How was CA Final Audit Old Nov 2019 paper

1.Initial audit engagement is -- I forgot the answer. 2. Peer review for level 2 entities - review every 4 years 3. Matters included in EOM should not be included - in KAM. 4. SA 720- does not cover after the audit report events?? 5. As per 705 when should you not report under 701 as KAM- WHEN REPORT IS DISCLAIMED. 6. GSTR 9C NOT APPLICABLE- to registered person having turnover below 2 cr. 7. Bank deposits o/s for more than 12 months to be classified as?? 8. What procedure would auditor not take while verifying contingent liability? -- is it comfort letter or provision of frauds? 9. What is not basic element of internal control-- access control . 10 appointment of stat auditors of general insurance company and subsidiaries - and private insurance company -- by c&ag and shareholders at AGM I GUESS. 11. After being appointed for 10 years as auditor in a company? Cooling period of 5 years ? 

Internal Audit Question:- Answer should be Borrowing from bank exceeding 100 cr during preceding FY ( Option of Turnover 200 cr during Current Year was also there) But i Think Borrowing will be right answer.

Hull one - answer should be Marine.

CARO For private Company:- answer is Paid up+ free reserve not exceeds 1 cr. , borrowings not exceeding 1 cr and total revenue not exceeding 10 cr.

Originally posted by : yash shah
	Answer will be 50 cr paid up share capital Turnover cannot be there because it is of during the year and we have to check for preeceding year And borrowing also because in option they mention the wording as and when exceeds 100 cr but provision is at any point of time

Btw for Private Company there is no paid up capital provision for Internal Audit...

So answers should be Borrowing or Turnover

yes bro, its right. My ans 50cr

then options are wrong, in borrowing they give as and when