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Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. Discuss the main characteristics of Chief Executive in Parliamentary System.
  3. What is budget? Explain the function and importance of Budget.

[2]

  1. Do you agree with the statement 'Accounting is a necessity while auditing is a luxury for a business enterprise'? Give reasons for your opinion and examine critically the role of auditing in the efficient, honest, and economical conduct of a business concern.
  2. Explain the terms 'true' and 'fair' used in Auditor's report. Give the specimen of a clean audit report.
  3. How would you conduct the audit of a banking company? Explain.

[3]

  1. What are the problems of auditing in EDP environment?
  2. Write a short note on auditing techniques.
  3. What precautions should the auditor take while auditing supplier ledger and debtors ledger?

[4]

  1. Elucidate the statement: "Accounting starts when book-keeping ends and auditing starts when accounting ends." Explain the advantages that accrue from audit.
  2. Explain the terms "True and Fair" given by an auditor in his audit report.
  3. What do you mean by divisible projects and dividends in a company? Explain the procedure of completing audit of divisible projects and dividends in a company.

[5]

  1. Explain test checking as a tool of auditing.
  2. Accountancy begins where book-keeping ends and auditing begins where accountancy ends. Elucidate this statement and discuss the objectives and advantages of auditing.
  3. How is a company auditor appointed?

[6]

  1. What does auditing refer to in professional terms?
  2. For whom is auditing compulsory?
  3. What is the relevance of vouchers in auditing?

[7]

  1. Explain the significance of vouching as the backbone of auditing.
  2. What are the rules regarding the appointment of an auditor? Explain.
  3. How would you conduct the audit of an insurance company?

[8]

  1. Role of auditing in financial administration.
  2. Describe the main functions of District Administration.
  3. What is NITI Aayog? Explain its main objectives.

[9]

  1. By which committee Indian Parliament controls auditing of budget?
  2. Explain the role of auditing in Financial Administration.
  3. What do you understand by 'Bureaucracy'? In the context of India discuss its merits and demerits.

[10]

  1. What is the role of vouchers and verification in auditing?
  2. Explain the valuation and verification of assets during an audit.
  3. What does window-dressing imply in financial statements?

[11]

  1. Explain the meaning of auditing.
  2. What is the main objective of auditingfraud prevention or something else?
  3. What constitutes test checking in auditing, and what is its purpose?

[12]

  1. What is an audit programme?
  2. "Auditor works like a watch-dog not like a blood-hound." Explain this statement.
  3. In what circumstances would you consider necessary to issue a qualified report? Give a specimen of qualified report stating at least three reasons due to which you were bound to issue such a report.

[13]

  1. Explain the objects and advantages of auditing.
  2. What is the difference between verification and valuation of Assets?
  3. Discuss the rights, duties and liabilities of an auditor of a company.

[14]

  1. Explain the objects and advantages of Auditing.
  2. An auditor is a watch-dog but not a blood-hound.
  3. Discuss the various provisions of Companies Act as regard to appointment, duties and removal of an auditor in brief.

[15]

  1. What do you mean by Auditing?
  2. Accountancy starts where Book-keeping ends and auditing begins where accountancy ends. Explain this statement.
  3. Difference between general reserve and provisions.

[16]

  1. Define the main objects of Auditing.
  2. Explain the advantages of Auditing.
  3. Describe various points which you will keep into consideration while auditing accounts of an insurance company.

[17]

  1. Auditing begins where Accountancy ends. Explain. How does Accountancy differ from Auditing?
  2. Discuss the advantages of interim audit. What precautions should be taken while performing test checking?
  3. What is Audit Programme? What steps would you take before commencing the actual work of Audit of a business?

[18]

  1. What are the objects of Auditing?
  2. Accountancy is a necessity while auditing is a luxury for a business. Explain.
  3. What is Audit Note book?

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