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Important Questions for "Auditing":

[1]

  1. Explain the importance of Auditing.
  2. Describe the notable types of Line Agencies.
  3. What is organisation? Explain the difference between Formal and Informal organisation.

[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 Vouching? How would you vouch the cash book? Explain.
  3. What are the rights and duties of a company auditor? Explain.

[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. Explain the terms "True and Fair" given by an auditor in his audit report.
  3. Distinguish between valuation and verification of assets.

[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. In the process of audit of accounts of a company you come to know that wages paid for installation of new machinery 18,000 have been debited in wages account and credited in bank account. Is this treatment correct to be allowed by the auditor?

[6]

  1. What is the difference between error and fraud in auditing?
  2. What does auditing refer to in professional terms?
  3. What are errors of omission in auditing?

[7]

  1. Explain the significance of vouching as the backbone of auditing.
  2. What are the objectives of verification of assets?
  3. What do you mean by divisible profit? What are the legal decisions regarding the distribution of profit?

[8]

  1. Role of auditing in financial administration.
  2. Explain the various types of Budget.
  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. 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. Explain the concept of compensating errors in accounting.

[11]

  1. What constitutes the technical knowledge of auditing?
  2. What constitutes test checking in auditing, and what is its purpose?
  3. What is the relation of verification and valuation in auditing?

[12]

  1. What is vouching? Explain its objects.
  2. "Auditor works like a watch-dog not like a blood-hound." Explain this statement.
  3. Write short notes on the following: Statutory audit, Cost audit, Tax audit.

[13]

  1. Explain the objects and advantages of auditing.
  2. An Auditor is a watch-dog but not a blood-hound.
  3. Write short notes on the following: Social Audit, Statutory Audit, Tax Audit.

[14]

  1. Explain the objects and advantages of Auditing.
  2. What is an Audit programme?
  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 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 is Audit Programme? What steps would you take before commencing the actual work of Audit of a business?
  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. Explain the objects and advantages of Cost Audit.

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