Search Header Logo

CA Inter Audit Lec 59 & 60

Authored by Ravi Taori

Other

Professional Development

CA Inter Audit Lec 59 & 60
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

220.2

SA 220 sets out the responsibilities with respect to relevant ethical requirements

a) firm’s

b) Senior Audit Assistant

c) engagement partner’s

d) All the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

220.4

The purpose of monitoring compliance with quality control policies and procedures is to provide an evaluation of:

a) Adherence to professional standards and regulatory and legal requirements;

b) Whether the quality control system has been appropriately designed and effectively implemented; and

c) Whether the firm’s quality control policies and procedures have been appropriately applied, so that reports that are issued by the firm or engagement partners are appropriate in the circumstances.

d) All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

220.9

In relation to completed engagements, procedures designed to provide evidence of compliance by

engagement teams with the firm’s quality control policies and procedures is known as :

a) Monitoring

b) Inspection

c) Subsequent Audit procedures

d) Compliance procedures

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CIA.12

………….. is the threat which occurs when the auditor promotes, or is perceived to promote, a client’s opinion to a point where people may believe that objectivity is getting compromised

a) Familiarity threat

b) Advocacy threat

c) Self Review threat

d) Intimidation threat

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CIA.5

Loan or guarantee to or from the concerned client is an example of

a) Self-review threats

b) Self-interest threats

c) Advocacy threats

d) Intimidation threats

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CIA.6

Direct financial interest or materially significant indirect financial interest in a client is an example of

a) Self-review threats

b) Self-interest threats

c) Advocacy threats

d) Intimidation threats

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CIA.7

When an auditor deals with shares or securities of the audited company is an example of:

a) Self-review threats

b) Self-interest threats

c) Advocacy threats

d) Intimidation threats

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?