Part A
Q. Discuss the essential qualities which an auditor should possess.
What steps would you take before commencing the actual work of audit upon being
appointed as an auditor?
Part B
Q. What is an audit note book? What purpose does it serve? What are the
contents of audit note book?
Q. What is audit programme? What are the ways to plan an internal
audit? Discuss the advantages and disadvantages of audit programme.
Q. Define internal control, internal audit and internal check and also
distinguish between them.
Q. What is Audit evidence? Explain the procedure to obtain audit
evidence.
Q. Write short notes on:
Ø Audit
working papers
Ø Audit
sampling
Unit 2
Part A
Q. What is routine checking? Mention its advantages and disadvantages.
Also distinguish between vouching and routine checking.
Q. “Vouching is the essence of auditing.” Considering this statement,
explain the meaning, advantages and limitations of vouching.
Q. Mention some important objectives of vouching and routine checking.
Discuss the main points which must be taken care of while vouching the transactions.
Q. How would you vouch the following?
Ø Cash sales
and cash purchases
Ø Expenses
paid and income received
Ø Day book
Ø Bank account
Part B
Q. What do you mean by verification and valuation of assets?
Distinguish between them.
Q.What are the objectives of verification and valuation of assets?
Discuss the auditor’s duty in regard to valuation and verification of assets.
Q. How would you verify the following?
Ø Intangible
assets
Ø Live stocks
Ø Leasehold
property
Ø Contingent
liabilities
Unit 3
Part A
Q. What is dividend? As an auditor, state the legal provisions relating
to the payment of final dividend.
Part B
Q. Explain the procedure of issue of shares at a premium and at
discount under the provisions of the companies Act, 2013. Point out the
auditor’s duties in this connection.
Q. What are various types of reserves? Explain them including Secret Reserve.
Q. What are various types of reserves? Explain them including Secret Reserve.
Q. Explain the procedure of transfer and transmission of shares. What
are the auditor’s duties in this regard?
Q. Write short notes In regard to auditor’s duty on:
Ø Payment of dividend
out of capital
Ø Payment of
interest out of capital
Ø Issue of
shares
Ø Issue of
Debentures
Unit 4 (OLD COURSE ONLY)
Part A
Part B
Q. What are various characteristics of Investigation? What special
points should you bear in mind in carrying out an investigation on behalf of an
individual who wants to buy an existing business?
Unit 5 (UNIT 4 OF NEW COURSE)
Part A
Q. What are Various Types of Audit Report? Mention the contents of Statutory
Report. Explain auditor’s duties in this regard.
Q. What are various types of audit report? Explain them briefly.
Part B
Q. What do you mean by Cost? What are its objects? Discuss briefly its advantages and disadvantages.
Q. What do you mean by financial audit? What are its objects? Discuss
briefly its advantages and disadvantages.
Q. Distinguish between cost audit, management audit and financial
audit.
Q. Write short notes on:
Ø Proprietary
audit
Ø Efficiency
audit
Ø SSAP