CA-Audit & Law by Pankaj Garg
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โœจCA INTER AUDIT QUIZโœจ
QUES NO.19 - The securities premium account may be applied by the Company for the following purposes:
Anonymous Quiz
4%
payment to creditors for material
3%
purchase of fixed assets
2%
repayment of loans
91%
writing o๏ฌ€ the preliminary expenses
๐Ÿ’ฅMock test Series for INTER AUDIT May 2025 Exams will commence from 03.02.2025 as per following details๐Ÿ’ฅ
โœ… 6 Chapter-Wise Tests (25 Marks) and 1 Full Syllabus Test (100 Marks)
โœ…Tests will be based on ICAI Latest Exam Pattern
โœ…Tests will be evaluated by Ex โ€“ Examiner of ICAI
โœ…Discussion Video by Pankaj Sir will be provided for every Mock-test
โœ…Tests will be uploaded on Date of Test in Whatsapp Group and on Website LMS; Students registered for the Test Series need to download the test; Write down the answers in a Register/Loose Sheets; Make a Single PDF of Answer and E-mail at test.altclasses@gmail.com along with registration details; Evaluated Answer Sheet along with Remarks and Improvements Sought will be shared over Registered Mail Id.
Final Audit MCQ Session for May 2025 Exams ๐Ÿ”ฅ

Ch. 1 - Quality control
๐Ÿ‘‰ SQC -1 & SA 220
https://youtu.be/chSZAz7DMRQ

Ch. 2 - General Auditing Principles & Auditor Responsibilities
๐Ÿ‘‰ SA 240 & SA 250
https://youtu.be/nPvrIGAdS1Q?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu

Ch. 3 - Audit Planning, Strategy & Execution
๐Ÿ‘‰ SA 300, 315 & 320
https://youtu.be/o9bTYpEwpVg?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu

Ch. 4 - Materiality, Risk Assessment & IC
๐Ÿ‘‰ Audit Risk & IC
https://youtu.be/D-RUvvgMkHs?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu

Ch. 5 - Audit Evidence
๐Ÿ‘‰ SA 500 Series
https://youtu.be/v-9Fc6wEIK0

For books/class related queries:
๐Ÿ‘‰ E-mail: altclasses11@gmail.com
๐Ÿ‘‰ Ph.: 9319805511, 7260941195
For Online purchase of books/classes: Visit our web portal: www.altclasses.in
Stay Connected:
๐Ÿ“น๐…๐š๐œ๐ž๐›๐จ๐จ๐ค: https://www.facebook.com/ALTClasses/
๐Ÿ“ท๐ˆ๐ง๐ฌ๐ญ๐š๐ ๐ซ๐š๐ฆ: https://www.instagram.com/altclasses11/
๐Ÿ‘4
โœจCA INTER AUDIT QUIZโœจ
QUES NO.20 - Which assertion is common among the statement of profit and loss and balance sheet captions:
Anonymous Quiz
18%
Existence
16%
Valuation
47%
Completeness
19%
Measurement
โœจCA FINAL AUDIT QUIZโœจ
QUES NO.14 - The acceptable detection risk needs to be ______ in order to reduce the audit risk to ______ in the area of inventories management and handling.
Anonymous Quiz
9%
low in order to reduce audit risk to an acceptably high level
6%
high in order to reduce audit risk to an acceptably high level
70%
low in order to reduce audit risk to an acceptably low level
15%
high in order to reduce audit risk to an acceptably low level
๐Ÿ“ขKey Highlights of Inter Audit - Regular Batch (Latest Recordings)๐ŸŽฏ

๐Ÿ‘‰Batch is applicable for May & Sep. 2025 Exams
๐Ÿ‘‰ Total No. of Classes : 52 of 2.30 Hr. Approx.
๐Ÿ‘‰ Total Duration: 120 Hrs. (Approx.)
๐Ÿ‘‰ Mode of Classes: Google Drive/Android/Pen Drive
๐Ÿ‘‰Recordings - For All Topics in which there are amendments New recordings will be provided; for other Topics - Recordings may be New or of Earlier batch.
๐Ÿ‘‰Fees - Rs. 7,299 (12 Months Validity with Printed Books)
๐Ÿ‘‰Books - Main Book, Cracker & Class Notes
๐Ÿ‘‰Demo Link -
๐Ÿ“šLecture 1 - Introductory Topics
https://youtu.be/zV9jikK9A_s?list=PLf...

๐Ÿ“šLecture 2 - Introductory Topics
https://youtu.be/ZOLLp8YruAc?list=PLf...

๐Ÿ“ž ๐‚๐š๐ฅ๐ฅ ๐”๐ฌ: +91-7206941195 | +91-9319805511

๐ŸŒ ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž: https://altclasses.in
๐Ÿ‘3
โœจCA INTER AUDIT QUIZโœจ
QUES NO.21 - Direct confirmation procedures are performed during audit of accounts receivable balances to address the following balance sheet assertion:
Anonymous Quiz
20%
Rights and obligations
49%
Existence
17%
Valuation
15%
Completeness
๐Ÿ‘2
Performance materialityโ€ means the amount or amounts set by auditor at _ than materiality for the F.S. as a whole to reduce to an appropriately low level the prob. that the aggregate of uncorrected & undetected miss. _ materiality the F.S. as a whole.
Anonymous Quiz
15%
higher, exceeds
37%
less, exceeds
27%
less, falls below
21%
higher, falls below
๐Ÿ‘1
Final Audit MCQ Session for May 2025 Exams ๐Ÿ”ฅ

Ch. 1 - Quality control
๐Ÿ‘‰ SQC -1 & SA 220

https://youtu.be/chSZAz7DMRQ

Ch. 2 - General Auditing Principles & Auditor Responsibilities
๐Ÿ‘‰ SA 240 & SA 250

https://youtu.be/nPvrIGAdS1Q?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu

Ch. 3 - Audit Planning, Strategy & Execution
๐Ÿ‘‰ SA 300, 315 & 320

https://youtu.be/o9bTYpEwpVg?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu

Ch. 4 - Materiality, Risk Assessment & IC
๐Ÿ‘‰ Audit Risk & IC

https://youtu.be/D-RUvvgMkHs?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu

Ch. 5 - Audit Evidence
๐Ÿ‘‰ SA 500 Series

https://youtu.be/v-9Fc6wEIK0

Ch. 6 - Completion & Review
๐Ÿ‘‰ SA 560, 570 & 580

https://youtu.be/M_jNLx-W-u0

Ch. 7 - Reporting
๐Ÿ‘‰ SA 700 Series & CARO 2020

https://youtu.be/g0UvaTdzNKg?list=PLfcnoa601tDCP8ayFTC1mn-r7XmEpmVKh

For any queries:
๐Ÿ‘‰ E-mail: altclasses11@gmail.com
๐Ÿ‘‰ Ph.: 9319805511, 7260941195

๐Ÿ“น๐…๐š๐œ๐ž๐›๐จ๐จ๐ค: https://www.facebook.com/ALTClasses/
๐Ÿ“ท๐ˆ๐ง๐ฌ๐ญ๐š๐ ๐ซ๐š๐ฆ: https://www.instagram.com/altclasses11/
๐Ÿ“ขFinal Audit - New Regular Batch for Nov. 2025 Exams & Onwards๐ŸŽฏ

๐Ÿ’ฅKey Highlights๐Ÿ’ฅ

๐Ÿ‘‰Date of Commencement - 18.03.2025
๐Ÿ‘‰Completion Date - 20.05.2025
๐Ÿ‘‰Validity - 1 Year
๐Ÿ‘‰View - 1.5
๐Ÿ‘‰Duration. - 160 Hrs (Approx.)
๐Ÿ‘‰Mode - Google Drive & Android
๐Ÿ‘‰Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐Ÿ‘‰Books - Main Book, Cracker, Class Notes & MCQ Book

๐Ÿ“ž ๐‚๐š๐ฅ๐ฅ ๐”๐ฌ: +91-7206941195 | +91-9319805511

๐ŸŒ ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž: https://altclasses.in
๐Ÿ‘1
โœจCA INTER AUDIT QUIZโœจ
QUES NO.22 - Wages paid to workers would qualify as:
Anonymous Quiz
65%
Revenue expenditure
2%
Capital expenditure
32%
Revenue or capital expenditure depending upon facts and circumstances
0%
None of the above
๐Ÿ™ˆ3๐Ÿ‘1
โœจCA FINAL AUDIT QUIZโœจ
QUES NO.16 - The objectivity of the managementโ€™s expert is likely to be lesser if:
Anonymous Quiz
5%
The expert is competent
2%
The expert is capable
10%
The expert has relevant experience
83%
The expert is employed by the entity
๐Ÿ‘3
โœจCA INTER AUDIT QUIZโœจ
QUES NO.23 - During the course of audit of intangible assets, expenditure incurred during following phase is not capitalised:
Anonymous Quiz
10%
Development phase
76%
Research phase
7%
None of the above
6%
Both (a) and (b)
โค2๐Ÿ‘2
โœจCA FINAL AUDIT QUIZโœจ
QUES NO.17 - Which of the following matters is irrelevant for auditor in planning attendance at physical inventory counts?
Anonymous Quiz
12%
Nature of inventory
12%
The timing of physical inventory counting
15%
The nature of the internal control related to inventory
61%
Whether 100% of inventory is covered in the count
๐Ÿ‘3โค2