CA Inter & Foundation Sep 2026 Results — Awaited — expected late Oct/Nov. Date & how to check →

Mock Test

Simulate exam conditions

Questions

50

Time Limit

60 min

Chapters

All 11

Note: Questions are randomly selected. Timer starts when you click "Start Mock Test". You can submit early or let time run out.

Sample Questions: CA Inter Auditing

A preview of 8 questions from the 139-MCQ pool. Start the mock test above for a full randomized, timed exam.

1. Which of the following is not an advantage of audit?

A) It provides high quality financial information.
B) It acts as a moral check on employees.
C) It enhances risk of management bias. ✓
D) It helps in safeguarding interests of shareholders.

2. The audit plan is more detailed than the overall audit strategy.

A) Correct ✓
B) Incorrect

3. Inquiry alone is sufficient to test the operating effectiveness of controls.

A) Correct
B) Incorrect ✓

4. Analytical Procedures are required in the planning phase only.

A) Correct
B) Incorrect ✓

5. The securities premium account may only be applied by the Company towards the issue of unissued shares of the company to the members of the companyAUDIT OF ITEMS OF FINANCIAL STATEMENTS 5.121 as fully paid bonus shares.

A) Correct
B) Incorrect ✓

6. Which of the following is not an example of events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern?

A) Adverse key financial ratios
B) Inability to invest in modernisation of plant ✓
C) Inability to pay creditors on time
D) Inability to pay salary of staff Descriptive Questions

7. Expenditure incurred by the municipalities and corporations can be broadly classified under the following heads:

A) general administration and revenue collection,
B) public health, ✓
C) public safety,
D) education, (e) public works, and (f) others such as interest payments.

8. Which of the following statement is true regarding appointment of statutory branch auditor of a nationalized bank?

A) The appointment is made by bank acting through its board of directors with prior approval of Central govt.
B) The appointment is made by bank acting through its board of directors with prior approval of RBI ✓
C) The appointment is made by bank acting through its board of directors with prior approval of ICAI
D) The appointment is made by shareholders in AGM.
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