Direct assistance may be obtained if the statutory auditor increases direction, supervision and review because family relationships affect only the extent of supervision.
C.
The relationship is relevant in assessing threats to objectivity; moreover, direct assistance cannot be assigned for significant judgments or higher assessed risks where the judgment required is more than limited.
D.
Direct assistance is prohibited solely because the internal auditor's spouse heads the department; the level of judgment and assessed risk become irrelevant once such a relationship exists.
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Reason for MCQ 52 SA 610
Reading the internal audit reports and coordinating activities are required, but they are not sufficient by themselves. The external auditor must perform sufficient procedures to evaluate whether the work was properly planned, performed, supervised, reviewed and documented; whether sufficient appropriate evidence supported reasonable conclusions; and whether conclusions/reports are appropriate and consistent with the work performed.
18 490
MCQ 52 SA 610
CA Dev plans to use the internal audit work of Nova Ltd. He discusses coordination with the internal auditors and reads their reports. He concludes that their work appears reliable and therefore decides that no further evaluation is necessary because the internal auditors have already documented sufficient evidence and their reports have been reviewed by the Head of Internal Audit.
Which statement BEST describes CA Dev's responsibility?
A.
His approach is acceptable if the internal audit reports demonstrate that sufficient appropriate evidence was obtained and the conclusions are internally consistent.
B.
He must perform sufficient audit procedures to determine the adequacy of internal audit work, including evaluating its planning, performance, supervision, review and documentation; sufficiency of evidence; and appropriateness and consistency of conclusions and reports.
C.
He must reperform the internal audit procedures in their entirety because merely reading reports cannot constitute use of internal audit work under SA 610.
D.
He needs additional procedures only where the internal audit conclusions conflict with evidence independently obtained by the external auditor.
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Reason for MCQ 51 SA 610
The screenshot permits use of internal audit work for matters such as testing controls, substantive procedures involving limited judgment and inventory observations. However, the external auditor must make all significant judgments and should use less of internal audit's work and perform more directly as judgment and assessed risk increase. Importantly, the screenshot does not create an absolute prohibition merely because an area is a significant risk; hence C is too absolute.
18 490
MCQ 51 SA 610
The statutory auditor of Quantum Ltd. proposes substantial use of internal audit work. The internal audit function is highly competent and its organisational status strongly supports objectivity. The proposed areas are:
1. Routine testing of operating effectiveness of controls;
2. Substantive procedures involving limited judgment;
3. A significant-risk provision requiring substantial judgment in evaluating audit evidence; and
4. Observation of inventory counts.
The engagement partner argues that because the internal audit function is exceptionally competent and objective, substantial reliance may be placed across all four areas.
Which conclusion is MOST appropriate?
A.
Correct, because once objectivity and competence are established, the external auditor determines reliance primarily according to the nature and scope of internal audit work.
B.
Incorrect; while work such as control testing, limited-judgment substantive procedures and inventory observations may be used, the external auditor should plan to use less internal audit work and perform more work directly where greater judgment or higher assessed risk is involved.
C.
Incorrect only in respect of Item 3 because work relating to a significant risk can never be used from the internal audit function irrespective of the degree of judgment involved.
D.
Correct, provided the external auditor subsequently reperforms all significant judgments made by internal audit and remains solely responsible for the audit opinion.
18 490
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It is a test of who keeps going despite being tired.
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18 490
Reason for MCQ 50 SA 610
Before using the work of the internal audit function, the external auditor evaluates objectivity, competence, and whether the function applies a systematic and disciplined approach including quality control. The screenshot specifically states that the external auditor shall not use the function's work where organisational status and relevant policies/procedures do not adequately support objectivity. The three conditions are not compensatory.
18 490
MCQ 50 SA 610
Vistara Components Ltd. has a technically strong internal audit team. Its members are professionally qualified and the function follows a systematic and disciplined audit methodology, including documented quality control. However, the Head of Internal Audit reports functionally and administratively to the CFO, who determines the scope of internal audit assignments and can prevent reports from being placed before the Audit Committee.
The statutory auditor proposes to use the internal audit work relating to operating effectiveness of controls.
Which of the following is MOST appropriate?
A.
The work may be used because competence and a systematic and disciplined approach compensate for weaknesses in organisational status, provided the statutory auditor performs additional procedures.
B.
The work cannot be used if the organisational status and relevant policies and procedures do not adequately support the objectivity of the internal auditors, notwithstanding adequate competence and a systematic and disciplined approach.
C.
The work may be used because objectivity is relevant only while determining the extent of reliance; competence and systematic approach determine whether the function's work can be used at all.
D.
The work cannot be used only if the external auditor establishes actual bias in the work already performed; a mere inadequacy in organisational status is insufficient.
