Page 33 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs
CHAPTER 4- AUDIT EVIDENCE

Part 01-SA 500

500.1 N19M/M19M/SM21/M21M/N21M/M23M/N23M
Audit evidence includes
a) information contained in the accounting records underlying the financial statements
b) both information contained in the accounting records underlying the financial statements and
other information.
c) other information.
d) information contained in the accounting records underlying the financial statements or other
information.

500.2 #Unique N19R/N19M/M22M
Audit evidence is necessary to support the auditor’s opinion and report. It is _____ in nature and is

primarily obtained from audit procedures performed during the course of the audit.
a) cumulative
b) regressive
c) selective
d) objective

500.4 SM21

Auditor's judgement as to sufficiency may be affected by which factor
a) Materiality
b) Risk of material misstatement
c) Size and characteristics of the population.
d) All of the above

500.5 #Unique M19M/N19M
Most of the auditor’s work in forming the auditor’s opinion consists of:
a) obtaining audit evidence.
b) evaluating audit evidence.
c) obtaining or evaluating audit evidence.
d) obtaining and evaluating audit evidence.

500.7 SM21
Which of the following is not an audit procedure to obtain audit evidence:
a) Inspection
b) Observation
c) External Confirmation
d) None of the above

500.8 M19M
Which of the following is incorrect:
a) Inquiry consists of seeking information of unknown persons, both financial and non- financial,
within the entity or outside the entity
b) Inquiry is used extensively throughout the audit in addition to other audit procedures.
c) Inquiries may range from formal written inquiries to informal oral inquiries. Evaluating
responses to inquiries is an integral part of the inquiry process

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