Page 15 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

300.8 SM21

a) the nature, timing, and extent of planed risk assessment procedure
b) The nature, timing, and extent of planned further audit procedures at the assertion level.
c) Other planned audit procedures that are required to be carried out so that the engagement
complies with SAs.
d) All of the above.

300.9 SM21/M23M

The overall audit strategy and the audit plan remain the ______ responsibility.
a) auditor's
b) management's
c) those charge with governance's
d) All of the above

300.10 M19M/SM21

With reference to SA 300, the auditor shall document:
a) The overall audit strategy
b) The audit plan
c) Any significant changes made during the audit engagement to the overall audit strategy or the
audit plan, and the reasons for such changes.
d) All of the above

300.11 M20M

The auditor shall update and change ______as necessary during the course of the audit.
a) overall strategy
b) the overall audit strategy and the audit plan
c) audit plan
d) audit program

300.12 SM21
. ………. sets the scope, timing & direction of the audit and guides the development of the more
detailed plan.

a) Audit Programme

b) Overall Audit Strategy
c) Completion Memorandum
d) Audit Plan

300.14 SM21
Statement 1: The establishment of the overall audit strategy and the detailed audit plan are not
necessarily discrete or sequential process but are closely inter-related.
Statement 2: The auditor shall establish an overall audit strategy that guides the development of
audit plan.

a) only Statement 1 is correct
b) Only Statement 2 is correct
c) Both Statements 1 & 2 are correct
d) Both Statements 1 & 2 are incorrect

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