Auditing & Assurance(CC5.

1 CH)
Time – 3 Hours

Full Marks – 80

Group – A (5x3=15)

1. Define an Interim audit and explain its advantages. (5)

Or/
Differentiate between a Continuous Audit and a Final Audit. (5)
2. Write a note on various types of an Audit reports. (5)
3. Differentiate between an Audit Report and an Audit Certificate. (5)
Or/
Write the industries, where CARO is applicable. (5)
Group – B (10x5=10)
4. Explain the role of the auditor for detecting and rectifying the errors of the organization. Define
Test checking and also explain its advantages. (4+2+4)
5. Define an Audit Programme. Explain the advantages and disadvantages of an Audit programme.
(2+4+4)
6. What do you mean by social audit and what are its objectives? Define an Environment Audit.
(2+5+3)
Or/
Define Cost Audit, what are its objectives and explain the statutory provision of Cost Audit.
(2+5+3)
7. Define an Audit Risk. Explain the different types of an Audit Risks. Explain the objectives of an
Internal Audit. (2+4+4)
Or/
Differentiate between an Internal Control and an Internal Check. (10)
8. How does an Auditor of a company were appointed? (10)
Or/
When does an Auditor of a company are being removed? Explain the rights and duties of an
Auditor as per the provision of the companies act 2013. (5+5)
Group – C (15x1=15)
9. Explain the procedure for an Audit of a Hospital. (15)
Or/
(A) Explain the settlement is needed for unpaid dividend of a company.
(B) Explain why valuation of assets and liabilities is required? Explain the process of vouching of
collection from debtors. (5+10)