Auditor
Audit reporting and Companies Act questions
212 questions on Audit reporting and Companies Act for auditors, easiest first.
Easy 55
- What a clean opinion sayseasy
- Why audit work is documentedeasy
- Who are those charged with governanceeasy
- Reporting a significant control deficiencyeasy
- Appointing the statutory auditoreasy
- What CARO 2020 iseasy
- Audit trail in Indian accounting softwareeasy
- Which standard covers materialityeasy
- What the cut-off assertion meanseasy
- Sufficient versus appropriate evidenceeasy
- How much detail working papers needeasy
- Overall audit strategy versus audit planeasy
- Who owns quality on an auditeasy
- Documenting changes to the planeasy
- What to document about materialityeasy
- First section of the auditor’s reporteasy
- Who the statutory report is addressed toeasy
- Why an audit report carries a UDINeasy
- The word “independent” in the report titleeasy
- What the Basis for Opinion section stateseasy
- Going concern in management’s sectioneasy
- When an adverse opinion is giveneasy
- The phrase used in a qualified opinioneasy
- A small accounting departureeasy
- Which audits must report KAMseasy
- What counts as other informationeasy
- How a disclaimer is wordedeasy
- Reasonable assurance in the reporteasy
- Term of an auditor appointed at the AGMeasy
- Can a company be an auditoreasy
- Who fixes the statutory audit feeeasy
- Auditor at the general meetingeasy
- Deadline for the AGMeasy
- Who performs the secretarial auditeasy
- Auditor’s right to the bookseasy
- Companies outside CARO 2020easy
- Statutory auditor as cost auditoreasy
- Who recommends the auditor in a listed companyeasy
- Auditor of a government companyeasy
- Where Ind AS gets its legal forceeasy
- Qualifications read out to memberseasy
- Telling the board about going concern doubtseasy
- What the going concern basis assumeseasy
- A court case settled after the year endeasy
- Dividend proposed after the year endeasy
- Who gives the written representationseasy
- A representation without other evidenceeasy
- Main topics the auditor reports to the boardeasy
- Wording of a limited review conclusioneasy
- Deadlines for listed company resultseasy
- Ownership of audit working paperseasy
- Peer review certificate for listed auditseasy
- What the auditor gives before appointmenteasy
- Restructuring announced after the year endeasy
- Disclosing when accounts were approvedeasy
Medium 88
- Material but not pervasivemedium
- Customer bankrupt after year endmedium
- Emphasis of matter paragraphmedium
- Using an auditor’s expertmedium
- Responsibility in a group auditmedium
- Management will not sign the representation lettermedium
- Other matter paragraphmedium
- Reporting fraud under the Companies Actmedium
- Auditor rotation in Indiamedium
- Reperformance compared with recalculationmedium
- Relying on the company’s actuarymedium
- How quality management standards workmedium
- Engagement quality review requirementmedium
- What the engagement quality reviewer doesmedium
- Inspecting completed audit filesmedium
- An unusual accounting questionmedium
- Partner and reviewer disagreemedium
- Independence statement for a listed clientmedium
- Earliest date the report can carrymedium
- The meaning of pervasivemedium
- Quantifying the effect of a qualificationmedium
- An inventory overstatement above materialitymedium
- Using a KAM instead of a qualificationmedium
- A listed entity with no KAMsmedium
- Board’s report arrives after signingmedium
- Auditor’s conclusion on the other informationmedium
- What the opinion covers with corresponding figuresmedium
- Prior year audited by another firmmedium
- Comparatives that were never auditedmedium
- Comparative financial statements approachmedium
- Last year’s qualified matter now fixedmedium
- Moving auditor responsibilities to an appendixmedium
- Reporting on consolidated statementsmedium
- Which ethics code the report cites in Indiamedium
- Details under the auditor’s signaturemedium
- Signing before the board approvesmedium
- Required wording in an emphasis paragraphmedium
- Report on special purpose statementsmedium
- Auditing only one statementmedium
- Appointing the first auditor of a new companymedium
- Filling a vacancy after the auditor resignsmedium
- Auditor’s relative joins the client boardmedium
- Buying a mobile plan from a telecom clientmedium
- Removing the auditor before the term endsmedium
- Proposing a new auditor at the AGMmedium
- Matters the auditor inquires intomedium
- What section 143(3) does not askmedium
- Evidence for director disqualification reportingmedium
- What makes a control gap a material weaknessmedium
- Date the IFC opinion speaks tomedium
- Rule 11(a): pending litigationmedium
- Rule 11(b): long-term contracts and derivativesmedium
- Rule 11(f): dividend reportingmedium
- Reporting on directors’ remunerationmedium
- How long books must be keptmedium
- Filing accounts with the Registrarmedium
- CARO: property not in the company’s namemedium
- CARO: old unpaid statutory duesmedium
- CARO: reporting cash lossesmedium
- CARO: when the previous auditor resignedmedium
- Minimum period of management’s going concern reviewmedium
- A large loan due just after the review periodmedium
- Going concern basis used when it should not bemedium
- Board keeps delaying approvalmedium
- Testing a going concern cash flow forecastmedium
- Year-end stock sold at a loss in Aprilmedium
- Listed investments crash after the year endmedium
- Window for subsequent events proceduresmedium
- Amending statements after signing but before issuemedium
- Dating the representation lettermedium
- A representation that clashes with evidencemedium
- Periods covered by the representation lettermedium
- Examples of significant audit findingsmedium
- When communication must be in writingmedium
- What joint auditors share responsibility formedium
- Where the branch auditor’s report goesmedium
- Who reviews quarterly results of a listed companymedium
- Closing the audit file after signingmedium
- How long audit files are keptmedium
- UAE corporate tax and audited accountsmedium
- Who appoints the auditor of a UAE companymedium
- What a KAM description must explainmedium
- CARO: whistle-blower complaintsmedium
- CARO: unregistered lending businessmedium
- Telling the Registrar about the appointmentmedium
- Directions from the CAGmedium
- AGM ends without appointing an auditormedium
- Board’s reply to an audit qualificationmedium
Hard 69
- Going concern doubt that is disclosedhard
- When a disclaimer is issuedhard
- Services a statutory auditor cannot providehard
- How key audit matters are chosenhard
- An indicator of going concern doubthard
- Going concern uncertainty not disclosedhard
- A fact found after the report is issuedhard
- A fire after the year endhard
- Key audit matter vs emphasis of matterhard
- Appointed too late to see the counthard
- Last year’s qualification still unresolvedhard
- Reporting on internal financial controlshard
- A CARO 2020 reporting matterhard
- Directors’ report does not match the accountshard
- Former engagement partner as quality reviewerhard
- Fraud that involves the CFOhard
- Going concern at the planning stagehard
- Why component materiality is lowerhard
- Scope limitation proposed before acceptancehard
- Management blocks access during the audithard
- Several uncertainties with full evidencehard
- A qualified matter in the KAM sectionhard
- Where a going concern uncertainty is reportedhard
- Leaving a key audit matter outhard
- Board’s report states a wrong profit figurehard
- Last year’s error never correctedhard
- Key audit matters with a disclaimerhard
- Other KAMs when the opinion is adversehard
- Misstatements spread across the accountshard
- Extra schedules not required by the frameworkhard
- Walking away from a statutory audithard
- Subsidiary auditor qualifies its reporthard
- Restricting distribution of a reporthard
- Opinion on summary financial statementshard
- Counting audits towards the 20-company limithard
- A relative owns a few shareshard
- An auditor who owes the client moneyhard
- The retiring auditor’s written replyhard
- Tribunal finds the auditor acted fraudulentlyhard
- Private company exempt from IFC reportinghard
- Control weakness with corrected accountshard
- Rule 11(e): funds routed through intermediarieshard
- Electronic books backed up abroadhard
- Voluntarily revising past statementshard
- Is CARO 2020 applicable herehard
- CARO: stock statements to the bankhard
- CARO: short-term loans used for capexhard
- CARO: unspent CSR moneyhard
- CARO in the consolidated reporthard
- Which company audits NFRA overseeshard
- Management’s forecast stops too earlyhard
- Relying on a parent’s letter of supporthard
- Management will not assess going concernhard
- Statements on a liquidation basishard
- Warning signs but no material uncertaintyhard
- When dual dating is usedhard
- Fraud uncovered after the year endhard
- Decision to close down made after year endhard
- When representations cannot be trustedhard
- Uncorrected errors and the audit committeehard
- Joint auditors disagree on the opinionhard
- A component auditor who is not independenthard
- Adding to the file after it is closedhard
- CARO: can the company meet its liabilitieshard
- CARO: declared a wilful defaulterhard
- CAG supplementary audit timelinehard
- Reopening accounts on a Tribunal orderhard
- Naming the valuer in the audit reporthard
- Other Information section for an unlisted companyhard