Auditing Question Paper 2010 (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
Or
(b) discuss the essential
qualities which an auditor should possess. What steps would you take before
commencing the actual work of audit upon being appointed an auditor?
2. (a) what are the objects of
verification of assets and how far is an auditor responsible regarding their
valuation?
Or
(b) what is vouching? As an
auditor, how would you vouch the following?
(i) credit purchases
(ii) cash at bank
3. (a) referring to the
provisions of indian companiees act, 1956, write how auditor are apointed in
the follwing circumstances :
(i) appointment of first auditor
(ii) appointed at annual general
meeting
(iii) appointment by central
grverment
(iv) in case of casual vacancy
Or
(b) As an auditor of a limited
company, express your views as to the legality and consequences of the
following. In support refer to case laws:
(i) Payment of dividend out of
capital
(ii) payment of interest out of
capital
4.(a)Outline the points involved
in audit of an eductional institution.
Or
(b) what is investigation? What
special points should you bear in mind in carrying out an investigation on behalf of an individual
who wants to buy an existing business ?
(
c) what is a Statutory report ? Discuss auditor’s duty in this
connection.
Or
(d) What do you mean by
Management Audit? What are its objects? Discuss briefly its advantages and
disadvantages .