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Auditing- VI SEM BBA

 

VI SEMESTER BBA AUDITING (BBABMC 364/BBMBMC 364)

APRIL/MAY 2019

TIME: 3 HOURS                                                                                  MAX MARKS: 120

                                          

SECTION A

1.      Answer any ten of the following:                                                   (10 X 2 = 20)

a)      What do you mean by ‘Audit in Depth’?

b)      Who is an auditor?

c)      What is internal audit?

d)     Who are ‘Ghost workers’?

e)      What is internal control?

f)       Define Vouching.

g)      What do you mean by contingent assets?

h)      What is an Audit Report’?

i)        Give the meaning of misfeasance.

j)        What is Teeming and Lading”?

k)      What are ‘Distinctive Ticks’?

l)        Give the meaning of Collateral Voucher.

 

SECTION – B                                                                       (5×8=40)

Answer any five from the following

2)      What are the features of auditing?

3)      Explain the principles of good internal control.

4)      What are the contents of audit note book?

5)      What are the merits and demerits of continuous audit?

6)      Explain the vouching procedure of petty cash book entries.

7)      State the objectives of verification of assets.

8)      Write a note on the removal of a company auditor.

 

SECTION – C                                                                       (3×20=60)

Answer All the questions

9)      a) Define Auditing and explain its objectives. (2019, 2017, 2016, 2015)

 Or

            b) Explain the internal Check procedure for cash receipts and cash payments. (2019)

10)   a) Explain the verification and valuation of stock in trade and the auditor, Duties in relation thereto. (2019)

Or

b) What are the objectives of audit programme? Explain the advantages and disadvantages of audit programme.

11)   a) Explain the preparation before the commencement of an audit.

Or

b) Explain the rights and duties of a company auditor.

 

VI SEMESTER BBA AUDITING (BBMBMC 364)

APRIL/MAY 2018

TIME: 3 HOURS                                                                                  MAX MARKS: 120

 

SECTION A

1.      Answer any ten of the following:                                                   (10 X 2 = 20)

a)      What is Final Audit? (2018)

b)      What is Audit File? (2018)

c)      Give the meaning of Sample Checking

d)     What are Collateral Voucher

e)      What are ‘Distinctive Ticks’

f)       What is Teeming and Lading”?

g)      What is an External Audit?

h)      What is a Subsequent Auditor?

i)        Define Internal Check.

j)        What do you mean by “Auditor’s Lien”?

k)      What is verification?

l)        What are audit working papers?

SECTION B

Answer any five from the following                                                                 (5 X 8 = 40)

2.      Write a note on Statutory and Government Audit.

3.      Vouching is the essence of auditing criticise.

4.      State the merits and demerits of Interim Audit.

5.      State the objectives of verification of assets.

6.      Explain the procedure for appointment of a company auditor.

7.      Explain the principles of good internal control.

8.      Write a note on Audit Programme.

 

                SECTION – C                                                        (3×20=60)

Answer All the questions

9.      a) Explain the preparation before the commencement of an audit.

OR

b) Explain the internal check system as regards payment of wages and payment to creditors.

10.  a)  Explain the vouching of cash receipt transactions

OR

b) Explain the verification of the different types of assets of the company.

11. a) Explain the various liabilities of an auditor of a company. (2018)

Or

b) What do you mean by audit report? Explain the different types of reports that can be issued by the auditor of a company.

 

VI SEMESTER BBM AUDITING (BBMBMC 364)

APRIL/MAY 2017

TIME: 3 HOURS                                                                                  MAX MARKS: 120

 

SECTION A

1.      Answer any ten of the following:                                                       (10 X 2 = 20)

a)      What do you mean by ‘Audit in Depth’?

b)      Who is a first auditor?

c)      What is a Qualified Report?

d)     What is interim audit?

e)      Who are Ghost workers?

f)       What do you mean by ‘error of omission’? (2017)

g)      What do you mean by ‘Contingent Asset’? (2017)

h)      What is ‘misfeasance’?

i)        What is wasting asset?

j)        What are ‘distinctive ticks’?

k)      What is ethics in audit?

l)        What do you mean by internal check?

SECTION B

Answer any five from the following                                                                 (5 X 8 = 40)

2.      Explain the nature of auditing

3.      Write a note on Audit Programme.

4.      Explain briefly the types of assets for the purpose of valuation.

5.      What are the contents of audit note book?

6.      Distinguish between internal check and internal audit.

7.      Write a note on preparations before audit.

8.      Explain the importance of audit working papers.

 

                SECTION – C                                                     (3×20=60)

Answer All of the following questions

 

9.      Define Auditing and explain the objectives of auditing.

OR

Explain the rights and duties of a company auditor

10.  Explain the internal check procedure in respect of cash transactions (cash receipts and cash payments).

OR

What do you mean by verification of assets? What are the differences between verification and valuation? Explain the points to be borne in mind while verifying the Stock-in-trade.

11.  What are the Objectives of vouching? Explain the procedure of vouching cash book.

OR

What do you mean by audit report? Describe its Contents. What are the different types of audit reports that can be issued by an auditor?

 

VI SEMESTER BBM AUDITING (BBMBMC 364)

APRIL/MAY 2016

TIME: 3 HOURS                                                                                  MAX MARKS: 120

 

SECTION A

1.      Answer any ten of the following:                                                   (10 X 2 = 20)

a)      Define Vouching.

b)      What is a ‘Qualified Report’?

c)      What is internal audit?

d)     Who are ‘Ghost workers’?

e)      What do you mean by ‘Window Dressing’?

f)       What is a ‘Collateral Voucher’?

g)      Explain Errors of Commission.

h)      What is wasting asset?

i)        What is annual Audit?

j)        Who is an ‘Honorary Auditor’?

k)      What is interim audit?

l)        Who is a ‘professional auditor’?

 

SECTION B

Answer any five from the following                                                              (5 X 8 = 40)

2.      What are the contents of audit note book?

3.      Explain the principles of good internal control.

4.   Explain the vouching procedure for petty cash book items.

5.   Explain the importance of audit report.

6.   What are the merits and demerits of continuous audit?

7.   What are the liabilities of a company auditor?

8.   Write a note on preparations before audit.

 

SECTION – C                                                                    (3×20=60)

Answer All of the following questions

 

9.      Explain in detail objectives of auditing.

OR

Explain the internal check procedure for cash receipts and cash payments.

10.  Explain the different classes of assets for the purpose of valuation and state the mode of valuation of different kinds of assets.

OR

What are the objectives of audit programme? Explain the advantages and disadvantages of audit programme.

11.  How is the company auditor appointed? Explain the disqualification of a company auditor.

OR

Explain the rights and duties of a company auditor.



VI SEMESTER BBM AUDITING (BBMBMC 364)

APRIL/MAY 2015

TIME: 3 HOURS                                                                                  MAX MARKS: 120

 

SECTION A

1.      Answer any ten of the following:                                                   (10 X 2 = 20)

a)      What do you mean by ‘teaming and lading’?

b)      Define ‘cost audit’.

c)      Who is an ‘Honorary Auditor’?

d)      Who are ‘Ghost workers’?

e)      What is ‘audit in depth’?

f)       Give the meaning of Collateral Voucher?

g)      What are errors of principle?

h)      What is a ‘fraud’?

i)        What is an ‘audit programme’?

j)        What are ‘wasting assets’?

k)      What is test checking?

l)        What do you mean by ‘contingent liability’?

 

 

SECTION B

Answer any five from the following                                                           (5 X 8 = 40)

2.      Compare statutory audit with private audit.

3.      Write a note on liabilities of an auditor.

4.      Suggest a system of internal check as regards ‘wages’.

5.      What are the provisions with regard to the appointment of a company auditor?

6.      “Vouching is the essence of an audit” Explain.

7.      Explain the case “Leeds Estate Building and Investment Society Vs Shepherd.

8.      Explain the techniques of audit.

 

                SECTION – C                                             (3×20=60)

Answer All of the following questions

 

9.      Define Auditing. Explain its objectives and significance.

OR

Explain the preparation before and procedure of audit.

10.  What do you mean by internal check? Suggest a system of internal check with respect to cash transactions.

OR

Explain the verification of assets.  How does it differ from vouching? Explain the points to be borne in mind while verifying the Stock-in-trade.

11.  What are the rights and liabilities of a company auditor?

OR

Explain the essentials of a good system of internal check.

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