Register Number : Name of the Candidate :

5428
B.Com. DEGREE EXAMINATION, 2010
( THIRD YEAR ) ( PART - IV ) ( PAPER - III )

310 / 710. AUDITING ( Common with B.Com. Accounting and Finance ) ( Including Lateral Entry and Double Degree ) December ] [ Time : 3 Hours Maximum : 100 Marks Answer any FIVE questions. All questions carry equal marks. ( 5 20 = 100 ) 1. Explain the principles of auditing. 2. An Auditor is a watch dog but not a blood hound- Discuss. Turn Over

2 3. Vouching is the backbone of auditing Comment. 4. Explain the verification and valuation of different kinds of assets. 5. Explain the civil and criminal liabilities of a company auditor. 6. Explain the rights, duties and responsibilities of an investigator. 7. Discuss the duties of an auditor in connection with the audit of forfeiture and reissue of share transactions. 8. Explain briefly the contents of an audit report. 9. D i f f e r e n t i a t e b e t w e e n d e p r e c i a t i o n a n d fluctuations in the value of assets. 10. What are the contents of an audit programme? What are its advantages? 1.

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