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CA Final International Ethics Standards Board for Accountants — practice questions — page 3

Explore 87 free International Ethics Standards Board for Accountants questions in CA Final Auditing. Open each question or exercise to read its content, reference answers and available explanation.

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International Ethics Standards Board for Accountants questions and exercises with answers

Showing questions 61–87 of 87.

Under Part IV item (2), disrepute to the profession counts even if the act is:Read the answer and worked solution →Which duty does item (1) of Part I of the Second Schedule protect?Read the answer and worked solution →A CA signs a report on an examination done by an outsider who is not a CA in practice. This is:Read the answer and worked solution →Letting his name suggest he vouches for a forecast of future earnings is Second Schedule Part I item:Read the answer and worked solution →Item (4) of Part I of the Second Schedule bars an opinion on an enterprise where the CA has:Read the answer and worked solution →Failing to disclose a known material fact needed in financial statements is Part I item:Read the answer and worked solution →Failing to obtain information needed to express an opinion is Second Schedule Part I item:Read the answer and worked solution →Not inviting attention to a material departure from accepted audit procedure is Part I item:Read the answer and worked solution →Client money other than fees must be kept in which place under item (10)?Read the answer and worked solution →Other misconduct in the Second Schedule needs jail exceeding how long for the offence?Read the answer and worked solution →Which fundamental principle sits in Section 111 of the Code?Read the answer and worked solution →Confidentiality is covered by which Section of the Code?Read the answer and worked solution →The conceptual framework of the Code sits in which Section?Read the answer and worked solution →A firm reviews its own earlier valuation work for a client. Which threat arises?Read the answer and worked solution →A client threatens to dismiss the auditor over a finding. Which threat is this?Read the answer and worked solution →Which body oversees the IESBA's strategy, work plan and due process?Read the answer and worked solution →Which nonprofit set up in 2023 houses both the IESBA and the IAASB?Read the answer and worked solution →The IESBA gave a revised global definition in 2022 for which type of entity?Read the answer and worked solution →Which Part of the Code applies to accountants in public practice?Read the answer and worked solution →Independence for audit and review engagements is in which Part?Read the answer and worked solution →Fees and other types of remuneration in public practice are in which Section?Read the answer and worked solution →Custody of client assets is dealt with in which Section of Part 3?Read the answer and worked solution →Which Section of Part 3 covers second opinions?Read the answer and worked solution →NOCLAR for accountants in public practice is covered by which Section?Read the answer and worked solution →Which Section covers partner rotation with an audit client?Read the answer and worked solution →Internal audit services to an audit client are in which Section?Read the answer and worked solution →Employment with an audit client is covered by which Section?Read the answer and worked solution →

Worked practice questions

Under Part IV item (2), disrepute to the profession counts even if the act is:

  1. Done by a fellow
  2. Unrelated to his work
  3. Reported by the press
  4. Done in public
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Correct answer: B. Unrelated to his work

Item (2) covers conduct that in the Council's opinion brings disrepute, whether or not it is related to the member's professional work.

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Which duty does item (1) of Part I of the Second Schedule protect?

  1. Client secrecy
  2. Fee openness
  3. Peer review
  4. Audit rotation
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Correct answer: A. Client secrecy

Item (1) makes it misconduct to disclose engagement information to anyone but the client without consent or legal requirement.

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A CA signs a report on an examination done by an outsider who is not a CA in practice. This is:

  1. Other misconduct
  2. Allowed delegation
  3. Professional misconduct
  4. A mere advisory lapse
Show answer and solution

Correct answer: C. Professional misconduct

Item (2) requires the examination to be made by the member, a partner, an employee or another CA in practice.

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More Auditing topics

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