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Auditguru.in
I am very happy to share that we are launching Full English Live Online Batch for CA Final Audit.
Watch this short video.
https://youtu.be/i9xNX7LfFgg
Link of google form, share your details to get call back from our admin.
https://bit.ly/3gY8pAN
Contact Admin on 9322011915 between 11am to 6pm.
Auditguru.in
Identify, which from the following risk is not the
component of risk of material misstatement:
component of risk of material misstatement:
Anonymous Quiz
62%
Sampling Risk
7%
Control Risk
15%
Inherent Risk
16%
None of the above
Letter of weakness shall clearly state that -
Anonymous Quiz
24%
internal control system has been considered for the purpose of expressing opinion on them.
55%
internal control system has been considered but not for the purpose of expressing opinion on them.
16%
considering internal control system and expressing an opinion on them is the main purpose of audit
5%
maintaining internal control system is responsibility of the auditor
Identify the type of risk:
Risk that internal control will not be able to
prevent, detect and correct material misstatement
Risk that internal control will not be able to
prevent, detect and correct material misstatement
Anonymous Quiz
9%
Sampling risk
44%
Control risk
35%
Inherent risk
12%
Detection risk
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182.4 KB
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Identify the type of risk:
Chances that conclusion obtained from
auditing the selected part of the population will differ from the conclusion obtained from auditing the entire population due to incorrect selections from population.
Chances that conclusion obtained from
auditing the selected part of the population will differ from the conclusion obtained from auditing the entire population due to incorrect selections from population.
Anonymous Quiz
84%
Sampling risk
4%
Control risk
5%
Inherent risk
6%
Detection risk
Choose the correct one:
Determining Key Audit Matter involves?
1. Making List of matters communicated to TCWG 2. Identify matters which need significant auditor's attention 3. Identification of item of most significance 4. Correct period item
Determining Key Audit Matter involves?
1. Making List of matters communicated to TCWG 2. Identify matters which need significant auditor's attention 3. Identification of item of most significance 4. Correct period item
Anonymous Quiz
17%
a) 1
18%
3 & 4
20%
1,2 & 4
45%
1,2,3 & 4
What kind of opinion will be given by auditor in
the following circumstances? Sufficient and appropriate audit evidence is not
available and it’s pervasive.
the following circumstances? Sufficient and appropriate audit evidence is not
available and it’s pervasive.
Anonymous Quiz
60%
Disclaimer of opinion
15%
Qualified opinion
24%
Adverse opinion
2%
Unmodified opinion