Advanced Auditing, Assurance and Professional Ethics - September 2025

Munir & Co. is a practicing-chartered accountants’ firm having its Head Office at Mumbai. Mr. A, a dedicated and capable article assistant associated with Munir & Co. for the past three years, recently qualified as a Chartered Accountant. Recognizing his strong analytical skills, attention to detail, and in-depth understanding of audit, the firm inducted him as a Partner on 1% February, 2025. On joining the firm, he accepted his first assignment to act as an Engagement Quality Control Reviewer (EQCR)…

AJ Private Limited is a company involved in the business of textile 5 manufacturing and having its factory at NOIDA. The business of the company is spread across India. Due to the recent fire incidents, the local authority of NOIDA passed a regulation wherein it is compulsory for any organisation in its jurisdictional area to have a valid Fire No Objection Certificate (Fire NOC) issued by the regulatory authority. You are appointed as the statutory auditor of the company for…

Associates, Chartered Accountants are appointed as auditors 5 for consolidated financial statements of King Ltd. for financial year 2024-25. Pawn Ltd., Rook Ltd., Bishop Ltd. and Queen Ltd. are the subsidiaries of King Ltd. The consolidated financial statements consist of financial statements and financial information of these subsidiaries audited by other auditors. Such financial statements, financial information and auditor’s reports of subsidiaries have been furnished by management of King Ltd. to them. Following further information is also available in respect…

M/s. TZ and Associates are appointed as a statutory branch auditors of the Delhi Branch of ABC Bank Limited for the F.Y. 2024-25. CA T is | the engagement partner for this assignment. He is verifying the advances and has obtained the list of advances outstanding as on 31" March, 2025. | On sampling basis, he selected one account of Mr. X who has borrowed @ 1.00 crore in the form of housing loan in the year 2021-22. The account…

Gold Opportunities Fund is in the business of Mutual fund and has 5 prepared the financial statements for the F.Y. ended on 31" March 2025. These financial statements have been audited by M/s SH & Co., Chartered Accountants, and the audit report issued is unqualified. The company has also prepared a scheme wise summary of its financial performance for the stakeholders. The management of Gold Opportunities Fund further engages M/s SH & Co. to perform an engagement to report on…