Saturday, July 13, 2019

B.Com 3rd Year Question Papers (Distance): Auditing' 2018


2018
(July)
COMMERCE
Paper: 302
(Auditing)
Full Marks: 90
Time: 3 hours
The figures in the margin indicate full marks for the questions

1. (a) Explain the qualities of an auditor. Discuss the advantages of auditing from the point of view of different user groups.                                                                 6+8=14
Or
(b) What is the purpose of Internal Audit? State the differences between Internal Audit and Independent Audit.  4+10=14
2. (a) Explain the importance of Vouching. What are the importance points to be considered by an auditor while vouching? What are the duties of an auditor with reference to the vouching of payments?                                2+5+7=14
Or
(b) What are the differences between Vouching and Verification? Describe the duties of an auditor regarding valuation and verification of stock.                                              6+8=14
3. (a) Who can be an auditor of a company? Explain the various rights and duties of an auditor as per the provisions of Companies Act, 2013.                                                     4+10=14
Or
(b) Explain the meaning of the term ‘Divisible Profit’ and ‘Dividend’. What are the sources out of which dividends may be paid?                                                               6+8=14
4. (a) Discuss the various points to be considered by the auditor while auditing the accounts of a banking company.      14
Or
(b) What are the characteristics of Investigation? Explain the general procedure followed in an Investigation.                 6+8=14
5. (a) Describe the contents in an Ideal Audit Report. What are the circumstances in which an auditor may consider it necessary to write qualified audit report?                    8+6=14
Or
(b) What is Cost Audit? Explain the objects, advantages and disadvantages of Cost audit. 2+12=14
6. Write short notes on the following: (any four)                5x4=20
1)         Continuous Audit.
2)         Utility of Audit Programme.
3)         Transfer of shares.
4)         Errors of principle.
5)         Internal check system.
6)         Audit of an educational institution.

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