CA Inter Audit – Chapter 3 – Audit Documentation and Audit Evidence MCQs

Audit documentation may be recorded on which of these formats?

Audit documentation does not include which of the following?

The Auditor shall prepare audit document on which basis?

The Form, content and extent of audit documentation depends On?

What is defined as one or more folders or other storage media in physical or electonic form containing the record that comprise audit documentation for specific engagement?

Which standard of auditing represents Audit documentation

Audit Documentation refers to ?

Audit evidence includes?

What is an appropriate time limit within which the assembly of final audit file has to be done?

The retention period for audit engagements ordinarily is not shorter than ?

Which information is used by the auditor in arriving at the conclusions on which the auditor’s opinion is based

Which standard of auditing represents Audit Evidence.

The Factors Affecting Auditor’s Judgement As To Sufficiency Of Audit Evidence are

Standard on Quality Control (SQC) 1 provides that audit documentation is ______

Which procedures refers to the audit procedures performed to obtain an understanding of the entity and its environment, including the entity’s internal control, to identify and assess the risks of material misstatement,
whether due to fraud or error, at the financial statement
and assertion levels?

which may be defined as an audit procedure
designed to evaluate the operating effectiveness of controls
in preventing, or detecting and c correcting, material
misstatements at the assertion level.

what may be defined as an audit procedure designed to detect material misstatements at the assertion level.

which assertions are used by the auditor to consider the different types of
potential misstatements based on classes of transaction and events?

which assertions are used by the auditor to consider the different types of
potential misstatements based on Account balances

which assertions are used by the auditor to consider the different types of
potential misstatements based on presentation and disclosure

The measure of quantity of audit evidence is

The measure of quality of audit evidence is

what deals with the logical connection with the purpose of
the audit procedure and the assertion under consideration.

____ is used as audit evidence and is influenced by its source and its nature, and the circumstances under which it is obtained

Types of audit Evidence Depending upon nature are,

Types of audit Evidence Depending upon source are,

Which standard of auditing represents Written representations.

The Objective Of The Auditor Regarding Written Representation is,

The date of the written representations should not be of the auditor’s report on the financial statements.

The written representations shall be in the form of a representation letter addressed to

If the auditor has concerns about the competence, integrity, ethical
values or diligence of management, the auditor shall determine the
effect of such concerns on

Which standards of auditing represent AUDIT EVIDENCE- SPECIFIC
CONSIDERATIONS FOR SELECTED ITEMS

Which Standards of auditing represent EXTERNAL CONFIRMATIONS?

Audit evidence obtained as a direct written response to the
auditor from a third party in paper form, or by electronic or other medium is known as ?

A request that the confirming party respond directly to the auditor indicating whether the confirming party agrees or disagrees with the information in the request, or providing the requested information.

A failure of the confirming party to respond, or fully respond, to a positive confirmation request, or a confirmation request returned undelivered.

A request that the confirming party respond directly to the auditor only if the confirming party disagrees with the information provided in the request is known as ?.

A response that indicates a difference
between information requested to be confirmed, or
contained in the entity’s records, and information
provided by the confirming party. The exception
needs to be assessed to the entire population after
analyzing the reason for difference.

which among the following is not EXTERNAL CONFIRMATION PROCEDURES?

The objective of the auditor, when using external confirmation procedures is ________

which Standard of auditing represent initial audit engagement

Which Standard of auditing represent initial Related parties

Which Standard of auditing represent initial audit Subsequent events

Events occurring between the date of the financial statements and the date of the auditor’s report, and facts that become known to the auditor after the date of the auditor’s report.

The date of the end of the latest period covered by the financial statements

The date the auditor dated the report on the financial statements in accordance with SA 700.

The OBJECTIVES OF THE AUDITOR includes,

The AUDITOR’S OBLIGATIONS REGARDING SUBSEQUENT EVENTS are

The standards of Auditing represent GOING CONCERN is

Which deals with the auditor’s responsibilities
relating to subsequent events in an audit of financial statements.

General purpose financial statements are prepared using the going concern
basis of accounting, unless management either

SA 570 (Revised) on Going concern deals with

Example of records or documents that may provide information about related party relationships and transactions except _____

The auditor needs to obtain an understanding of the entity’s related party relationships and transactions sufficient to be able to conclude whether the financial statements, insofar as they are affected by those relationships and transactions

the auditor shall express a qualified opinion or an adverse opinion as appropriate in accordance with which SA?

If the auditor is unable to obtain sufficient appropriate audit evidence regarding the opening balances, the auditor shall express a qualified opinion or a disclaimer of opinion, as appropriate, in accordance with which SA?

If management refuses to allow the auditor to send a confirmation request, the auditor shall

The auditor may send an additional confirmation request when a reply to a previous request has not been received within a

The objective of the auditor, when using external confirmation procedures, is