Page 14 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

CHAPTER 2 AUDIT STRATEGY, AUDIT PLANNING AND AUDIT PROGRAMME

Part 1-SA 300

300.1 SM21
Once the overall audit strategy has been established, can be developed to address the various
matters identified in the overall audit strategy, taking into account the need to achieve the audit
objectives through the efficient use of the auditor’s resources.
a) audit strategy
b) audit plan
c) audit plan and audit strategy
d) audit note book

300.2 M19M/SM21
When planning the audit,
a) the auditor considers what would make the financial information materially misstated.
b) the auditor need not consider what would make the financial information materially misstated.
c) the auditor need not consider what would make the financial information materially misstated
at planning stage
d) the auditor needs to consider what would make the financial information materially misstated
while conducting audit only

300.4 N19M

According to SA 300,
a) planning is not a continual and iterative phase of an audit, but rather a discrete process
b) planning is not a discrete phase of an audit, but rather a continual and iterative process
c) planning is not continual and iterative process
d) planning is not a discrete phase of an audit

300.5 N19M/SM21
Planning an audit involves
a) establishing the overall audit strategy for the engagement and developing an audit plan.
b) establishing the overall audit plan for the engagement and developing an audit strategy.
c) establishing the overall audit plan for the engagement
d) developing an audit strategy.

300.6 SM21
Planning is _______ process of an audit that often begins shortly after (or in connection with) the
completion of the previous audit and continues until the completion of the current audit
engagement:
a) continuous
b) discreet
c) neither continuous nor discreet

300.7 SM21
The audit plan is _______detailed than the overall audit strategy

a) Less
b) More
c) Equal

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