Page 62 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

700.7 SM21
The opinion section of the auditor’s report shall:
a) Identify the entity whose financial statements have been audited;
b) State that the financial statements have been audited;
c) Identify the title of each statement comprising the financial statements;
d) All of the above

700.8 N19M
Which of the following is not a Specific Evaluation by the Auditor:
a) The financial statements adequately disclose the significant accounting policies selected and
applied;
b) The accounting policies selected and applied are consistent with the applicable financial
reporting framework and are appropriate;
c) The accounting estimates made by management are reasonable;
d) The sufficient appropriate audit evidence has been obtained;

700.9 N22M

Which of the following is FALSE regarding UDIN? (Unique document identification number)
a) It is to be generated on UDIN portal.
b) Its basic objective is to help ICAI in keeping and maintaining an online registry of different
services provided by all of its members.
c) It has to be generated and stated for each audit report signed by a Chartered Accountant.
d) It has to be generated and stated for each certificate signed by a Chartered Accountant.

700.10 N23M
Which of following is not an element of audit report in accordance with SA 700?

a) Title
b) Addressee
c) Audit strategy
d) Auditor’s opinion

700.11 N23M
UDIN (Unique Document Identification Number) is required to be stated by practising Chartered

Accountant on: -
a) Each audit report only
b) Each audit report and each certificate
c) Each audit report issued under Companies Act, 2013 only
d) Each audit report issued under Companies Act, 2013 only and each certificate

700.12 SM23
While expressing an unmodified opinion on financial statements, the auditor shall not use which of
the following phrases?

a) present fairly in all material respects
b) give a true and fair view
c) with the foregoing explanation
d) All of the above

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