Madurai Kamraj University (MKU) 2007 B.Com SE\emester - Question Paper

MADURAI KAMARAJ UNIVERSITY NOVEMBER 2007 exam

GROUP G-PRACTICAL AUDITIND

TIME: 3HOURS MAXIMUM: 100 MARKS

PART-A-(8x4=32)
ans any 8 ques..
ALL ques. carry equal marks.


1. What is fault of principle?
2. What is continuous audit?
3. What is an audit note book?
4. What is audit working paper?
5. What is internal audit?
6. What do you mean by evaluation of assets?
7. What do you mean by fraud?
8. What is base stock method?
9. What is bills payable?
10. What is criminal liability?
11. What is loan against personal security?
12. What is fixed assets?

PART-B-(2x16=32)
ans any 2 ques..
All ques. carry equal marks.

13. Illustrate the differences ranging from auditing and investigation.
14. What are the advantages of audit programme?
15. What are the objectives of internal check?
16. What are the duties of auditors with regards to wages?
17. How would you verify cash in hand?

PART-C-(2x16=32)
ans any 2 ques.
All ques. carry equal marks.

18. What is the extend of auditors liability for non detection of frauds?
19. What are the preparations to be done before the commencement of audit?
20. Describe the basic principles of valuing unsale stock in trade.

Earning:   Approval pending.