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    This document provides information about an examination for a degree in Commerce with specializations in CA, E-Commerce, Professional Accounting, or International Business. The examination includes a section on the Principles of Auditing. The section contains 10 multiple choice questions testing concepts in auditing such as the purpose of interim audits, an auditor's flexibility in developing audit procedures, statutory requirements for auditor appointment, the purpose of asset valuation, and causes of depreciation. It also contains two 5-mark questions asking students to define terms like continuous audit and importance of internal control systems, and explain objectives of vouching and audit program preparation.

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    principles of auditing 2017

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    This document provides information about an examination for a degree in Commerce with specializations in CA, E-Commerce, Professional Accounting, or International Business. The examination includes a section on the Principles of Auditing. The section contains 10 multiple choice questions testing concepts in auditing such as the purpose of interim audits, an auditor's flexibility in developing audit procedures, statutory requirements for auditor appointment, the purpose of asset valuation, and causes of depreciation. It also contains two 5-mark questions asking students to define terms like continuous audit and importance of internal control systems, and explain objectives of vouching and audit program preparation.

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    © All Rights Reserved
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    4 views4 pages

    Principles of Auditing 2017

    Uploaded by

    rajeshwarsaga
    This document provides information about an examination for a degree in Commerce with specializations in CA, E-Commerce, Professional Accounting, or International Business. The examination includes a section on the Principles of Auditing. The section contains 10 multiple choice questions testing concepts in auditing such as the purpose of interim audits, an auditor's flexibility in developing audit procedures, statutory requirements for auditor appointment, the purpose of asset valuation, and causes of depreciation. It also contains two 5-mark questions asking students to define terms like continuous audit and importance of internal control systems, and explain objectives of vouching and audit program preparation.

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    © All Rights Reserved
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    of 4

    Reg . No. : ·····• ................................. .

    Q.P . Cod e : [08 C 28/


    08 CC A 16/0 8 CEC 12/
    09 CP A 18/1 2 CIB 25]

    • andi date s adm itted from 200 8 onw ards )


    (for the-c .. .
    · DEGREE EXA MIN ATI ON, NO VEM BER 2017 .
    .com, .
    · Fou rth/ Fift h /Six th Sem este r

    . Part III - -ComJUerce I_ with CA / E~C omm erce /


    Professional Acc oun ting_/ Inte rnat iona l Bus ines s

    PRI NCI PLE S OF AU DIT ING

    e : Three }),ours Max imu m : 75 inar ks

    ~ (10 .x 1 = 10 mar ks)


    SECTION A-
    . (

    Ans wer ALL que stio ns: ·--

    Choose the corr ect ans ier :

    the fi , . - aud it is take n up· at the clos e of


    1nanc1al t ra d 1ng
    · · .od afte r · the
    Preparat. or peri
    10
    ~ of Bal anc e Sh_ e et. · .

    (a) Interim
    (b) Inte rna l
    (c)
    Statuto~y Peri 0dic al
    (d)
    .. =------
    T.IJI .No : 5C!62272

    €W'E~ ~ -f

    moo.ls (

    2. . . al~ows disc . . ·gbt of an auditor.


    developing and adoptin 1:et 1011 lo is I are t h e r1
    work . g any ch,, 1h~ (b) Qlaim remuneration
    r.i1 Re~ ~11.
    11, p
    •fl\ ,
    (a) Flexible 11
    (b) Fixed
    (g) ~ All the above
    ·nfornuition . (d)
    (c) Standar.dised (c)
    U
    Ca I ·. be . appointed with .in
    (d) Pred
    etet•ni · ditor can
    3. _ _ __,_.- -- . th in~i first· au . th of the registrat·ion of the
    is e majo.1 ~ IJlOD . .
    compliance of statutory requir concer11 r
    em ents i,1
    co[JlpanY · ·
    (a) Internal a_u dit (b) (b) Two
    Internal
    - Contrr1 (a) one
    {c) Internal check (d) (d) Six -
    External audit (c) · Three
    4. . is to ensure th at I real owners •of the
    - - are .the
    transactions are properly recorded in the ~
    accounts. company. ·

    (a) Internal check (b) Verification (a) Debentureholders -

    (c) Vouching · (d) Valuation (b) . Shar&}lolders_ _

    5. Asset valuation IS done by the - - (c) Debtors


    himself.
    {d) CreditQre
    (~) auditor (b) shareholder

    (d) creditor • · a~diting helps use to reduce


    (c) proprietor
    -.ual•w()rk. _
    6. Depreciation may be caused due to (a) •m__ll!II.I.U•lc
    , accoi (b) Internal
    (a) asset value , .Ch) i01prope1<
    (c) ~
    -- ductioH
    (c) obsolescence · (d) cost re (d) . Company ·
    2
    3044
    T,rll ,No: 111182212

    . - 40 roarks)
    SECTION .B - (5 x 5 :::: 2G (5 )(8 - '
    u
    , t
    i
    Answer ALL questions.
    111:\ l°k ~)
    c-
    ....,er A .
    At1D.,. '
    LL questions. ·
    ' .d .t
    . ..
    I'
    11. (a) What is continuous a udit? Li t b' ctives of au 1 .
    8 0 11 ate the o Je .
    and demerits. t it,~ EnuJXl61' . : . ·.
    Or (a). . Or . .
    . d't programme.
    . he advantag
    es of au .1
    (b) EXJJlaJ.Jl t .
    How will you prepare an audit Proo.
    . ti lalli, (b) . ·1ed note on : .
    12. (a) State the importance · of a a- d .' Write ·a deta1 . s .
    00
    c~ntrol system.' b \ll:t (a) Surprise check
    '
    (i) ' : .
    Or · (ii) . Test ~ he ckmg.· · ,·
    (b) Write the obj(fctives of vouching. . Or . . .
    · · · · • : · · , • f establishing
    b · rinc1p 1es o ·.
    13. (a) Bring en.it the major consideration; (b) Elucid~te t~e as1c p
    measuring depreciatio11. internal audit. . ·_ .. ·. ·

    Or , _th-~ ·d u t·.1es
    (a) Describe of · an auditor in a
    company.
    .(b) Discuss the methods of valuation of R$i,·
    .. Or
    14. (a) Describe the contents of au dI·t i·eport .
    (b) Discuss. the·any foU:r m~thods of ch~rging
    Or ·. deprec~at~on . . -
    appointn11,
    (b) Write a short note on th e
    first auditor in Cl;}.Se of co mp any. (a) 'Mention· the basic elements of auditor's
    repo~tl
    15. (a) W]iat is investigation?
    Or .
    . Or . (b) Write . ·abo t . , h . . . .
    (b)
    .. E Audit ill~·
    List out the advantages of - disqualifica ~ t e ·.q~alifi.cat_io~s and
    ~Qn,of J compa~y auditor.
    4, ~5
    . 3044
    \
    ,

    20. (a) Explain the objectives of investigation.


    Or
    (b) "'True_ and -Fair view" Elucidate 0
    point of .E -auditing ... .

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