Bharathiar University 2007 B.Com Auditing - I- - Question Paper

VI Semester B.Com, Examination, May/ June 2007

Auditing - I

Time : three Hours Max. Marks : 90

Instruction : Answers should be written completely either in English or in Kannada.

part - A

ans any 10 sub-questions. every sub-question carries two marks. (10 x 2=20)

1. a) describe ‘Voucher’.
b) provide two examples of collateral vouchers.
c) What does ‘Teeming and Lading’ mean ?
d) What is ‘Deferred Revenue Expenditure’ ?
e) describe ‘Depreciation’.
f) What is ‘Depletion / output Method’ and where is it generally used ?
g) What is Annuity Method of depreciation ? Where is it used?
h) Mention the kinds of duties of an Auditor of a company.
i) provide the meaning of ‘Divisible profits’.
j) provide the meaning of ‘Misfeasance’.
k) Expand i) SAPS ii) AAS.
l) describe ‘Management Audit’.

part - B

ans any 5 of the subsequent. every ques. carries five marks. (5x5=25)

2. ‘Vouching’ is the essence of an audit. Bring out its importance.

3. Mention the importance provisions connected with under-writing commission.

4. Enlist the important duties of an auditor in connection with ‘deferred revenue expenditure’.

5. discuss the objects of ‘Depreciation’.

6. Enlist the items usually included in ‘Preliminary expenses’.

7. What points does an auditor note while auditing the accounts of a banking company ?

8. discuss ‘AAS1’ regarding basic principles governing an audit.

9. discuss ‘management audit’ with reference to
a) its objectives and
b) its significance.

part - C

ans any 3 of the subsequent. every ques. carries 15 marks. (3x15=45)

10. What procedure should an auditor adopt in the course of vouching ?

11. elaborate the duties of an auditor in regard to the audit of ‘Depreciation’ ?

12. elaborate the ‘Rights and powers’ of an auditor of the company for effective discharge as regards
a) Access to books of accounts
b) Right to visit branches and
c) Right to be indemnified ?

13. explain fully the ‘civil liabilities’ of an auditor.

14. discuss the ‘statutory provision’ regarding ‘declaration and payment of dividend’.

Earning:   Approval pending.