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Risk Assessment and Internal Control - Test 2

Group 2May 2027 attempt50 marks60 minutesNo negative marking
Marks
50
Time
60 minutes
Questions
25
Scenarios
16
Negative marking
None
Attempt
May 2027
Law basis
Standards on Auditing (SAs) issued by ICAI, Companies Act 2013 (Sections 139-148), Companies (Auditor's Report) Order 2020 (CARO 2020), and ICAI Code of Ethics (amendments up to 31 July 2025)
Content as of
2026-11-10

Chapters covered

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About this test

This chapter-wise practice test covers Chapter 3: Risk Assessment and Internal Control - Test 2 for CA Intermediate Group 2 students preparing for the May 2027 examination attempt. It carries 50 marks across 25 questions in case scenarios and standalone practical MCQs with a time limit of 60 minutes and no negative marking.

Questions people ask

What does this Chapter 3: Risk Assessment and Internal Control - Test 2 practice test cover?

This practice test carries 50 marks across 25 questions covering core statutory provisions, Standards on Auditing (SAs), audit procedures, reporting requirements, and professional ethics.

How many questions are there and what is the time limit?

There are 25 questions carrying 2 marks each, giving a maximum score of 50 marks in 60 minutes with no negative marking.

Which Standards on Auditing and statutory provisions are tested?

Questions strictly reflect the Standards on Auditing (SAs) issued by ICAI, the Companies Act 2013, CARO 2020, and the ICAI Code of Ethics following the official ICAI Study Material for Paper 5.

Is this test affiliated with ICAI?

No. This is an independent practice paper prepared for CA Intermediate students. It is not issued by or affiliated with ICAI.

Practice test by HeyArtha. Not issued by or affiliated with ICAI.