Q1CARO 2015 - Related party transactions
4 marks medium
M Ltd has given certain loans to related parties and also has accepted certain deposits. As an auditor, how you would handle the above items in paragraph 3 of CARO 2015?
Q2SA 230 - Audit documentation
3 marks medium
Discuss and explain the policies and procedures of assessing the final audit file on a timely basis after the date of auditor's report under SA 230.
Q3Internal controls and asset misappropriation
5 marks medium
Inadequate internal control over assets may increase the susceptibility of misappropriation of those assets. State any three examples of such occurrence of misappropriation of such assets.
Q4NPA provisioning norms
4 marks medium
There is no difference in provisioning of NPA as regards to categories under, whether the debt is secured or unsecured. Critically evaluate the statement on the basis of provisioning norms of NPA of nationalized bank.
Q5Audit of charitable institutions
4 marks medium
In the case of audit of a charitable institution, what attention should be paid by auditor regarding audit of expenditure items?
QORHospital audit - key focus areas
4 marks hard
Case: You have been appointed auditor of M/s. Divine Children Hospital.
Discuss any four important points that would attract your attention while audit.
Q1Audit - engagement team discussion, partnership audit
0 marks easy
This appears to be a multi-part question from a suggested answer document. Parts (c) and (d) are visible below.
Q4Audit programme considerations
4 marks medium
Discuss the points to be considered by auditor for the purpose of commenting on audit programme.
Q5Joint audit planning
4 marks medium
Before the commencement of audit, the joint auditors should discuss and develop a joint audit plan. Discuss the points for developing the joint audit plan by the joint auditors.
Q6Auditor resignation/removal
4 marks medium
Board of Directors of HS Ltd wants to resign CA S. a practicing Chartered Accountant, as internal auditor of the company or they believe that they could not represent to anybody else practicing chartered accountants.
Q7Auditing Standard 4, Management Discussion
4 marks medium
Examine the components of the revised format of MD of AS No. 4 with respect to provisions of Companies Act, 2015.
Q8Alternative audit procedures
4 marks medium
CA A, auditor of ABC Ltd wants to design alternative audit procedure and for that he wants to check whether the data in respect are reliable for purpose of designing data and statistical procedures.
Q9Corresponding figures in audit report
5 marks medium
When corresponding figures are presented, the auditors' report shall not refer to the corresponding figures. Discuss the exceptions of the above statement when the prior period statements are audited.