ECO-12

Bachelors Degree Programme (BDP)

Also for: B. Com (CA & A)

ASSIGNMENT 2011-12

Elective Course in Commerce ECO-12: ELEMENTS OF AUDITING

For July 2011 and January 2012 admission cycle

School of Management Studies Indira Gandhi National Open University Maidan Garhi, New Delhi-110 068

Elective Course in Commerce ECO-12: Elements of Auditing ASSIGNMENT 2011-12

Dear Students, As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this Course. Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term-end examination, it is compulsory for you to submit the assignment as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme Guide. This assignment is valid for two admission cycles (July 2011 and January 2012). The validity is given below: 1. 2. Those who are enrolled in July 2011, it is valid upto June 2012. Those who are enrolled in January 2012, it is valid upto December 2012.

You have to submit the assignment of all the courses to The Coordinator of your Study Centre. For appearing in June Term-end Examination, you must submit assignment to the Coordinator of your study centre latest by 30th April. Similarly for appearing in December Term-end Examination, you must submit assignments to the Coordinator of your study centre latest by 31st October.

Note : In case you receive the study material and assignments late, you can submit the assignment responses within one month after receiving the study material.

TUTOR MARKED ASSIGNMENT

Course Code Course Title Assignment Code Assignment Coverage : : : : ECO-12 Elements of Auditing ECO-12/TMA/2011-12 All Blocks Maximum Marks : 100 Attempt all the questions 1. Auditing begins where Accountancy ends. Discuss this statement. How does Accountancy differ from Auditing? (10, 10) Write Short note on the following: (i) Internal Cheek (ii) Internal Audit (iii) Internal Control (8, 6, 6) 3. How would you value the following: (i) Intangible Assets (ii) Investment (iii) Patents (iv) Goodwill

2.

(4 5)

4.

An auditor is a representative of shareholders and also an officer and an employee of a company. Do you agree? Discuss the rights and duties of an auditor. (10, 10) Distinguish between the following: (i) Clean & Qualified Report (ii) Auditors Report & Auditors Certificate. (10, 10)

5.