SREE SARASWATHI THYAGARAJA COLLEGE (AUTONOMOUS), POLLACHI

DEPARTMENT OF COMMERCE (ABA)

I Cycle Test- January 2024
Auditing and Assurance

Class : III B.Com, CA ABA Course Code: 21BAB6EA0

Date : Time : 2 hrs.
Max Mark : 50

Part-A (6* 1= 6 marks) BT

Answer All Questions Level
1 _________is a systematic examination of the books and record or a business. K1
a) Auditing b) Vouching c) Verification d) Checking
2 This kind of audit is conducted generally between two annual audits. K1
a) Internal audit b) Interim audit c) Final audit d) Continous audit
3 ___________ refers to a process that is undertaken for a particular purpose with the K1
aim of ascertaining a fact or discovering the truth
a) Auditing b) Vouching c) Verification d) Checking
4 Before the work of audit is commenced, the auditor plans out the whole of audit K1
work is called______
a) Audit plan b) Audit note c) Audit risk d) Audit Programme
5 Internal auditor is appointed by K1
a) The management b) The shareholder
c) The government d) The statutory body
6 When the auditor is an employee of the organisartion being audited the audit is K1
classified as a ___________quality audit.
a) Internal b) External c) Compliance d) Both a & b

Part-B (4* 5= 20 marks) BT

Answer All Questions Level
7.a List out the nature of auditing.. K1
OR
b What are the limitations of auditing. K1
8.a Distinguish between auditing and accountancy. K1
OR
b Explain the types of errors. K1
9.a. Point out the objectives of auditing standanrds. K2
OR
b What are the objectives of audit planning. K2
10.a Differentiate between audit programme and audit planning. K2
OR
b Write short note on “audit working papers”. K2
 Part-C (3* 8= 24 marks) BT
Answer All Questions Level
11.a Descrinbe the objectives of an audit. K1
OR
b Explain the scope of auditing. K1
12.a Narrate the qualification of an auditor. K2
OR
b Differentiate between auditing and investigation. K2
13.a. Explain the advantages of audit programme. K2
OR
b Describe the importance of audit note book. K2