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Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. Define Public Administration and explain its importance.
  3. What is the meaning of Public Relation and why is it necessary?

[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 is the difference between Internal Control, Internal Check, and Internal Audit? Discuss the objects of internal audit.
  3. What do you mean by Audit Programme, Audit Working Papers, and Audit Notebook? Give their advantages.

[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. What are the qualities of an auditor?
  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. What is the difference between Internal Control, Internal Check and Internal Audit? Discuss the objectives of Internal Audit.

[6]

  1. When is vouching conducted during auditing?
  2. What is the relevance of vouchers in auditing?
  3. What are errors of omission 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. Discuss the duties of an auditor of a company.

[8]

  1. Role of auditing in financial administration.
  2. Discuss the significance of Public Administration.
  3. Critically examine POSDCORB view with reference to the scope of Public Administration.

[9]

  1. By which committee Indian Parliament controls auditing of budget?
  2. Explain the role of auditing in Financial Administration.
  3. In India which institution has been formed in place of Planning Commission?

[10]

  1. What is the role of vouchers and verification in auditing?
  2. Explain the concept of compensating errors in accounting.
  3. What are the types and objectives of management audit?

[11]

  1. Explain the meaning of auditing.
  2. Where does auditing begin in relation to accountancy?
  3. Why is auditing generally unnecessary for small sole trading businesses?

[12]

  1. What is an audit programme?
  2. Can an auditor prevent errors and fraud?
  3. Write short notes on the following: Statutory audit, Cost audit, Tax audit.

[13]

  1. Explain the objects and advantages of auditing.
  2. What is prospectus? How would you audit the same?
  3. Write short notes on the following: Social Audit, Statutory Audit, Tax Audit.

[14]

  1. Explain the objects and advantages of Auditing.
  2. What do you mean by continuous audit? Explain the merits and demerits of this type of audit.
  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. 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. Discuss the advantages of interim audit. What precautions should be taken while performing test checking?
  3. What is Cost Audit? Describe the provisions of Companies with regard to the Cost Audit.

[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 Test checking? What precautions should be undertaken while performing Test checking? Describe its advantages?

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