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Kuvempu University 2010 B.Com Law and practice of auditing - Question Paper

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legal regulations AND PRACTICE OF AUDITING

DCC 240    Page No...l

Final Year B. Com., Degree Examination August / September 2010

DIRECTORATE OF CORRESPONDENCE COURSE

(Freshers)

COMMERCE LAW AND PRACTICE OF AUDITING

Time : 3 hrsj    [Max. Marks : 80

PART- A

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/. Answer any THREE of the following questions. 5 Marks each.    3X5 = 15

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1.    Write a note on Statutory Audit, ssslottab    eort I3if3 zodcSoO.

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2.    What is routine Checking?

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3.    State the types of Auditor report.

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4.    What is Audit note book?

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5.    What are divisible profits?

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PART - B

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//. Answer any TWO of the following questions. 10 Marks each.    2 X 10 = 20

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6.    Distinguish between internal check and internal Audit.

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7.    What is Audit programme? What are the advantages of Audit programme?

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8.    Explain different kinds of Resources.

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9.    Vouching is the back bone of Auditing Discuss.

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PART - C

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III. Answer any THREE of the following questions. 15 Marks cach. 3 X 15 = 45

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10.    Define Auditing? Explain the objectives of Audit.

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11.    What are the rights, duties & Liabalities of a company Auditor?

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12.    What is verification of Assets? How do you verify the following Assets?

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13.    What is investigation? What are the difference between Auditing and Investigation?

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14.    What is meant by continuous Audit? Explain its advantages & Disadvantages.

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