Gauhati University Question Papers
AUDITING AND ASSURANCE (May-June’ 2017)
Full Marks: 80
Time Allowed: 3 hours
Answer either in
English or Assamese
The figures in the
margin indicate full marks for the questions
1.
(a) State whether the following statements are true or false: 1x5=5
1) Auditing
does not depend on According.
2) Auditing
is based on sampling technique.
3) Internal
audit is management function.
4) Test
checking and sampling can never give accurate result.
5) There
is no need of verification when vouching is completed.
(b) Answer the following: 1x5=5
1) What
is ‘surprise check’?
2) What
is Statutory Audit?
3) Write
the meaning of fraud.
4) What
is ‘audit attestation’?
5) Write
the meaning of “audit documents”.
2.
Answer the following in about 30 words each: 2x5=10
a) Audit
risk.
b) Objectives
of Audit Sampling.
c) Two
objectives of vouching.
d) Two
essentials of a good Audit Report.
e) Two
objectives of internal Audit.
3.
Answer any four of the following within 150 words each: 5+4=20
a) Write
a short note on Auditor’s duty regarding errors and frauds.
b) Write
short notes on Interim Audit.
c) Write
the procedure of vouching of payment to creditors.
d) Auditor’s
Certificates.
e) Compensating
error.
f) Write
a note on audit working paper.
g) Requirements
of audit sampling.
4.
Discuss the basic principles of audit. 10
Or
What is vouching? Write a note on principles of vouching. 10
5.
What is internal control? Also discuss the objectives of internal control. 10
Or
What is internal check system? Distinguish between internal
check and internal audit. 10
6.
Discuss the duties of an auditor with regard to verification and valuation of
fixed assets. 10
Or
What is Continuous audit? Discuss the types of business
where Continuous Audit is applicable. 10
7.
What do you mean by a “Qualified Report”? Give specimen of a qualified report
of a limited company. 10
Or
Write the essentials and importance of an audit report. 10
***
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