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Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. Discuss the role of Public Administration in Welfare State.
  3. Discuss the main characteristics of Chief Executive in Parliamentary System.

[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. What are the rights and duties of a company auditor? Explain.
  3. Explain the terms 'true' and 'fair' used in Auditor's report. Give the specimen of a clean audit report.

[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. Distinguish between valuation and verification of assets.
  3. Draft a qualified audit report mentioning at least three qualifications.

[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. What do you mean by Audit Programme, Audit Working Papers and Audit Note Book? Explain each giving their advantages.

[6]

  1. When is vouching conducted during auditing?
  2. Describe compensating errors in auditing.
  3. What is the primary objective of auditing?

[7]

  1. Explain the significance of vouching as the backbone of auditing.
  2. State briefly the essentials of a successful auditor.
  3. Discuss the duties of an auditor of a company.

[8]

  1. Role of auditing in financial administration.
  2. Important elements of Policy formulation.
  3. How Central Budget is formulated and executed in India?

[9]

  1. By which committee Indian Parliament controls auditing of budget?
  2. Explain the role of auditing in Financial Administration.
  3. Discuss public participation in local administration.

[10]

  1. What is the role of vouchers and verification in auditing?
  2. Explain the concept of compensating errors in accounting.
  3. When was the first Chartered Accountant Act passed?

[11]

  1. Explain the meaning of auditing.
  2. What is the main objective of auditingfraud prevention or something else?
  3. What is the relation of verification and valuation in auditing?

[12]

  1. Can an auditor prevent errors and fraud?
  2. What is the difference between reserve and provision?
  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. Difference between General Reserve and Provisions.
  3. What is prospectus? How would you audit the same?

[14]

  1. Explain the objects and advantages of Auditing.
  2. Difference between Reserve and Provisions.
  3. What do you mean by continuous audit? Explain the merits and demerits of this type of audit.

[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. What is audit programme and how should it be prepared?

[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. What are the different types of Auditor's Report?
  3. What points are to be considered for audit of a University?

[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 the difference between Verification and Vouching?

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