Auditing Question Paper 2011 (May)
COMMERCE (Old Course)
Course: (Auditing)
Time: 3 hours
The figures in the margin indicate full marks for the questions
(NEW COURSE)
Full Marks: 80
Pass Marks: 32
Or
What is an
audit natebook ? what purpose does it serve ? what are the contents of an
audit notebook ?
2.(a)what is
routine checking ? mention the
advantages of this checking.
(b) vouching
is the essence of an audit.” Discuss
this statement.
Or
What do you
mean by verification of assets ? How does it differ from valuation ? Refer to one
legal decision in respect of verification .
3.state clearly
the rights and duties of an
auditor of a company under the
Indian companies Act.
Or
What is the
procedure of transfer of shjare? Point
out the auditor’s duties in this
connection. Distinguish between transfer
and transmission of shares.
4.Discuss the
special points arising in the audit of a cooperative society.
Or
Distinguish
between audit and investigation.
Explain in detail the procedure for an investigation.
5.what do you
mean by qualified report ? under what
circumstances as an auditor of
a public company would you
qualify your report? Draft a
qualified report giving at least four
reasons.
Or
Distinguish
between financial audit and cost audit.what are the disadvantages of financial audit and advantages of cost audit ?