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Friday, February 15, 2019

Gauhati University Question Papers:AUDITING AND ASSURANCE (May-June’ 2014)

Gauhati University Question Papers
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. Answer as directed:                                   1x10=10

a)      Final audit starts after the end of financial year. (State whether the statement is True or False)
b)      Internal audit report is submitted to the _____. (Fill in the blank with appropriate word)
c)       Non-statistical sampling is also known as _____. (Fill in the blank with appropriate word)
d)      A voucher in evidence in writing. (State whether the statement is True or False)
e)      An audit report must have an appropriate title. (State whether the statement is True or False)
f)       Write one point of distinction between Frauds and Errors.
g)      Write the name of two important types of audit documents.
h)      Mention two tasks which are to be performed in routine checking.
i)        What is meant by valuation of assets?
j)        What is meant by Auditor’s Certificate?
2. Write the following in about 30 words each.                                   2x5=10
a)      Compensating Error.
b)      Meaning of Audit Risk.
c)       Meaning of Surprise Check.
d)      Two objectives of vouching.
e)      Meaning of Auditor’s Certificate of Utilisation of Fund.
3. Write any four of the following within 150 words each:                              5x4=20
a)      Statutory audit.
b)      Objectives of internal audit.
c)       Audit in depth.
d)      Vouching of Bad Debts recovered.
e)      Five points of difference between Audit Report and audit Certificate.
f)       Objectives of Audit Sampling.
g)      Sampling Methods.
4. Discuss the basic principles of audit.                                   10
Discuss the objectives of audit.                                             10
5. Write the meaning of Internal Control. Also discuss the objectives of internal control.                                10
Discuss the internal check system as regards Cash Receipts of a business.
6. Write the meaning of vouching? State the principles which are to be followed by an auditor while vouching.   10
How would you verify the following:                   5+5=10
a)      Stock in trade3.
b)      Trade Creditors.
7. Discuss the contents of an audit report.            10
Discuss different types of auditor’s certificates.                             10


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