Page 84 - CA Inter MCQ Book

CA RAVI TAORI CA INTER AUDIT MCQs
Part 3- SQC-1

SQC.1 SM23
Identify the most appropriate statement in context of SQC 1
a) Assembly of engagement files should be completed in not more than 60 days after date of
auditor’s report in case of audit engagements.
b) Engagement files should be completed before date of auditor’s report in case of audit
engagements.
c) Engagement files should be completed in not more than 60 days after completion of an
engagement.
d) Engagement files should be completed on date on which audit report is signed in case of audit
engagements.

Part 4-SA 220

220.9 M21M/M21R/N22M
In relation to completed engagements, procedures designed to provide evidence of compliance by

engagement teams with the firm’s quality control policies and procedures is known as :
(a) Monitoring
(b) Inspection
(c) Subsequent Audit procedures
(d) Compliance procedures

220.10 SM23
Identify the most appropriate statement: -
a) SA 220 applies at the level of firm.
b) SQC 1 is premised on the basis that firm is subject to SA 220.
c) SA 220 is premised on the basis that firm is subject to SQC 1.
d) SA 220 applies to all engagements.

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