Loyola College B.B.A. Business Administration April 2012 Auditing Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

FIFTH SEMESTER – APRIL 2012

BU 5401 – AUDITING

 

 

 

Date : 30-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

Section A

Answer all the TEN questions. Each carries 2 marks:                                      (20 marks)

  1. State the Objects of audit.
  2. Explain Error of principle.
  3. What is Audit Note Book?
  4. What is vouching?
  5. What are the modes of valuation of Assets?
  6. Explain Routine check.
  7. State what is Statutory Audit?
  8. State the Qualification of a company auditor.
  9. Explain Auditor’s Right to visit branches.
  10. Explain the Auditor’s Duty to report to members.

 

Section B

Answer any FIVE questions. Each carries a maximum of 8 marks:          ( 40 marks)

 

  1. How is Independent Auditing different from Internal Auditing?
  2. Explain the different types of Errors? What steps are taken to locate them?
  3. What are the essential points to be noted in a valid voucher?
  4. How vouching should be done for ‘receipts from debtors’?
  5. Briefly describe a suitable internal check as to wages.
  6. What are the general principles of verification and valuation of assets?
  7. What are the types of Audit programme?
  8. Explain the meaning of “true and fair view” of Balance sheet.

 

Section C

Answer any TWO questions. Each carries a maximum of 20 marks:            (40 marks)

 

  1. Describe the procedure relating to vouching of (a) goods sent on consignment, b) goods on sales or return, c) purchase returns,(d) Sales return.
  2. How would you verify the following assets a).Copyright b) Plant and machinery c) Leasehold property d) Goodwill
  3. What are the provisions in the Companies Act for the appointment and removal of an auditor of a company?

 

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Loyola College B.A. Corporate & Secretaryship April 2007 Auditing Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

 

HO 14

B.A.  DEGREE EXAMINATION –CORPORATE

FIFTH SEMESTER – APRIL 2007

CR 5401AUDITING

 

 

Date & Time: 04/05/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

SECTION – A

ANSWER ALL THE QUESTIONS                                                                         (10×2=20)

 

  1. What is private audit?
  2. List down any four examples of contingent liabilities.
  3. What is audit notebook?
  4. Bring out the objects of vouching.
  5. Give any two differences between reserve and provision.
  6. What is meant by journal proper?
  7. Explain the types of audit programme.
  8. What do you understand by the term “sinking fund”?
  9. Write down the list of vouchers involved in purchase of building.
  10. Give any four examples of working paper.

SECTION – B

ANSWER ANY FIVE QUESTIONS:                                                          (5×8=40)

 

  1. Explain the objectives of an audit.
  2. What are the characteristics and limitations of internal control?
  3. Explain the term “capital reserve”. What are the duties of an auditor with regard to capital reserve?
  4. Distinguish between internal audit and statutory audit.
  5. What are the pros and cons of internal check system?
  6. Describe the auditor’s duty in connection with stock – in – trade.
  7. Write short notes on   a) working papers   b) Test checking.
  8. Discuss the points to be noted by an auditor while examining the vouchers.

SECTION – C

ANSWER ANY TWO QUESTIONS:                                                         (2×20=40)

  1. Explain the concept of internal check.  Describe the system of internal check as to wages and stores.
  2. Define “Auditing”.  What are the different classes of audit and explain any three in detail.
  3. How would you vouch the following:
  1. Capital expenditure
  2. Receipts from debtors
  3. Cash sales
  4. Credit purchases.

 

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