Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2009 B.B.A BB0013- Financial Systems & Auditing - Assignments for fall session - Question Paper

BBA – III Semester
BB0013- Financial Systems & Auditing – four credits
Assignments Set 1- (60 Marks)
Note: ans all the ques.. every ques. carries 10 marks.
1.What is Accounting Standards? How many accounting standards are there at present?
2.What are the chief ways in which fraud is perpetrated?
3.Explain with a schematic diagram the classification of Audit.
4.The auditor must prepare well before he truly conducts audit. What preparation should he do before the audit?
5.According to Sec 227(1) of the Companies Act, 1956 a company auditor has certain rights. Briefly discuss those rights.
6.Distinguish ranging from cost audit and management audit













BBA – III Semester
BB0013- Financial Systems & Auditing – four credits
Assignments Set 2- (60 Marks)
Note: ans all the ques.. every ques. carries 10 marks.
1.What are the essentials of good working paper?
2.Vouching is stated to be the back bone of auditing. Substantiate
3.Differentiate ranging from Internal audit and Independent Audit
4.While auditing what registers should the auditor inspect as per Companies Act.
5.What is Cost audit? discuss the objectives of cost audit
6.What are the various methods to verify various kinds of assets?

Earning:   Approval pending.