Calicut University 2009 B.Com Part III – XI : AUDITING - Question Paper

part – A
ans any ten ques.. every ques. carries two marks.
1. What is a clean audit report ?
2. What is a bonus share ?
3. describe investigation.
4. What is an Audit Note Book ?
5. What do you mean by Teeming and Lading ?
6. What is internal check ?
7. What is capital reserve ?
8. elaborate working papers ?
9. What is performance audit ?
10. What is problem of shares at premium ?
11. What is routine checking ?
12. describe audit report. (10×2=20 Marks)

part – B
ans any 8 ques.. every ques. carries five marks.
13. State the procedure for vouching purchase returns.
14. Suggest a suitable system of internal check for petty cash transactions.
15. Distinguish ranging from interim audit and internal audit.
16. State the duties of an auditor with regard to transmission of shares.
17. What is vouching ? elaborate its advantages ?
18. Examine the legal status of a company auditor.
19. Distinguish ranging from financial audit and cost audit.
20. discuss the vouching of sales ledger.
21. Mention the duties of an auditor as regards declaration and payment of interim
dividend.
22. Write a note on 'Audit' in depth.
23. State the objectives of Government Audit.
24. discuss the importance of Management Audit. (8×5=40 Marks)

part – C
ans any 2 ques.. every ques. carries 20 marks.
25. elaborate the advantages of an audit ? Briefly discuss the qualities of an Auditor.
26. discuss the vouching of petty cash book.
27. Suggest a suitable system of internal check as regards payments of cash.
28. What do you understand by evaluation of assets ? Distinguish ranging from verification
of assets and evaluation of assets. Mention the auditor's duty as regards evaluation of
assets. (2×20=40 Marks)

Earning:   Approval pending.