CAG SAS (Subordinate Audit / Accounts Service) Examination Practice Quiz

Question 1

A field party is engaged on the annual accounts of a state transport corporation. The approved objective is to state whether those accounts are prepared, in all material respects, in accordance with the applicable financial reporting framework. Which engagement objective is being described?

Accepted Answer

Obtain reasonable assurance and express an opinion on the financial statements

Question 2

An audit of a scholarship scheme supplies this criterion in the case: assistance is payable only to students whose family income is below the notified ceiling and who are enrolled in a recognised institution. The party is asked whether payments followed that criterion. Which objective fits?

Accepted Answer

Determine whether the subject matter complies with the stated authorities

Question 3

A performance audit of a rural drinking-water programme asks whether borewells were procured at appropriate cost and time, whether crews produced the planned number of functional sources from those resources, and whether households actually received safe water. Which statement best captures the objective?

Accepted Answer

Assess economy, efficiency and effectiveness of the intervention

Question 4

A grant audit asks the party to measure school attendance itself and report whether the programme met its attendance target. A second product only asks whether management's own assertion that the target was met is fairly stated. Which pairing is correct?

Accepted Answer

The first is direct reporting; the second is an attestation engagement

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