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Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. Write about the main tools of Legislative control over Public Administration.
  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. How is remuneration of an auditor fixed in a company? Explain the powers and duties of auditors in a company.
  3. Write short notes on: Test checking, Audit of Inventories in a Company, Bank Audit, Cost Audit, Basic Principles Governing an Audit.

[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. "An auditor is a watchdog and not a bloodhound." Explain this statement.

[6]

  1. What are the components of auditing standards?
  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 do you mean by vouching?
  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. Describe the main functions of District Administration.

[9]

  1. By which committee Indian Parliament controls auditing of budget?
  2. Explain the role of auditing in Financial Administration.
  3. What is the meaning of Administration?

[10]

  1. What is the role of vouchers and verification in auditing?
  2. What is the specified date under Tax Audit related to the relevant assessment year?
  3. Which reserves can be utilized to distribute dividends among shareholders?

[11]

  1. When was auditing of company accounts made compulsory in England?
  2. Where does auditing begin in relation to accountancy?
  3. What constitutes test checking in auditing, and what is its purpose?

[12]

  1. What is vouching? Explain its objects.
  2. "Auditor works like a watch-dog not like a blood-hound." Explain this statement.
  3. What is the difference between verification and valuation of assets? What points should be kept in mind while valuing different kinds of assets?

[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 Vouching and Routine Check.
  3. Difference between Reserve and Provisions.

[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 dividend? Explain the duties of an auditor in this regard. Can dividend be declared out of capital?

[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. Distinguish between Audit Report and certificate?

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