CA Intermediate Auditing and Ethics - Audit of Items of Financial Statements MCQ tests

Chapter-wise practice tests for Chapter 5: Audit of Items of Financial Statements of CA Intermediate Paper 5 Auditing and Ethics. Covers substantive procedures and assertion testing for Share Capital, Reserves, Borrowings, Trade Payables, Provisions, PPE, CWIP, Inventories, Trade Receivables, and Statement of Profit and Loss.

Tests here: 5 tests, 125 questions in all, 25 questions in 16 case scenarios in each test, 60 minutes and 50 marks each, no negative marking. After you submit you see your score, a chapter-wise and difficulty-wise breakdown, and an explanation for every question.

Law and standards used: 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).

Each test contains 25 questions (3 case scenarios of 4 questions each plus standalone scenario/practical MCQs) totaling 50 marks in 60 minutes, strictly based on ICAI New Scheme case scenario patterns with 2 marks per question and no negative marking.

The questions follow the official ICAI Study Material for CA Intermediate Paper 5 Auditing and Ethics, fully aligned with applicable Standards on Auditing (SAs), the Companies Act 2013 (Sections 139-148), CARO 2020, and the ICAI Code of Ethics for the 2027 examination sessions.

Yes. Practice mode gives immediate answers with detailed statutory citations and traps explained after every question. Exam mode simulates strict exam conditions with timer and issues a downloadable performance certificate upon submission.