CA Final Standards on Auditing and Professional Ethics — practice questions
31 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final Standards on Auditing and Professional Ethics in the app →SA 200 establishes:Professional scepticism, per SA 200, requires the auditor to:SA 230 deals with:The Code of Ethics for Chartered Accountants is issued by:Reasonable assurance, per SA 200, is:SA 240 places primary responsibility for preventing and detecting fraud on:SA 250 addresses:Communication with Those Charged With Governance is governed by:Materiality is governed by:Performance materiality is:SA 500 requires audit evidence to be:External confirmations (SA 505) are MOST commonly used for:Subsequent Events under SA 560 - events between FS date and report date must be:Going concern uncertainty under SA 570 - if material uncertainty exists but disclosure is adequate, the audiWritten Representations from management (SA 580) are:A new auditor finds, during the first year of engagement, that opening balances contain a material error. The SA 700 (Revised) - the audit report should include Key Audit Matters (KAM) for:Per Code of Ethics, a "self-review threat" arises when:Schedule I, Part I of the Chartered Accountants Act 1949 deals with:Disciplinary procedure under the CA Act: Schedule I matters are dealt with by:A CA in practice charging fees on a percentage of profits computed in an audit engagement is:SA 720 (Revised) deals with:A "qualified opinion" under SA 705 is issued when:Auditor's independence under Section 144 of Companies Act 2013 - the auditor of a company cannot provide:SA 600 (Revised) for group audits emphasises:SA 540 (Revised) for accounting estimates requires:SQC 1 (Standard on Quality Control 1) at FIRM level requires:In the auditor's report, the section on Auditor's Responsibilities should describe:Emphasis of Matter (EoM) paragraph under SA 706 is used when:Forensic audit, distinct from statutory audit, is:Investigation / Due Diligence (DD) versus audit - the KEY difference is: