1. Objects of an Audit OR
Write Notes on Errors OR
Write Notes on Frauds.
2. What is Audit?
What are Advantages of Audit
3. What is Internal Control, Internal Check and Internal Audit?
4. Suggest Internal Check system for “Purchasesâ€
5. Write Distinction Between Statutory Auditor and Internal Auditor
6. Write Notes on Test Check
7. Write Notes on Audit Programme (The answer Includes Advantages and Disadvantages)
8. What is vouching (6marks)
9. How you as an Auditor Will vouch Foll Transactions:
- Travelling Expenses
- Royalty
- Underwriters Commission
- Income tax Refund
- Board Meeting Fees
(do all from text book)
10. What is Verification (6 Marks)
11. How you as an Auditor Will verify foll Assets:
- Stock in trade
- Plant and Machinery
- Sundry Debtors
- Investments
(do all from text book)
12. Distinction Between Vouching, Verification and Valuation
13. Write Notes on Capital and Revenue
14. Explain with reason whether the foll. Transactions are capital or revenue (do all transactions from text book)
15. What is Audit Report?
What is Audit Certificate?
Distinction Between Report and Certificate
16. Write Notes on Liability of Auditor
17. Reading of Ledger accounts (DO IT !!! FREE MARKS AT NO COST)
18. What are Provisions under Companys act regarding Appointment and Removal of the Auditor?
19. What are the Provisions under Companys act 1956 regarding Qualification and Disqualification of an auditor?
20. Write Short Notes on:
- Audit Note Book
- Working Papers
- True and Fair
- Contingent Liabilities
- Window Dressing
