Model Questions in respect of Revised Syllabus of SAS Examination - w.e.f. Exam-2 of 2024

Sep 18, 2026

Model multiple-choice questions for the SAS Examination covering statistics, government audit concepts, and the CAG’s mandates. The set tests knowledge of dispersion, sampling error, central tendency under outliers, contingency fund implications, and CAG authority for regulations. It also includes questions on audit types, auditing standards, criteria, attestation engagement, SAI independence, reasonable assurance, conflict of interest, fraud identification, internal control roles, and assessment within audit processes.

LanguageEnglish

CategoryExam

FormatPDF

Pages116

Reading Time4 h 52 min

AccessFree to download

PC-2 (Government Audit)

Statistics and audit concepts

Audit and CAG’s mandate

Principles and standards of audit

Audit specialization

Audit process

PC-2 (Government Audit)

Executive summary and related passages

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Model Questions in respect of Revised Syllabus of SAS Examination
(w.e.f. Exam-2 of 2024) | | | PC-2 (Government Audit) 1. Which of the following statement in not true about statistics. I. It presents fact in a precise and definite form. II. It condenses data in few numerical measures. III. It finds relationship between different factors. IV. It helps auditors to find deviation to compliance criteria. 2. Which of the following cannot be used to find the dispersion in data: I. Mean II. Range III. Standard deviation IV. Mean deviation 3. Which of the following is sampling error? I. Sampling bias II. Difference between sample estimate and population parameter III. Non-response error IV. Data acquisition error 4. Data represented through a histogram can help in finding graphically the I. Mean II. Median III. Mode IV. All the above 5. If data has extreme values as outliers, which of the following will not be true representation of central tendency: I. Arithmetic mean II. Median III. Mode IV. All the above Audit and CAG’s mandate 6. The provision for the Contingency Fund of India results in: I. Absolving the executive from preparing the estimates of the expenditure II. Compelling the legislature to approve the expenditure III. Reducing the legislative control over the executive IV. Providing a safety-valve to tide over a crisis 7. Which section ofCAG’s (DPC) Act provides authority to make regulations: I. Section 22 II. Section 23 III. Section 24 IV. Section 25 8. Which of the following to true about entrustment of audit: I. All audits need to be entrusted to C&AG of India. II. No prior consultation with C&AG of India is required for entrustment of audit. III. C&AG of India can not propose entrustment of audit to itself IV. None of the above 9. Which of the following is a not type of audit of as per Audit regulations: I. Financial audit II. Audits which combine either all or some aspects of financial, compliance and performance audits III. Performance audits IV. Forensics audits Principles and standards of audit 10. As per CAG’s auditing standards 2017, ‘Public sector audits involve at least three separate parties……..The relationship between the parties should be viewed within the context of the specific arrangements for each type of audit.’ Which of the following isnot one the three parties: I. Auditors II. Responsible party III. Intended users IV. Subject matter experts 11. The criteria are the benchmarks used to evaluate the subject matter. Each audit shall have criteria suitable to the circumstances of that audit. In determining the suitability of criteria, which of the following may not be considered I. Relevance II. Completeness III. Reliability IV. Language 12. Which of the following statement is true about attestation engagement: I. Financial audit is not always attestation engagement. II. The responsible party measures the subject matter against the criteria and presents the subject matter information, on which the auditor provides a reasonable basis for expressing a conclusion. III. Auditor measures or evaluates the subject matter against the criteria. IV. Audit report needs to state the audit objectives and describe how they were addressed in the audit. 13. Which of the following is not the part of core principles of SAI Independence as per INTOSAI-P 10: I. Unrestricted access to information II. Impartial mode of appointment. III. The rights and obligation to report on their work IV. The existence of effective follow-up mechanisms on SAI recommendations. 14. Which of the following is true for Reasonable assurance: I. Reasonable assurance is absolute. II. Audit conclusion is expressed positively in Reasonable assurance. III. Audit risk is high for reasonable assurance. IV. Reasonable assurance is only for attestation engagement. 15. Which of the following i

FAQs

Which option cannot be used to find dispersion in data?

Mean is not used for finding dispersion; the dispersion is assessed using measures such as range, standard deviation, and mean deviation.

What does the Contingency Fund of India provide according to the questions?

It provides a safety-valve to tide over a crisis.

Which statement is not true about reasonable assurance?

Reasonable assurance is absolute is not true; reasonable assurance does not mean absolute assurance.

Sep 18, 2026

Uploaded by Ava Thompson