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MF0010 SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT

Q.1 General Audits are classified into independent audit, internal audit and government audit. Give a
brief introduction of general audit. Explain all the three types of audit covering all the important
things under each audit. Introduction of General audit Explanation of independent audit Explanation
of internal audit Explanation of Government audit

2 Internal Audit and External Audit There are similarities and dissimilarities between internal and
external audit. Explain the points that come under similarity Explain the points that come under
dissimilarity
A Explanation of similarity Explanation of dissimilarity

3 Explain the qualities of internal audit personnel.
A Explanation of qualities of an internal audit personnel

4 Planning is the key to an effective and efficient audit. Explain the importance of Internal Audit
Planning and factors to be considered in Internal Audit Planning.
A Explanation of importance of internal audit planning Explanation on factors to be considered in
internal audit planning 3 7 10

5 Internal check is an arrangement of staff duties whereby no one person is allowed to carry
through and record every aspects of a transaction. Write down the objectives of internal check with
an example. Explain the advantages of internal check. A Objectives of internal check with example
Advantages of internal check

6 Write short notes on : a) Accounting system and internal control b) Review and preliminary
evaluation of internal control c) Compliance procedures of internal control
A Explanation of accounting system and internal control Explanation of review and preliminary
evaluation Explanation of procedures of internal control
3
4
3
10
*A-Answer
Note Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
















MF0010 SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT