University of Allahabad 2010 B.Com , (part II), Auditing - Question Paper

B.Com. (Part-II)
Examination, 2010
(Group D)
Auditing
Paper : Eight
Time Allowed : 3 Hours] [Maximum Marks :100
Note : This paper is divided into 2 parts-'A' & 'B'. ans all ques. from part-'A' and any 3 ques. from Part-'B'.
Part- 'A'
1. What is audit programme?
2- discuss the terms 'Internal control', 'Internal audit' & 'Internal check'.
3- What is the vouching? On what aspects should special attention be provided while examining vouchers?
4- Differentiate ranging from evaluation & verification.
5- discuss the procedure of share transfer audit.
6- State the contents of the auditor's report.
7- What is cost audit? How does it differ from financial audit?
8- discuss clearly the provisions relating to audit of aided educational institutions.
Part-B
Note: Attempt any 3 ques.. The maximum word limit to ans every ques. is 600 words. every ques. carries 20 marks.

9- explain the objects of different kind of reserves? Also explain the duty of the auditor with regard to these reserves in a company.
10- "An auditor is liable for damages sustained by a company by cause of falsification which might have been discovered by the exorcise of reasonable care and skill in the performance of an audit. " discuss this statement clearly.
11- What special points will receive your attention while auditing the accounts of a banking company?
12- what do you understand by verification? As an auditor, how would you verify the subsequent assets and liabilities:
(a) Copyright (b) Goodwill (c) Debentures.
13- explain different provisions regarding the professional misconduct in Cost and Works Accounts Act. How far these provisions have proved useful in India?

Earning:   Approval pending.