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CA Final Audit Evidence — practice questions — page 2

Explore 35 free Audit Evidence questions in CA Final Auditing. Open each question or exercise to read its content, reference answers and available explanation.

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Audit Evidence questions and exercises with answers

Showing questions 31–35 of 35.

Audit working papers are the property of theRead the answer and worked solution →Working papers may take the form of aRead the answer and worked solution →Because audits give only reasonable assurance, auditors often adoptRead the answer and worked solution →Statements are true and fair when they are free ofRead the answer and worked solution →The opinion on financial statements depends on theRead the answer and worked solution →

Worked practice questions

Audit working papers are the property of the

  1. Bank
  2. Client
  3. Regulator
  4. Auditor
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Correct answer: D. Auditor

The working papers belong to the auditor, so they cannot be shared with third parties without client consent unless law requires.

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Working papers may take the form of a

  1. A share register
  2. A bank guarantee
  3. A debenture deed
  4. A checklist
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Correct answer: D. A checklist

Documentation can be a flowchart, narrative note, checklist or questionnaire.

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Because audits give only reasonable assurance, auditors often adopt

  1. Statistical sampling
  2. Full recounting
  3. Pure guesswork
  4. Client certification
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Correct answer: A. Statistical sampling

Constraints on time and cost mean auditors test samples and cannot give absolute assurance.

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More Auditing topics

Auditor's ReportOverview of Audit of Public Sector UndertakingsInternal AuditStandards on Auditing and Professional EthicsInternational Ethics Standards Board for AccountantsRisk Assessment and Internal ControlSpecial Features of Audit of Banks and Non-Banking Financial CompaniesAuditor's Report on Financial Statements