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    ECO-12 - ENG-D13 - Compressed PDF

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    Amritha cb
    This document appears to be an exam for an auditing course, as it contains 9 questions related to auditing topics. It provides instructions that the exam is 2 hours long and worth a maximum of 50 marks. Students are to attempt any 5 of the 9 questions, which are worth various point values between 2.8 to 10 marks each. The questions cover topics such as the definition and advantages of auditing, the difference between internal control and internal audit, test checking procedures in auditing, methods of valuing goodwill, distinguishing between company and partnership audits, verification of stock and investments, preliminaries before a company audit begins, differences between clean and qualified audit reports, and the differences between an auditor's report and certificate

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    ECO-12 - ENG-D13 - Compressed PDF

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    Amritha cb
    13 views2 pages
    This document appears to be an exam for an auditing course, as it contains 9 questions related to auditing topics. It provides instructions that the exam is 2 hours long and worth a maximum of 50 marks. Students are to attempt any 5 of the 9 questions, which are worth various point values between 2.8 to 10 marks each. The questions cover topics such as the definition and advantages of auditing, the difference between internal control and internal audit, test checking procedures in auditing, methods of valuing goodwill, distinguishing between company and partnership audits, verification of stock and investments, preliminaries before a company audit begins, differences between clean and qualified audit reports, and the differences between an auditor's report and certificate

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    This document appears to be an exam for an auditing course, as it contains 9 questions related to auditing topics. It provides instructions that the exam is 2 hours long and worth a maximum of 50 marks. Students are to attempt any 5 of the 9 questions, which are worth various point values between 2.8 to 10 marks each. The questions cover topics such as the definition and advantages of auditing, the difference between internal control and internal audit, test checking procedures in auditing, methods of valuing goodwill, distinguishing between company and partnership audits, verification of stock and investments, preliminaries before a company audit begins, differences between clean and qualified audit reports, and the differences between an auditor's report and certificate

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    13 views2 pages

    ECO-12 - ENG-D13 - Compressed PDF

    Uploaded by

    Amritha cb
    This document appears to be an exam for an auditing course, as it contains 9 questions related to auditing topics. It provides instructions that the exam is 2 hours long and worth a maximum of 50 marks. Students are to attempt any 5 of the 9 questions, which are worth various point values between 2.8 to 10 marks each. The questions cover topics such as the definition and advantages of auditing, the difference between internal control and internal audit, test checking procedures in auditing, methods of valuing goodwill, distinguishing between company and partnership audits, verification of stock and investments, preliminaries before a company audit begins, differences between clean and qualified audit reports, and the differences between an auditor's report and certificate

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    of 2

    No.

    of Printed Pages : 4 ECO-12


    BACHELOR'S DEGREE PROGRAMME
    is) Term-End Examination
    December, 2013
    O
    ELECTIVE COURSE : COMMERCE
    ECO-12 : ELEMENTS OF AUDITING
    Time : 2 hours Maximum Marks : 50
    Weightage 70%
    Note : Attempt any five questions. All questions carry equal
    marks.
    1. What is meant by Auditing ? Explain its 3,7
    advantages.

    2. Define internal control. Differentiate between 3,7


    'internal control' and 'internal audit'.

    3. What is Test Checking ? What precautions must 2,8


    be taken by an auditor while conducting test
    checking ?

    4. State the various methods of valuation of goodwill, 3,7


    and explain one of these with an example.

    5. Distinguish between company audit and 10


    partnership audit.

    6. How would you verify the following ? 5, 5


    (a) Stock (b) Investment

    7. Explain the preliminaries before commencement 10


    of the audit of a company.

    ECO-12 1 P.T.O.
    8. Differentiate between : 5, 5
    (a) Clean and qualified report
    (b) Auditor's report and Auditor's certificate

    9. Write short notes on the following : 5, 5


    (a) Management audit
    (b) Cost audit

    ECO-12 2

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