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Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. What is organisation? Explain the difference between Formal and Informal organisation.
  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. 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. Design a system of internal check for wages payments in a manufacturing company.
  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 are the rights and duties of an auditor of a company? Explain.

[6]

  1. What are the components of auditing standards?
  2. What does test checking involve in auditing?
  3. What is an error of principle in auditing?

[7]

  1. Explain the significance of vouching as the backbone of auditing.
  2. Describe the disadvantages of internal check.
  3. What is the difference between verification and valuation of assets?

[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. Examine the various achievements of 'Panchayati Raj' after 73rd constitutional amendment.

[10]

  1. What is the role of vouchers and verification in auditing?
  2. What is a clean auditor's report? How is it different from a qualified report?
  3. What are the types and objectives of management audit?

[11]

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

[12]

  1. What is vouching? Explain its objects.
  2. 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.
  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 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. Difference between Vouching and Routine Check.
  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 the object of verification of assets?

[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. Describe the advantages of continuous audit.
  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 Audit Note book?

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