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  • Auditing Important Questions

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    Kaneez Elahi
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    This document outlines 29 questions related to the topics of auditing. It covers definitions of key terms like auditing, the objectives and scope of an audit, the differences between auditing and accounting, and the different types of audits. It also addresses internal controls, internal checks, vouching, verification, investigations, the qualifications and duties of an auditor, and preparing audit reports. Specific assets, liabilities, and industries are discussed. The questions cover principles, techniques, procedures, and documentation used in the auditing process.

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    This document outlines 29 questions related to the topics of auditing. It covers definitions of key terms like auditing, the objectives and scope of an audit, the differences between auditing and accounting, and the different types of audits. It also addresses internal controls, internal checks, vouching, verification, investigations, the qualifications and duties of an auditor, and preparing audit reports. Specific assets, liabilities, and industries are discussed. The questions cover principles, techniques, procedures, and documentation used in the auditing process.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    7 views3 pages

    Auditing Important Questions

    Uploaded by

    Kaneez Elahi
    This document outlines 29 questions related to the topics of auditing. It covers definitions of key terms like auditing, the objectives and scope of an audit, the differences between auditing and accounting, and the different types of audits. It also addresses internal controls, internal checks, vouching, verification, investigations, the qualifications and duties of an auditor, and preparing audit reports. Specific assets, liabilities, and industries are discussed. The questions cover principles, techniques, procedures, and documentation used in the auditing process.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    AUDITING

    IMPORTANT
    Questions
    1. Define Auditing.Explain The objectives of Audit
    2. Define Auditng.Discuss the Scope of Audit
    3. Explain Difference between Auditing & Accouting
    4. Explain the different kinds of Auditing
    5. Define Continuous Audit.Explain its merits and
    demerits
    6. Define Final Audit.Explain its merits and demerits
    7. Define Interim Audit. Explain its merits and
    demerits
    8. Explain the different between Final Audit and
    Continuous Audit
    9. Define Internal Control.Explain its merits and
    demerits
    10.
    Define internal Check.Explain its Principles
    and Objectives
    11.
    Explain the difference between internal
    control and internal check
    12.

    Explain Vouching.Decribe its Objects and

    Techinques
    13.
    Describe the steps taken by the Auditor in
    Vouching
    .i Cash Sales
    Expenses

    ii Travelling

    .iii
    Commission incomes
    Expenses

    iv Commission

    .v Cash Purchases
    14.Define Verfication.What are its Objects ?
    15.Explain the Techinques and Principles of
    Verification
    16.Explain the difference between Verfication and
    Vouching
    17.How the Auditor will Verify the Following
    Assests and Liabilities;
    .i Land and Buildings
    .iii

    Plant and Machinery

    ii Bill Receivable
    iv Account Payable

    18.Define investigation.Explain its Reasons and


    Objectives
    19.What are the Principles and Techinques of
    investigation
    20.Explain the difference between the Audit and
    investigation
    21.Define Auditor.Explain the Qualifications and
    Disqualifications
    22.Explain the Appointment Procedure and the

    Removal Procedure of an Auditor


    23.What are the Rights and Duties of an Auditor
    24.Explain the liabilities of an Auditor
    25.Define Qualified Report.Explain its Different
    Kinds
    26.Define Qualified Report.Explain its Reasons and
    Specimen
    27.Define Un-Qualified Report.Explain its Reasons
    and Specimen
    28.Explain the Special Points,Which are followed by
    the Auditor;
    .i Textiles Mills

    ii Bank

    .iii

    iv Cement Factory

    Sugar Mills

    .v Hotel
    29.Wirte the notes on following;
    Auditor Programme
    Vouching is the Essence of Auditing.
    Audit Working Paper
    Difference between computer Audit and
    Manual Audit
    Audit Notes Book

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