Auditing
Question Paper 2024 (May)
Dibrugarh
University BCOM 6th SEM CBCS Pattern
COMMERCE
(Core)
Paper:
C-613 (Auditing)
Full
Marks: 80 Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions.
1. (a) State whether the following statements are True or False: 1x4=4
i) Remuneration of internal auditor is
fixed by shareholders.
ii) Carbon copy of sales invoices is
an example of primary voucher.
iii) Under Section 5 of the Companies
Act, 2013, every company is required to have Articles of Association.
iv) CARO 2016 is applicable to the
banking companies also.
(b) Fill in the blanks with
appropriate words: 1x4=4
i) When financial transactions are examined
at the time of happening, it is called ________ audit.
ii) Preliminary expenses are of
________ nature.
iii) No company shall have more than
________ directors.
iv) Violation of any of the provisions
of Sections 139, 143, 144 and 145 of the Companies Act implies a fine which
shall not be less than ________.
2. Write short notes on (any four):
4x4=16
a) Statutory audit
b) Vouching of ledger
c) Branch auditor
d) Joint auditor
e) Features of a good audit report
3. (a) "An audit is not a
complete safeguard and insurance against all financial ills." Discuss. 14
Or
(b) Explain the different types of
audits conducted in a company. 14
4. (a) Discuss the advantages and
disadvantages of an internal check system. 14
Or
(b) What are the rights, duties, and
responsibilities of an auditor? Explain. 14
5. (a) What are the provisions of the
Companies Act, 2013 regarding the appointment of an auditor? 14
Or
(b) What is the difference between
auditing and investigation? Explain the objectives of auditing. 14
6. (a) What do you mean by vouching?
Explain the objectives and importance of vouching in auditing. 14
Or
(b) What are the characteristics of a
good audit report? Discuss the various types of audit reports. 14
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