Auditing and Ethics - May Rtp 2025 RTP

What kind of confirmation requests Rohit decided to send the debtors for verification of balances of trade receivables? (a) Negative confirmation. (b) Positive confirmation. (c) Exception letter. (d) Written Representation. Which sample selection methods has been opted by Rohit while verifying the loans and advances given by the company? (a) Interval Sampling. (b) Block Sampling. (c) Haphazard Sampling. (d) Monetary Unit Sampling. While verifying the inventory of the client company, which assertion is being verified by Mudit? (a) Cut Off…

CA Rocky is a recently qualified Chartered Accountant. He is appointed as an auditor of Sky Ltd. for the current Financial Year 2023-24. CA Rocky is of the view that he shall record all the matters related to audit i.e., audit procedures to be performed, audit evidence obtained 3 MAY 2025 EXAMINATION REVISION TEST PAPER INTERMEDIATE EXAMINATION and conclusions reached. Thus, he maintained a file and recorded each and every finding during the audit. His audit file, also includes audit…

XYZ Ltd., a manufacturing company based in India, operates multiple plants across the country and deals in complex machinery, which requires specialized maintenance and valuation expertise. XYZ Ltd. appointed CA Dhruv as Statutory auditor. During the audit, he observed that the management consistently applied the same method for valuation of inventory over the past few years, but this year, without proper disclosure, they switched to a different valuation method, which resulted in higher reported profits. Does such a matter fall…

ATL Pvt. Ltd., a leading manufacturing company, appointed CA Atul as an auditor for the year 2023-24. Given the complexity of the company's operations and the need for a systematic approach, he plans to design a detailed audit programme to ensure the accuracy of financial assertions. As a CA student, if you were assisting CA Atul in constructing this audit programme, what are the points you will keep in mind? Chapter 3 - Risk Assessment and Internal Control

In an automated environment, General IT controls are policies and procedures that relate to many applications and support the effective functioning of application controls. It includes access security as well as program change. What are the objectives and activities included in access security and program change? Chapter 4 - Audit Evidence

Grape Limited presented its financial statements for the F.Y. 2023-24 to its auditor for expressing an opinion thereon. The auditor while carrying out the audit started comparing various items of profit and loss account of the year under audit with previous financial years. What is auditor trying to achieve by carrying out those comparisons? 5 MAY 2025 EXAMINATION REVISION TEST PAPER INTERMEDIATE EXAMINATION Chapter 5 - Audit of Items of Financial Statements 13. CA Tripti is in midst of conducting…