Auditing Notes

[SHRITRUP]

I M In Real Trouble Friends
I M In Need Of Auditing Imp Questions
Pls Help

[askhayh]

if u r startin auditin frm grnd 0, the i would suggest u 2 do the foll.
1) 1st chap. ie. introduction(v.v.v.imp)
2) company audit(v.v.v.imp), if posib. learn along with sections 4 this chap
3) ledger reading(since past 2-3 yrs, it is been asked for 8-10mks)[v.scoring part]
4)vouching & verification
you can check out d trends of question asked from each chap.frm AINAPURE text bk[last part] tht will help u a lot, study d most repeatedly asked question , dont exclude other chap.(though there r only few ques.)

[Neelam035]

Hi there, these auditing important questions are provided to us by our college.See if it can be helpful to you.


DON'T DO THAT DEPRECIATION CHAPTER AS MISS TOLD US TO LEAVE THAT AND
CHAP NO. 1, 2, 3, 4 & 7 ARE VERY VERY IMP.


__________________________________________________
Chap 1. Introduction
1. Define & explain the term auditing?

2. What are the principles of auditing?

3. What are the objectives of auditing?

4. Distinguish between
a) Auditing and Accounting
b) Auditing and Investigation

5. Write Short Notes on
a) True & Fair view
b) Different types of errors
c) Different Types of Frauds & Auditors duty
d) Window Dressing

Chap 2. Classification Of Auditing

6. Write Short Notes on
a) Examination in depth
b) Continuous Audit
c) Balance Sheet Audit
d) Interim Audit
e) Internal Audit

7. Distinguish Between
a) Internal audit & Statutory audit


Chap 3. Planning Of Audit

8. What are the steps to be taken before commencing of audit?

9. What is audit programme? What are its contents?
OR
What are its advantages & disadvantages of audit programme?

10. Write Short notes on
a) Audit working paper
b) Audit Note book


Chap 4. Technique & Procedure of Auditing

11. Explain the terms voucher? How would you vouch the following
a) Rent paid
b) Receipts from debtors
c) Payment to creditor
d) Dividend income
e) Partners capital
f) Sale of investment
g) Commission received
h) Cash purchases
i) Payment of salaries
j) Royalty paid

Chap 5. Verification & Valuation Of Assets & Liabilities


12. What do you understand the term verification? What are its
Objectives?
OR
How would you verify the following?
a) Furniture
b) Machinery
c) Land & bldg
d) Investments
e) Sundry debtors
f) Patents & Trade marks
g) Goods on consignment
h) Bank balance
i) Cash in hand


Chap 6. Verification & Valuation Of Investments


13. Why stock valuation is considered to be an important aspect in
Accounting? What are the objectives of stock valuation?

14. Write Short Notes on Procedure of Stock Valuation?

Chap 7. Internal Check & Internal Control

15. What do you understand by the term internal check?
OR
What point should be considered while framing a good system of?
Internal check?

16. What is test checking? What precaution is to be taken before?
Applying test check?

17. Distinguish between
a) Internal Check & Internal Audit
b) Internal Check & Internal Control

18. What do you understand by the term internal control? What are the
auditors duty in the respect of the same?

Chap 8. Capital & Revenue Expenditure

19. What is Capital expenditure? What are the auditor’s duties in regard to that?

20. What is Deferred revenue expenditure?

Chap 9. Depreciation

21. Write a Short Note on
a) Depreciation & Auditor duty
b) Straight-line method of depreciation
c) Reducing balance method of dep
d) Insurance policy method
e) Annuity policy method
f) Machine hours rate method
g) Compound intersect method
h) Mileage method
i) Revaluation method

Chap. 10 Audit of Limited Companies

22. What are the rights & duties of statutory auditor?

23. What are the qualifications of a company auditor?

24. When is the Special revaluation required for appointment of
Auditor?

25. Under what circumstances the central govt. appoint auditor

26. What are the liabilities of company?


Dont rely on it but it can help you.

[askhayh]

hey,
tht was a wonderful analysis of paper. Gr8 keep goin

[dnyaneshwa]

Hey friends, this auditing important question are also provided by our college.

[Neelam035]

HI, I just want to know which college are you from?

[rupak saha]

Sir i have given these questions, please help me by giving the answer of those.
1. What is Audit Program? Advantage & Disadvantage?
2. Define auditing? Objectives & Advantages?
3. " An auditor is intimately connected with Values" ........... How do you reconcile these two statements?
4. Why is verification of assets and liabilities done to addition to vouching? what is the scope of verification?
5. What is verification of assets? what are the salient points to be kept in view while verifying closing stock?
6.What is specific reserve of provision? what are its characteristics? state the auditor's duties in relation ther to?
7. what is capital reserve? how is it created? duscuss the duty of an auditor in relation ther to?
8. what is propriety audit? discuss the scope and objectives of Propriety Audit?
9. What is Management Audit? discuss the Scope and objectives of Management Audit?

[rupak saha]

hai nilu,
plz hlp me. i dnt gt de ans of my qstions. do u gt urs. if ys plz snd me, my mail id is rupak.saha15@yahoo.com. plz yaar atlest rply me.

[rupak saha]

it is MBB college, in the northeast, but so beautiful. & urs

[Megha]

Sir i have given these questions, please help me by giving the answer of those.
1. What is Audit Program? Advantage & Disadvantage?
2. Define auditing? Objectives & Advantages?
3. " An auditor is intimately connected with Values" ........... How do you reconcile these two statements?
4. Why is verification of assets and liabilities done to addition to vouching? what is the scope of verification?
5. What is verification of assets? what are the salient points to be kept in view while verifying closing stock?
6.What is specific reserve of provision? what are its characteristics? state the auditor's duties in relation ther to?
7. what is capital reserve? how is it created? duscuss the duty of an auditor in relation ther to?
8. what is propriety audit? discuss the scope and objectives of Propriety Audit?
9. What is Management Audit? discuss the Scope and objectives of Management Audit?

i would suggest you to buy UPS of your subject.. i am sure you will get all the answers of your questions..