cpd-1-c2-accounting-auditing-standards-mcqs

The six headings of CAG's C-2 syllabus, what the official texts say under each, the confusions to avoid under 0.25 negative marking, and four sample MCQs with answers.

CPD-I C-2 Accounting & Auditing Standards: MCQs with answers

The IA&AD Continuous Professional Development tests for SAS-passed AAOs and Sr. AOs: who may sit, the six papers, 50% per paper, 0.25 negative marking and the advance increment.

CAG CPD exam: eligibility, papers, increment benefit and 6 chances

Continuous Professional Development (CPD) tests of the Indian Audit and Accounts Department for SAS-passed Gazetted Group 'B' officers of Audit and A&E offices: three computer-based multiple-choice tests, CPD I, II and III, each of two papers of 2 hours and 100 marks. CPD I is C-1 Financial Management and C-2 Accounting and Auditing Principles & Standards; CPD II is C-3 Public Finance and C-4 General Principles of Economics; CPD III is C-5 General Studies & Current Economic Developments and C-6 Information Systems Audit. A candidate needs 50% in each paper, a paper passed is exempt from later sittings, there are six chances at each test, and qualifying a test earns one advance increment. Sr. AOs may take CPD I; AAOs after four years' continuous service in the grade.

CAG Continuous Professional Development (CPD) Examination

Four IGAS are notified, not three. Revise C-2 from the official texts.

What went into these seven pages

Paper C-2's six syllabus areas, on seven pages

CPD exam dates: check CAG's examination circulars

Seven-page revision kit for CAG CPD-I paper C-2, Accounting and Auditing Principles & Standards: CAG's Auditing Standards 2017, Ind AS, IGAS 1 to 4, IPSAS, the IAASB handbook and CAG's Guidelines on Data Analytics, with traps and 30 practice questions. Independent study site, not affiliated with CAG.

Paper C-2 on seven pages: CAG's Auditing Standards 2017 in one table and in detail, Ind AS, IGAS and IPSAS side by side, the four notified IGAS, the IAASB handbook, CAG's Guidelines on Data Analytics, 12 traps and 30 practice questions with a one-line reason for each answer.

CAG CPD-I C-2 Accounting & Auditing Principles and Standards — Revision Kit

All six C-2 documents, from the official texts.

A 7-day plan through the kit

Procurement from GFR 2017 Chapter 6 as amended up to 31 July 2024. Revise C-1 from the rule text.

Paper C-1's seven units, on seven pages

Seven-page revision kit for CAG CPD-I paper C-1, Financial Management: ratio analysis, funds and cash flow, time value of money, capital budgeting, capital structure and leverage, sources of finance, foreign exchange, GFR 2017 public procurement, the Indian Contract Act and the Arbitration Act, with traps and 20 practice questions. Independent study site, not affiliated with CAG.

Paper C-1 on seven pages: the most used ratios worked on one company, funds flow and cash flow, time value and rates of return, six capital budgeting methods on one project, capital rationing, leverage and capital structure, sources of finance in one table, foreign exchange and modes of payment, GFR 2017 procurement, the Contract and Arbitration Acts, eight traps and 20 practice questions with a one-line reason for each answer.

CAG CPD-I C-1 Financial Management — Revision Kit

All seven C-1 units, with every figure worked.

Two full C-2 mocks on the six areas the CAG syllabus lists

CAG CPD-I C-2 (Accounting and Auditing Principles & Standards) mock test: 2 full mocks of 100 questions in 2 hours on CAG Auditing Standards 2017, Ind AS, IGAS, IPSAS, ISAs and data analytics, every answer explained. 4 questions free.

Two full mocks for CPD-I paper C-2, Accounting and Auditing Principles & Standards: 100 questions in 120 minutes each, across the six areas the CAG syllabus lists (CAG's Auditing Standards 2017, the International Auditing Standards issued by IFAC, Ind AS, IGAS, IPSAS and CAG's Guidelines on Data Analytics). Every answer is explained from the standard and paragraph it rests on, and your result shows your score by standard and your time per question.

CAG Continuous Professional Development (CPD) Examination — Practice tests

Mock test

CAG CPD-I C-2 Accounting & Auditing Principles and Standards — Revision Kit

Mock test

CAG CPD-I C-1 Financial Management — Revision Kit

CPD-I bundle