Search for Important Questions

Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. Describe the notable types of Line Agencies.
  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. Explain the terms 'true' and 'fair' used in Auditor's report. Give the specimen of a clean audit report.
  3. Write short notes on any two of the following: Social Audit, Verification of Assets, Appointment of a company auditor, Test checking, Internal check of wages payment.

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

[6]

  1. Describe the scope of auditing.
  2. What are the components of auditing standards?
  3. What does auditing refer to in professional terms?

[7]

  1. Explain the significance of vouching as the backbone of auditing.
  2. State briefly the essentials of a successful auditor.
  3. What is test checking? Explain its merits and demerits.

[8]

  1. Role of auditing in financial administration.
  2. Describe the main functions of District Administration.
  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. 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 the ceiling on the number of tax audits a tax auditor can take in a financial year?
  3. What is capital profit? How can it be utilized?

[11]

  1. Explain the meaning of auditing.
  2. What is auditing for a private companynecessity, prestige, or luxury?
  3. Why is auditing generally unnecessary for small sole trading businesses?

[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. Write short notes on the following: Social Audit, Statutory Audit, Tax Audit.

[14]

  1. Explain the objects and advantages of Auditing.
  2. Difference between Vouching and Routine Check.
  3. Write short notes on the following: Social Audit, Tax Audit, Cost 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. Discuss the advantages of interim audit. What precautions should be taken while performing test checking?

[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?

GKPAD.COM by SK Yadav | Disclaimer

free counter