
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

CA IPCC : Sample / Mock Test Paper (with Model Answers) - AUDITING & ASSURANCE Oct 2014

19 pages, 32 questions, 0 questions with responses, 0 total responses,

CA IPCC
Tilak Vidyalaya Higher Secondary School (TVHSS), Kallidaikurichi

+Fave Message

Profile Timeline Uploads Q & A

Home > ca_ipcc > F Also featured on: manish167

Formatting page ...

Test Series: October, 2014 MOCK TEST PAPER 2 INTERMEDIATE (IPC): GROUP II PAPER 6: AUDITING AND ASSURANCE Question No.1 is compulsory. Attempt any five questions from the remaining six questions. Time Allowed 3 Hours 1. Maximum Marks 100 (a) In performing an audit of financial statements, the auditor should have or obtain knowledge of the business. Explain in the light of SA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and (5 Marks) its Environment . (b) Explain with reference to the relevant Standard on Auditing- Events or Conditions that may cast doubt about Going Concern Assumption. (5 Marks) (c) Auditor of AAS Ltd. was unable to confirm the existence and valuation of imported goods lying with the transporter and accepted a certificate from the management without obtaining other audit evidence. Comment with reference to relevant SA. (5 Marks) (d) What are the factors that determine the extent of reliance that the auditor places on results of analytical procedures? Explain with reference to SA-520 on "Analytical Procedures . (5 Marks) 2. State with reason (in short) whether the following statements are correct or incorrect. (Answer any eight): (i) Balance confirmations from debtors/ creditors can only be obtained for balances standing in their accounts at the year-end. (ii) Assets purchased under hire-purchase system were reflected at their full value and the outstanding installments payable have been included under Sundry Creditors. (iii) Auditor has no right to access Minute Books of the Company. (iv) It is necessary to issue audit engagement letter each year for repetitive audits. (v) Permission of Central Government is not required, when the auditors are to be removed before the expiry of their term, but the same is needed when the auditors are changed after the expiry of his term. (vi) Share Premium can be used for Payment of Dividend. The Institute of Chartered Accountants of India

Formatting page ...

Tags : CA IPCC, sample / model / mock / past / previous / old / online test papers, Group I, Group II, accounting technician course, atc, accounts, accounting, business laws, ethics, communiation, cost accounts, cost accounting, financial management, fm, tax, taxation, advanced accounting, audit, auditing, assurance, itsm, it & sm, information technology, strategic management, Integrated Professional Competence Course, may, november, 2015, 2014, 2013, 2012, 2011, 2010, 2009.

ca_ipcc chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: