Auditor question bank
100 questions. Filter by level and skill, track what you've solved, and see how many people get each one right.
- The audit risk model
- What materiality means
- Evidence that receivables exist
- One person doing everything
- What a clean opinion says
- The fraud triangle
- Why audit work is documented
- Statutory audit vs internal audit
- The auditor’s overall objective
- Why assurance is not absolute
- Professional skepticism in action
- Why an engagement letter is signed
- What vouching means
- Inspecting a machine
- Re-doing the depreciation maths
- What analytical procedures are
- Written representations
- Type of control: bank reconciliation
- Test of controls or substantive test
- Most reliable evidence
- Clearly trivial threshold
- Who are those charged with governance
- Reporting a significant control deficiency
- Appointing the statutory auditor
- What CARO 2020 is
- Payroll fraud warning sign
- Lapping fraud
- Positive vs negative confirmations
- Why the auditor attends the count
- What a walkthrough is
- Audit trail in Indian accounting software
- Audit partner owns client shares
- Auditing books your firm prepared
- Which standard covers materiality
- Working out performance materiality
- Calculating acceptable detection risk
- Direction of testing for completeness
- Finding unrecorded liabilities
- Sampling interval in MUS
- Material but not pervasive
- Customer bankrupt after year end
- Emphasis of matter paragraph
- Purpose of performance materiality
- Materiality for sensitive items
- Tolerable misstatement in sampling
- Using stratification
- What makes sampling statistical
- What increases sample size
- No reply to a positive confirmation
- Bank confirmation process
- Gross margin jumps unexpectedly
- Payroll analytical procedure
- Using an auditor’s expert
- Relying on internal audit
- Responsibility in a group audit
- Management will not sign the representation letter
- Finding undisclosed related parties
- Opening balances in a first-year audit
- Other matter paragraph
- Spotting an IT general control
- Compensating for limited staff
- Which misstatements to accumulate
- Direction of an inventory test count
- Proof in total for depreciation
- Too many control deviations
- Reporting fraud under the Companies Act
- Auditor rotation in India
- Auditing slow-moving inventory
- Projecting a misstatement in MUS
- Going concern doubt that is disclosed
- A fraud risk that is always present
- When a disclaimer is issued
- Services a statutory auditor cannot provide
- How key audit matters are chosen
- Small misstatements that add up
- A sales cut-off problem
- Sample size in monetary unit sampling
- Error in an item above the interval
- Projected misstatement above tolerable
- An indicator of going concern doubt
- Going concern uncertainty not disclosed
- Required responses to management override
- An undisclosed related party purchase
- A fact found after the report is issued
- A fire after the year end
- Key audit matter vs emphasis of matter
- Appointed too late to see the count
- Last year’s qualification still unresolved
- The more dangerous sampling risk
- Sales spike then credit notes
- Benford’s law in audit analytics
- Reporting on internal financial controls
- A CARO 2020 reporting matter
- Signs of bias in estimates
- Input tax credit above GSTR-2B
- Responding to a significant risk
- Interest expense reasonableness test
- Misstatement on an estimate
- Directors’ report does not match the accounts
- Purpose of an engagement quality review