Auditing Question Papers 2022
1. (a) Fill in the blanks: 1x4=4
(1) The auditor is accountable to the
_______.
(2) Routine checking is a total process of
accounting _______.
(3) A company can function within the limits
prescribed by the documents on the basis of which it has been _______.
(4) A report is nothing but a _______ of
facts.
(b) Write True or False: 1x4=4
(1) The auditor helps in preparation and
filing of tax returns of the firm.
(2) The verification of most of the assets is
based on personal opinion guided by sound judgement and well-established
practices.
(3) A company auditor is not an agent of the
shareholders.
(4) A qualified report means an audit report
which is clear.
2. Write short notes on any four of the
following: 4x4=16
(a) Internal control.
(b) Vouching of cashbook.
(c) Qualification of a company auditor.
(d) Removal of an auditor.
(e) Standard report.
3. (a) Define ‘auditing’. Discuss its
advantages and limitations. 2+6+6=14
Or
(b) What is ‘internal check’? What are its
objectives? Distinguish between internal check and internal audit. 2+5+7=14
4. (a) What is ‘routine checking’? Discuss
its advantages and limitations. 3+6+5=14
Or
(b) What do you understand by ‘verification’? How would you verify the following assets? 2+(4x3)=14
(1) Freehold property.
(2) Investment.
(3) Cash at Bank.
5. (a) Discuss about the different rights, duties and liabilities of
a company auditor. 5+5+4=14
Or
(b) How would you, as a company auditor, undertake audit of share capital
transactions? Discuss. 14
6. (a) What is ‘qualified report’? What are the grounds on which an
auditor may qualify his report? Give a specimen of a qualified report. 2+6+6=14
Or
(b) Describe the general considerations which an auditor has to keep
in mind while drafting his report. 14
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