Page 73 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs

GA.8 SM23
The audit of municipal corporation of a large metro city is in progress. Which of the following is not
likely an objective of such as audit?

a) To report on the adherence to legal and administrative requirements
b) To report on whether value is being fully received for money spent
c) To report on the weakness of systems of financial control
d) To provide better civic amenities to residents of metro city

GA.9 SM23
Consider following revenue sources of Union Government.
(P) Revenues from direct taxes
(Q) Revenues from Goods and Services Tax
(R) Revenue from Custom Duties
(S) Revenue from Excise Duties
Out of P, Q, R and S, which of the following flow to “Consolidated Fund of India”?

a) P, Q and R
b) P, Q and S
c) P and Q
d) P, Q, R and S

Part 3 - AUDIT OF DIFFERENT TYPES OF ENTITIES

ADE.1 SM21

While auditing a cinema hall, the auditor needs to verify that-
a) entrance to the cinema-hall during show is only through printed tickets
b) tickets are serially numbered and bound into books
c) that for advance booking a separate series of tickets is issued
d) All of the above

ADE.2 SM21/M22M
The Auditor of a Sole Proprietor Concern is appointed by
a) CAG
b) Bank
c) Sole Proprietor himself
d) District Administration

ADE.3 SM21
Every LLP would be required to file annual return in Form with ROC within 60 days of closer of
financial year :-

a) Form 11
b) Form 8
c) Form 9
d) Form DPIN

ADE.5 SM23
“Save Democracy” is an NGO working in cause of promoting democracy and democratic institutions
in many countries including India. Its Indian counterpart has received funds from a renowned
“Flower Trust” of US. As auditor of NGO, which of the following laws/orders would be relevant to
you in context of above information?

a) Income Tax Act, 1961
b) Foreign Contribution Regulation Act, 2010

www.auditguru.in 67 | P a g e