Gauhati University Question Papers
AUDITING AND ASSURANCE (May-June’ 2013)
Full Marks: 80
Time Allowed: 3 hours
Answer either in
English or Assamese
The figures in the
margin indicate full marks for the questions
Answer
all questions:
1.
(A) Fill in the blanks with appropriate words: 1x5=5
a) _____
audit is compulsory for all companies incorporated under Companies Act, 1956.
b) Standard
on Auditing (SA) 200A issued by ICAI speaks about _____ requirements of the
auditors.
c) Statistical
sampling is also known as _____.
d) Vouching
is done with reference to a _____.
e) A
_____ audit report is submitted by the auditor when he is fully satisfied on
the examination of books of accounts.
(B)
State whether the following statements are ‘true’ or ‘false’: 1x5=5
a) Final
audit starts after the end of financial year.
b) Internal
check forms valuable part of internal control.
c) Test
checking can give accurate result.
d) Fixed
assets are to be valued at net realisable value.
e) The
auditor’s report is addressed to the shareholders of the company.
2.
Write the meaning of the following is about 30 words each: 2x5=10
a) Interim
audit.
b) Audit
Sampling.
c) Sampling
risk.
d) Vouching.
e) Audit
attestation.
3.
Write short note on any four of the following within 150 words each. 4x5=20
a) Continuous
audit.
b) Audit
documentation.
c) Statistical
sampling.
d) Test
checking.
e) Five
essentials of good audit report.
f) Five
points of distinction between vouching and verification.
4.
What are the different types of errors and frauds? Discuss the auditors’ duty
regarding detection and prevention of errors and frauds. 4+6=10
Or
Write note on: 5+5=10
a) Cost
audit.
b) Tax
audit.
5.
How would you vouch the following? 5+5=10
a) Collection
of book debts.
b) Bad
debts recovered.
Or
What are the objectives of verification of assets? What are
the factors to be considered for valuation of assets? 5+5=10
6.
What is meant by internal check? Discuss the advantages of internal check. 2+8=10
Or
Write note on: 5+5=10
a) Audit
working paper.
b) Audit
notebook.
7.
Discuss the facts to be mentioned in the Audit Report under Companies Act. 10
***
Post a Comment
Kindly give your valuable feedback to improve this website.