B.Com-B.Com Computer Applications AUDITING (Alagappa University - Directorate of Distance Education-2012)

DISTANCE EDUCATION
B.Com. (CA)/B.Com. (CA)/(Lateral) DEGREE EXAMINATION, MAY 2012.
AUDITING
(2005 onwards)
Time : Three hours Maximum : 100 marks
PART A — (5 × 8 = 40 marks)
Answer any FIVE questions.
1. Explain the various kinds of errors.
2. What is Internal control? Explain the essential characteristics of good system of Internal control.
3. Define Internal check.
4. ‘‘An auditor is not a valuer’’–Discuss.
5. Discuss problems in the valuation of assets.
6. What are capital profits?
7. What is Investigation?
8. Difference between Investigation and Auditing.
PART B — (4 × 15 = 60 marks)
Answer any FOUR questions.
9. What is an audit programme? What are its advantages and disadvantages?
10. Explain vouching of cash transaction and voching of trade transaction.
11. What are the duties of an Auditor in connection with vouching of payment side of cash book?
12. Explain various types of Auditing.
13. Explain the duties of an auditor in the verification and valuation of stock in trade.
14. Explain difference between ‘Investigation’ and ‘Auditing’.
15. What special points should be borne in mind while carrying out an investigation on behalf a person who wants to purchase business as a going concern?  

Earning:  ₹ 6.15/-