Loyola College Auditing Question Papers
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)
- State the Objects of audit.
- Explain Error of principle.
- What is Audit Note Book?
- What is vouching?
- What are the modes of valuation of Assets?
- Explain Routine check.
- State what is Statutory Audit?
- State the Qualification of a company auditor.
- Explain Auditor’s Right to visit branches.
- Explain the Auditor’s Duty to report to members.
Section B
Answer any FIVE questions. Each carries a maximum of 8 marks: ( 40 marks)
- How is Independent Auditing different from Internal Auditing?
- Explain the different types of Errors? What steps are taken to locate them?
- What are the essential points to be noted in a valid voucher?
- How vouching should be done for ‘receipts from debtors’?
- Briefly describe a suitable internal check as to wages.
- What are the general principles of verification and valuation of assets?
- What are the types of Audit programme?
- 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)
- Describe the procedure relating to vouching of (a) goods sent on consignment, b) goods on sales or return, c) purchase returns,(d) Sales return.
- How would you verify the following assets a).Copyright b) Plant and machinery c) Leasehold property d) Goodwill
- What are the provisions in the Companies Act for the appointment and removal of an auditor of a company?
Loyola College B.A. Corporate & Secretaryship April 2007 Auditing Question Paper PDF Download
LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
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B.A. DEGREE EXAMINATION –CORPORATE
FIFTH SEMESTER – APRIL 2007
CR 5401 – AUDITING
Date & Time: 04/05/2007 / 1:00 – 4:00 Dept. No. Max. : 100 Marks
SECTION – A
ANSWER ALL THE QUESTIONS (10×2=20)
- What is private audit?
- List down any four examples of contingent liabilities.
- What is audit notebook?
- Bring out the objects of vouching.
- Give any two differences between reserve and provision.
- What is meant by journal proper?
- Explain the types of audit programme.
- What do you understand by the term “sinking fund”?
- Write down the list of vouchers involved in purchase of building.
- Give any four examples of working paper.
SECTION – B
ANSWER ANY FIVE QUESTIONS: (5×8=40)
- Explain the objectives of an audit.
- What are the characteristics and limitations of internal control?
- Explain the term “capital reserve”. What are the duties of an auditor with regard to capital reserve?
- Distinguish between internal audit and statutory audit.
- What are the pros and cons of internal check system?
- Describe the auditor’s duty in connection with stock – in – trade.
- Write short notes on a) working papers b) Test checking.
- Discuss the points to be noted by an auditor while examining the vouchers.
SECTION – C
ANSWER ANY TWO QUESTIONS: (2×20=40)
- Explain the concept of internal check. Describe the system of internal check as to wages and stores.
- Define “Auditing”. What are the different classes of audit and explain any three in detail.
- How would you vouch the following:
- Capital expenditure
- Receipts from debtors
- Cash sales
- Credit purchases.
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