Auditing Question Paper 2013 (May)
COMMERCE (Old Course)
Course: (Auditing)
Time: 3 hours
The figures in the margin indicate full marks for the questions
(NEW COURSE)
Full Marks: 70
Pass Marks: 28
1. (a) What do you mean by Continuous audit? How does it differ
from periodical audit? What are its disadvantages? 4+4+6=14
Or
(b) Define Internal Check and discuss the procedures to be adopted
in regard to internal checking of cash sales. 4+10=14
2. (a) (i) “Vouching is the essence of an audit.” Discuss the
statement. 6
(ii) what is routine checking?
Mention the advantages of his checking. 4+4=8
Or
(b) “An auditor is not a valuer, yet he is intimately connected
with the valuations.” In the light of the above statement, discuss the duties
of an auditor with the valuation of assets. 14
3. (a) State clearly the rights and duties of an auditor of a
company under the Indian Companies Act.
Or
(b) What is dividend? As an auditor, state the legal provisions
relating to the payment of final dividend. 5+9=14
4. (a) Outline the points involved in audit of an education
institution. 14
Or
(b) Mention the differences between audit and investigation. Explain
in detail the procedure for an investigation. 7+7=14
5. (a) What do you mean by Qualified report? Under what
circumstances as an auditor of a public limited company would you qualify your
report? Draft a qualified report giving at least four reasons. 2+4+8=14
Or
(b) Distinguish between management audit and cost
audit. What are the advantages of cost audit and disadvantages of management
audit? 6+4+4=14
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