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Financial Audit

Excellent commerce point > Financial Audit
Audit of Banks
02
Jun

Audit of Banks – CA Inter Audit MCQ Question 1.Regulating body in case of banks is:(a) SEBI(b) IRDA(c) RBI(d) ICAIAnswer:(c) RBI   Question 2.Long Form Audit report is to be submitted by:(a) 30th April every year(b) 30th June every year(c) 30th Sep. every year(d) None of the aboveAnswer:(b) 30th June every year Question 3.The matters […]

Posted in: ca intermediate notes ,
Tags: Audit of Banks , Audit Procedures , Bank Audit , Banking Regulations , CA Inter Audit , Chartered Accountancy Audit Notes , Financial Audit , Loan and Advance Audit , NPA Audit , Statutory Bank Audit ,
Audit of Different Types of Entities
02
Jun

Audit of Different Types of Entities – CA Inter Auditing Notes Question 1.Explain in detail the duties of Comptroller and Auditor General of India.[May 03 (8 Marks), Nov. 12 (10 Marks), RTP-May 19, Nov. 19]Answer:Duties of Comptroller and Auditor General:1. Compilation and submission of Accounts: The C & AG should compile the accounts pertaining to […]

Posted in: ca intermediate notes ,
Tags: Audit of Different Entities , Audit Process , CA Inter Audit , Chartered Accountancy Audit Notes , Company Audit , Entity-Specific Audit , Financial Audit , Non-Profit Audit , Partnership Audit , Trust Audit ,
Audit of Items of Financial Statements
02
Jun

Audit of Items of Financial Statements – CA Inter Audit MCQ Question 1.Which assertion is common among income statement and balance sheet captions:(a) Existence(b) Valuation(c) Completeness(d) MeasurementAnswer:(c) Completeness Question 2.Direct confirmation procedures are performed during audit of trade receivable balances to address the following balance sheet assertion:(a) Measurement(b) Existence(c) Rights and Obligations(d) CompletenessAnswer:(b) Existence Question […]

Posted in: ca intermediate notes ,
Tags: Audit of Assets and Liabilities , Audit of Financial Statements , Audit of Income and Expenses , Audit Procedures , Audit Techniques , Auditing Standards , Balance Sheet Audit , CA Inter Audit , Chartered Accountancy Audit Notes , Financial Audit , Profit and Loss Audit ,
Audit Documentation and Audit Evidence
31
May

Audit Documentation and Audit Evidence Question 1.Define audit documentation. Also give some examples.OrWrite short note on: Audit working papers Answer:Audit documentation:SA 230 “Audit Documentation” defines the term as “Record of audit procedures performed, relevant audit evidence obtained and the conclusions the auditor reached”. Examples of audit documentation:Audit documentation may be recorded on paper or on electronic […]

Posted in: ca intermediate notes ,
Tags: Audit Documentation , Audit Evidence , Audit Process , Audit Techniques , CA Inter Audit , Chartered Accountancy Audit Notes , Financial Audit , Reliability of Evidence , Sufficient and Appropriate Evidence , Types of Audit Evidence ,
Nature, Objective and Scope of Audit
31
May

Nature, Objective and Scope of Audit – CA Inter Auditing Notes Question 1.“An auditis independent examination of financial information of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an opinion thereon.”Explain stating clearly how the person conducting […]

Posted in: ca intermediate notes ,
Tags: Audit Evidence , Audit Process , Auditing Principles , CA Inter Audit , Chartered Accountancy Audit Notes , Financial Audit , Importance of Audit , Internal Audit , Nature of Audit , Objective of Audit , Role of Auditor , Scope of Audit , Statutory Audit , Transparency in Financial Reporting , Types of Audit ,
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