Auditing Important Questions, Dibrugarh University B. Com 6th Sem Hons CBCS Pattern

 Auditing Important Questions
Dibrugarh University B. Com 6th Sem Hons CBCS Pattern

Auditing Unit – 1: Introduction to Auditing (Part A)

Part A

Q. Explain the meaning of Auditing. What its objectives? Explain them fully.           2016, 2017

Q. What do you mean by continuous audit? How does it differ from periodical audit (2018SN)?What are its advantages and disadvantages?               2013, 2014SN, 2017, 2018SN

Q. “Auditing begins where accountancy end.” Explain this statement.

Q. Distinguish betweenAuditing and Accountancy.

Q. Explain the advantages and limitations of Audit.         2014, 2016SN, 2017SN, 2018

Q. Mention various classes of audit.

Q. Discuss the essential qualities which an auditor should possess. What steps would you take before commencing the actual work of audit of a company upon being appointed as an auditor? 2013, 2015, 2017,

Q. State the basic principles governing an audit.               2019

Part B

Q. What is an audit note book (2015SN, 2016SN, 2018SN)? 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.      2014SN, 2015, 2016, 2016SN, 2018

Q. Define internal control (2017SN), internal audit (2016SN) and internal check (2015SN) with their objectives and also distinguish between them.                2014

Q. What is Audit evidence? Explain the procedure to obtain audit evidence.      2017SN

Q. Write short notes on:

a)      Fraud and Errors                      2013, 2014, 2015

b)      Periodical Audit                       2015

c)       Audit working papers

d)      Essential elements of an effective internal control system   2019

e)      Audit Evidence                         2017

f)        Auditing in depth                    2015, 2018

g)      Audit sampling

h)      Internal check vs Internal audit vs Internal control

i) Scope of Auditing

Unit 2


Q. What is routine checking? What are its objectives. Mention its advantages and disadvantages. 

Q. Distinguish between vouching and routine checking (2013). 2014SN, 2016, 2019SN

Q. “Vouching is the essence of auditing.” Considering this statement, explain the meaning, advantages and limitations of vouching.                       2016, 2019

Q. Mention some important objectives of vouching and routine checking. Discuss the main points which must be taken care of while vouching the transactions (2013).                     2019

Q. How would you vouch the following?

a)      Cash sales and cash purchases           2018

b)      Credit Sales                                2017

c)       Credit purchase                        2015

d)      Expenses paid and income received

e)      Day book

f)        Bank account


Q. What do you mean by verification and valuation of assets? Distinguish between vouching, verification and valuation.                           2018SN, 2019

Q.What are the objectives of verification (2013) and valuation of assets? Discuss the auditor’s duty in regard to valuation and verification of assets.        2014

Q. How would you verify the following?

a)      Stock in trade                            2015, 2018

b)      Intangible assets      2016

c)       Live stocks                  2016      

d)      Leasehold property 2016

e)      Contingent liabilities             2017

Unit 3


Q. Who can be appointed and who cannot be appointed as an auditor of a company?   (Qualification and Disqualification of an auditor) 2019

Q. How an auditor is appointed (2014, 2018)? Explain the procedure for removal (2017SN) of auditor before and after the expiry of the term? 2019

Q. what are the rights, liabilities and duties of an auditor under the Companies Act, 2013? Explain them briefly.                          2013, 2015, 2016, 2019

Q. What are the special considerations involved in the audit of a company? 

Q. Discuss the duties of an auditor as regards audit of the share capital of a company.  2017, 2018

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. 2013, 2016, 2017SN, 2018


Q. What is divisible profit and dividend? What are its various sources? As an auditor, state the legal provisions relating to the payment of final dividend.         2013, 2014SN, 2018SN, 2019

Q. What are various types of reserves? Explain them including Secret Reserve. 2013

Q. Explain the procedure of transfer and transmission of shares. What are the auditor’s duties in this regard? 2019

Q. Write short notes In regard to auditor’s duty on:

a)      Managerial remuneration       2018, 2019

b)      Issue of shares

c)       Issue of Debentures

d)      Redemption of preference shares         2014

e)      Forfeiture and re-issue of forfeited shares             2014, 2017

f)        Bonus share                                 2015

g)      Share transfer                     2015, 2016

h)      Preliminary expenses             2017      

i) Reduction of Share Capital

Unit 4

Auditor’s Communication/Auditor’s report

Q. What do you mean by qualified report? Under what circumstances as an auditor of a company would you qualify the report? Draft a qualified report giving at least four reasons (2017).  2014, 2018SN

Q. What is statutory report? Mention the contents of Statutory Report. Explain auditor’s duties in this regard. 2019

Q. What are various types of audit report? Explain them briefly.             2015, 2017, 2018

Q. Explain the importance of Audit Report.                         2015, 2019

Q. Distinguish between Audit Report and Audit Certificate.

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