Final Audit MCQ Session for May 2025 Exams ๐ฅ
Ch. 1 - Quality control
๐ SQC -1 & SA 220
https://youtu.be/chSZAz7DMRQ
Ch. 2 - General Auditing Principles & Auditor Responsibilities
๐ SA 240 & SA 250
https://youtu.be/nPvrIGAdS1Q?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu
Ch. 3 - Audit Planning, Strategy & Execution
๐ SA 300, 315 & 320
https://youtu.be/o9bTYpEwpVg?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu
Ch. 4 - Materiality, Risk Assessment & IC
๐ Audit Risk & IC
https://youtu.be/D-RUvvgMkHs?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu
Ch. 5 - Audit Evidence
๐ SA 500 Series
https://youtu.be/v-9Fc6wEIK0
Ch. 6 - Completion & Review
๐ SA 560, 570 & 580
https://youtu.be/M_jNLx-W-u0
Ch. 7 - Reporting
๐ SA 700 Series & CARO 2020
https://youtu.be/g0UvaTdzNKg?list=PLfcnoa601tDCP8ayFTC1mn-r7XmEpmVKh
For any queries:
๐ E-mail: altclasses11@gmail.com
๐ Ph.: 9319805511, 7260941195
๐น๐ ๐๐๐๐๐จ๐จ๐ค: https://www.facebook.com/ALTClasses/
๐ท๐๐ง๐ฌ๐ญ๐๐ ๐ซ๐๐ฆ: https://www.instagram.com/altclasses11/
Ch. 1 - Quality control
๐ SQC -1 & SA 220
https://youtu.be/chSZAz7DMRQ
Ch. 2 - General Auditing Principles & Auditor Responsibilities
๐ SA 240 & SA 250
https://youtu.be/nPvrIGAdS1Q?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu
Ch. 3 - Audit Planning, Strategy & Execution
๐ SA 300, 315 & 320
https://youtu.be/o9bTYpEwpVg?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu
Ch. 4 - Materiality, Risk Assessment & IC
๐ Audit Risk & IC
https://youtu.be/D-RUvvgMkHs?list=PLfcnoa601tDCB-7CWz5TY7hwFuE2oLRlu
Ch. 5 - Audit Evidence
๐ SA 500 Series
https://youtu.be/v-9Fc6wEIK0
Ch. 6 - Completion & Review
๐ SA 560, 570 & 580
https://youtu.be/M_jNLx-W-u0
Ch. 7 - Reporting
๐ SA 700 Series & CARO 2020
https://youtu.be/g0UvaTdzNKg?list=PLfcnoa601tDCP8ayFTC1mn-r7XmEpmVKh
For any queries:
๐ E-mail: altclasses11@gmail.com
๐ Ph.: 9319805511, 7260941195
๐น๐ ๐๐๐๐๐จ๐จ๐ค: https://www.facebook.com/ALTClasses/
๐ท๐๐ง๐ฌ๐ญ๐๐ ๐ซ๐๐ฆ: https://www.instagram.com/altclasses11/
๐ขFinal Audit - New Regular Batch for Nov. 2025 Exams & Onwards๐ฏ
๐ฅKey Highlights๐ฅ
๐Date of Commencement - 18.03.2025
๐Completion Date - 20.05.2025
๐Validity - 1 Year
๐View - 1.5
๐Duration. - 160 Hrs (Approx.)
๐Mode - Google Drive & Android
๐Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐Books - Main Book, Cracker, Class Notes & MCQ Book
๐ ๐๐๐ฅ๐ฅ ๐๐ฌ: +91-7206941195 | +91-9319805511
๐ ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐: https://altclasses.in
๐ฅKey Highlights๐ฅ
๐Date of Commencement - 18.03.2025
๐Completion Date - 20.05.2025
๐Validity - 1 Year
๐View - 1.5
๐Duration. - 160 Hrs (Approx.)
๐Mode - Google Drive & Android
๐Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐Books - Main Book, Cracker, Class Notes & MCQ Book
๐ ๐๐๐ฅ๐ฅ ๐๐ฌ: +91-7206941195 | +91-9319805511
๐ ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐: https://altclasses.in
๐1
โจCA INTER AUDIT QUIZโจ
QUES NO.22 - Wages paid to workers would qualify as:
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
๐3๐1
โจCA FINAL AUDIT QUIZโจ
QUES NO.16 - The objectivity of the managementโs expert is likely to be lesser if:
QUES NO.16 - The objectivity of the managementโs 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
๐3
โจCA INTER AUDIT QUIZโจ
QUES NO.23 - During the course of audit of intangible assets, expenditure incurred during following phase is not capitalised:
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)
โค2๐2
โจCA FINAL AUDIT QUIZโจ
QUES NO.17 - Which of the following matters is irrelevant for auditor in planning attendance at physical inventory counts?
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
๐3โค2
๐ขFinal Audit - New Regular Batch for Nov. 2025 Exams & Onwards๐ฏ
๐ฅKey Highlights๐ฅ
๐Date of Commencement - 18.03.2025
๐Completion Date - 20.05.2025
๐Validity - 1 Year
๐View - 1.5
๐Duration. - 160 Hrs (Approx.)
๐Mode - Google Drive & Android
๐Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐Books - Main Book, Cracker, Class Notes & MCQ Book
๐ ๐๐๐ฅ๐ฅ ๐๐ฌ: +91-7206941195 | +91-9319805511
๐ ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐: https://altclasses.in
๐ฅKey Highlights๐ฅ
๐Date of Commencement - 18.03.2025
๐Completion Date - 20.05.2025
๐Validity - 1 Year
๐View - 1.5
๐Duration. - 160 Hrs (Approx.)
๐Mode - Google Drive & Android
๐Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐Books - Main Book, Cracker, Class Notes & MCQ Book
๐ ๐๐๐ฅ๐ฅ ๐๐ฌ: +91-7206941195 | +91-9319805511
๐ ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐: https://altclasses.in
๐1
โจCA INTER AUDIT QUIZโจQ. No. 24 - ___________ is the summary of significant matters identified during audit and way they are addressed:
Anonymous Quiz
50%
Audit File
17%
Audit Programme
26%
Completion Memorandum
8%
Checklists
โจCA FINAL AUDIT QUIZโจQUES NO.18 - In the given case scenario, which is the most important red flag for auditor:
Anonymous Quiz
4%
Expensive Lifestyle
69%
Undisclosed related party relationships to siphon off the funds
5%
Financial Crunch
22%
The dominant influence of the owners
โค1๐1
๐ฅInter Audit Fast Track Batch for May 2025 Exam & Onwards ๐ฅ
๐ Total No. of Classes: 33 Lectures of 2.30 Hr. Approx.
๐ Total Duration: 70 Hrs. (Approx.)
๐ Mode of Classes: Google Drive/Android
๐ Recordings - Latest Recordings Applicable for May 2025 Exams.
๐ Fees - Rs. 1,899 (2 Months Validity with E-Books); Rs. 2,799 (2 Months Validity with printed Books); Rs. 4,149 (4 Months Validity with Printed Books)
๐ Books - Class Notes and Cracker
For Details and Purchase: https://altclasses.in/product/inter-auditing-fast-track-batch-google-drive-android-for-may-sep-2025-exams/
For academic updates and related contents:
๐Visit knowledge portal of www.altclasses.in
For books/class related queries:
๐ E-mail: altclasses11@gmail.com
๐ Ph.: 9319805511, 7260941195
For Online purchase of books/classes: Visit our web portal: www.altclasses.in
๐ Total No. of Classes: 33 Lectures of 2.30 Hr. Approx.
๐ Total Duration: 70 Hrs. (Approx.)
๐ Mode of Classes: Google Drive/Android
๐ Recordings - Latest Recordings Applicable for May 2025 Exams.
๐ Fees - Rs. 1,899 (2 Months Validity with E-Books); Rs. 2,799 (2 Months Validity with printed Books); Rs. 4,149 (4 Months Validity with Printed Books)
๐ Books - Class Notes and Cracker
For Details and Purchase: https://altclasses.in/product/inter-auditing-fast-track-batch-google-drive-android-for-may-sep-2025-exams/
For academic updates and related contents:
๐Visit knowledge portal of www.altclasses.in
For books/class related queries:
๐ E-mail: altclasses11@gmail.com
๐ Ph.: 9319805511, 7260941195
For Online purchase of books/classes: Visit our web portal: www.altclasses.in
โค1
โจCA FINAL AUDIT QUIZโจ Q. No. 19 - What is excluded from the definition of "Firm"?
Anonymous Quiz
26%
Sole Practitioner
2%
Partnership
62%
Corporation
9%
Other entity of professional accountants
๐1
โจCA FINAL AUDIT QUIZโจ Q. No. 20 - Where the auditor has doubts about the integrity or honesty of management or those charged with governance, the auditor may consider it appropriate to _____.
Anonymous Quiz
39%
Obtain legal advice
8%
Modify audit opinion
12%
Communicate to regulatory authorities
41%
Withdraw from the engagement
๐1
โจCA INTER AUDIT QUIZโจQ. No. 25 - Identify the most appropriate statement:
Anonymous Quiz
8%
SA 220 applies at the level of firm
19%
SQC 1 is premised on the basis that firm is subject to SA 220
56%
SA 220 is premised on the basis that firm is subject to SQC 1
17%
SA 220 applies to all engagements
โจCA FINAL AUDIT QUIZโจ Q. No. 21 - Which of following statements is most appropriate regarding a compilation engagement undertaken by practitioner in accordance with Standards on Related Services?
Anonymous Quiz
15%
It provides reasonable assurance
9%
It provides moderate assurance
51%
It provides no assurance
25%
It provides limited assurance
๐2
โจCA INTER AUDIT QUIZโจQ. No. 26 - Which of the following is not a fundamental principle governing professional ethics?
Anonymous Quiz
4%
Professional competence and due care
3%
Integrity
4%
Objectivity
90%
Safeguards to independence
๐ข Final Audit - New Regular Batch for Nov. 2025 Exams & Onwards ๐ฏ
๐ฅ Key Highlights ๐ฅ
๐ Date of Commencement - 18.03.2025
๐ Completion Date - 20.05.2025
๐ Validity - 1 Year
๐ View - 1.5
๐ Duration. - 160 Hrs (Approx.)
๐ Mode - Google Drive & Android
๐ Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐ Books - Main Book, Cracker, Class Notes & MCQ Book
https://altclasses.in/product/final-audit-regular-march-2025-batch-google-drive-android-for-nov-25-exams-onwards/
For academic updates and related contents:
๐Visit knowledge portal of www.altclasses.in
For books/class related queries:
๐ E-mail: altclasses11@gmail.com
๐ Ph.: 9319805511, 7260941195
For Online purchase of books/classes: Visit our web portal: www.altclasses.in
๐ฅ Key Highlights ๐ฅ
๐ Date of Commencement - 18.03.2025
๐ Completion Date - 20.05.2025
๐ Validity - 1 Year
๐ View - 1.5
๐ Duration. - 160 Hrs (Approx.)
๐ Mode - Google Drive & Android
๐ Fees - Rs. 9999 (20% Discount till 28.02.2025)
๐ Books - Main Book, Cracker, Class Notes & MCQ Book
https://altclasses.in/product/final-audit-regular-march-2025-batch-google-drive-android-for-nov-25-exams-onwards/
For academic updates and related contents:
๐Visit knowledge portal of www.altclasses.in
For books/class related queries:
๐ E-mail: altclasses11@gmail.com
๐ Ph.: 9319805511, 7260941195
For Online purchase of books/classes: Visit our web portal: www.altclasses.in
๐1
โจCA FINAL AUDIT QUIZโจ Q. No. 21 - Which of following is false regarding โcompilation engagementโ to be performed in accordance with Standards on Related Services?
Anonymous Quiz
23%
The practitioner may provide assistance to management with significant judgments
26%
The practitioner considers materiality in such type of engagement.
41%
The practitioner is not in a position to propose amendments to management in C.E
10%
The practitioner is required to keep engagement documentation.
๐1
โจCA FINAL AUDIT QUIZโจ Q. No. 22 - If the auditorโs preliminary knowledge of the engagement circumstances indicates inability to complete review due to limitation on scope of the auditorโs review imposed by management, the auditor:
Anonymous Quiz
1%
Should accept the review engagement.
17%
Should communicate this fact to those charged with governance.
69%
Should not accept the review engagement
14%
Both (a) & (b)
โจCA FINAL AUDIT QUIZโจ Q. No. 23 - Which of following is a hallmark of reporting under SAE 3400?
Anonymous Quiz
8%
Reference to managements responsibility.
57%
Identification of prospective financial information.
30%
A statement of negative assurance.
4%
Date of report
๐5
โจCA FINAL AUDIT QUIZโจ Q. No. 24 - If the auditorโs preliminary knowledge of the engagement circumstances indicates inability to complete review due to limitation on scope of the auditorโs review imposed by management, the auditor:
Anonymous Quiz
1%
Should accept the review engagement
18%
Should communicate this fact to those charged with governance
69%
Should not accept the review engagement
12%
Both (a) & (b)
๐3