Multiple Choice Questions on Engagement and Quality Control Standards-Publication by ICAI
Engagement and Quality Control Standards are to be followed by Chartered Accountants in auditing, review, assurance and related engagements.
The ICAI has released a publication titled as “Multiple Choice Questions (MCQs) on Engagement and Quality Control Standards”
The publication released by ICAI consists around 1200 MCQs on each of the 46 Engagement and Quality Control Standards issued till 1st July 2020.
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- Unsigned document has no validity or veracity and cannot be a basis for levying penalty u/s 271DA – ITAT
- Non issue of notice u/s 143(2) for even belated ITR filed u/s 148 makes assessment void ab initio
- Calculation of functional disability depends on victim’s earning capacity in open market – SC
- Appeal against ITAT shall lie only before High Court within whose jurisdiction AO is situated
- SC recommends action against Customs Officer who relied upon AI generated fake case laws


