CA Final - AUDIT - Dec 21 Exams

Same Day Paper Analysis by CA Sarthak Jain

CHEERS!!!

88/88 Marks Questions Covered in our Books

Q P Section M Topic Books Reference
1 a SA 5 SA 240 Q42, Pg24 (Similar)
b SA 5 SA 402 Q48, Page84 (Similar)
c SA 4 Auditor's Report, SA 705 Page128, Q207 (SM Based Q)
Special Audit DC - Page 77, Q13,
2 a Special Audits 5 Risk Assessement & IC
Point7of DC
b Company Audit 5 Schedule 3 - Division 2 - General Instructions Brahmastra, Page 17
c Code of Ethics 4 Clause 7, Part 1, Schedule 2 Q157, Pg78,
3 a Special Audits 5 PSU - CAG Report Q20, Pg5
b Special Audits 5 Bank - Concurrent Audit - Forex Transactions Q27, Pg56
c Code of Ethics 4 Clause 9, Part 1, Schedule 1 Pg44, Q82
4 a Company Audit 5 Audit of CFS - Applicability - Investment Co. Q200 and 201, Pg 110
b Special Audits 5 Forensic Audit Process - Steps Q7 Pg 33 / Q11 Pg 34
c Special Audits 4 NBFC - 50:50 Test Based Practical Q Q5, Pg172 of MCQ booklet
5 a SA 5 SA 330 Pg 86 of SJ SM
b Special Audits 5 Automated Environment -CAAT (Data Analytics) Q5, Pg47
c Special Audits 4 LIC - Premium Pg 65 of DC
6 a Company Audit 5 AC & CG - Independent Director Limit Q186, Pg 102 (Based on this)
b Special Audits 5 Tax Audit - Clause 42 Pg 85 of DC
ESB - Clarifications on appointment of auditor of ex-
c-1 Code of Ethics 4 Q145, Pg72
director
c-2 Special Audits 4 Peer Reviewer - Responsibility of PU Pg 14 of DC
Total 88

CA FINAL AUDIT DEC 2021 MARKS DOWNLOAD

Special Audits 42 AUDIT Dec2021 by CA SJ
Exam Paper with answer key
SA 19 from fast.edu.in
(YT Analysis Coming Soon)
Company Audit 15
www.fast.edu.in
Ethics 12

TOTAL 88

CA FINAL AUDIT
DEC 2021 (New Course)
By CA Sarthak Jain

Page 1 - Analysis
Page 2 - Memory Based MCQ
Page3-9 - AUDIT Q. Paper
Page10-22 - Audit Answer Key
 CA FINAL – AUDIT – NEW COURSE
EXAM PAPER - DECEMBER 2021
CA. Sarthak Jain
MCQs – 30 Marks
(Memory Based)

1st 10 Marks
- SLR Compliance (Friday one…)
- SLR Value Computation
- NPA (Agriculture Advance)
- Reg. 17 & 17A of SEBI (No. of Independent Director)
- Effect of Merger

2nd 10 Marks (LODR)

- Right of Auditor to vote in AC Meeting
- AC & Risk Mgt. (No. of meeting)
- Remuneration to NED
- Mgt. Disclosure Analysis in Board Report (Auditor to Comment)
- Auditor to report (Future viability of company)

3 to 12 of 1 Mark each
3) Sec.148 Applicability

4) Auditor's Expert (Duty)

5) Insurance Co. (Auditor's limit on no. life and general ins. cos.)

6) Composition of QRB

7) Tax Audit (Applicability 5cr one…)

8) Fair Reporting Framework - Unacceptable - Auditor opinion / EOM / OM

9) Application, Middleware, Hardware, Network (Match the Columns with it's example)

10) Website Guidelines (Ethics)

11) PSU - Money Disbursement & Expenditure

12) NBFC - Features & Difference with bank (DICGC one…)

 CA FINAL AUDIT DEC21
NEW COURSE
DOWNLOAD FROM WWW.FAST.EDU.IN
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1.b.
1c
For direct answer refer ICAI material below:

2a
2b

2c - Ethics - Page 78
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3b

3c

4a
4b
4c

5a

5b
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6a
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6c - i

6c-ii