Gauhati University Question Papers
AUDITING AND ASSURANCE (May-June’ 2014)
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
Or
Discuss the objectives of audit. 10
5.
Write the meaning of Internal Control. Also discuss the objectives of internal
control. 10
Or
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
Or
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
Or
Discuss different types of auditor’s certificates. 10
***
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