Tiêu đề BRIDGE TEST 5 ans key 2.pdf ✅

CA INTER – AUDTING BRIDGE TEST SERIES TEST NO - 5 Visit us: www.dheeratests.com PART - A MCQ SOLUTION 1. Answer: B. Objectivity Explanation: Accepting gifts compromises the auditor’s independence and objectivity, whether or not judgment is actually influenced. 2. Answer: C. Integrity Explanation: She upheld honesty and acted in the public interest by reporting the manipulation, despite pressure. 3. Answer: D. Self-interest threat Explanation: Wanting to maintain client relations for future engagements reflects a self- interest threat. 4. Answer: A. Professional Competence and Due Care Explanation: Signing an audit report without completing essential audit procedures breaches the requirement to act diligently and competently. 5. Answer: C. Politely decline to maintain independence. Explanation: Gifts or hospitality that may influence objectivity must be declined to uphold professional ethics. 6. Answer: B. Opening balances and existence of prior period errors Explanation: SA 510 deals with obtaining sufficient appropriate audit evidence regarding opening balances in a first-time audit. 7. Answer: B. Analytical Procedures Explanation: As per SA 520, using ratios and trends to identify unusual fluctuations is a core analytical procedures.


DHEERA TEST SERIES Visit us: www.dheeratests.com 7. Evidence of management’s inability to oversee the preparation of the financial statements. 8. The auditor shall determine whether, on the basis of the audit work performed, the auditor has identified one or more deficiencies in internal control. The auditor shall communicate in writing significant deficiencies in internal control identified during the audit to those charged with governance on a timely basis. The auditor shall also communicate to management at an appropriate level of responsibility on a timely basis: - 1. In writing, significant deficiencies in internal control that the auditor has communicated or intends to communicate to those charged with governance, unless it would be inappropriate to communicate directly to management in the circumstances; and 2. Other deficiencies in internal control identified during the audit that have not been communicated to management by other parties and that, in the auditor’s professional judgment, are of sufficient importance to merit management’s attention. Award marks only if all the points Including the highlighted technical points are written correctly for each question. No marks for generic or Vague content as per ICAI. COMMON PITFALLS: Students Ignoring the part about auditor’s responsibility to communicate in writing. Students Repeating the case scenario verbatim without analysis or mapping to SA 265 points. Students Confusing SA 265 (communication of deficiencies) with SA 250 (laws and regulations) or SA 240 (fraud). (b) As per SA 210, “Agreeing the Terms of Audit Engagements”, a request from the entity for the auditor to change the terms of the audit engagement may result from a change in circumstances affecting the need for the service, a misunderstanding as to the nature of an audit as originally ——> 0.5M ——> 0.5M ——> 0.5M ——> 0.5M ——> 0.5M ——> 0.5M