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    This document appears to be instructions for a final semester auditing exam for accounting students. It provides the date, time allowed, subject name, and instructions to attempt four questions. The four questions cover verification of stock, defining auditing terms, designing an internal control system for a wages department, and the objectives of verifying assets and liabilities.

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    Auditing I

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    This document appears to be instructions for a final semester auditing exam for accounting students. It provides the date, time allowed, subject name, and instructions to attempt four questions. The four questions cover verification of stock, defining auditing terms, designing an internal control system for a wages department, and the objectives of verifying assets and liabilities.

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    © All Rights Reserved
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    7 views1 page

    University of Medical Sciences & Technology Faculty of Business Administration

    Uploaded by

    aya ahmed
    This document appears to be instructions for a final semester auditing exam for accounting students. It provides the date, time allowed, subject name, and instructions to attempt four questions. The four questions cover verification of stock, defining auditing terms, designing an internal control system for a wages department, and the objectives of verifying assets and liabilities.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    University of Medical Sciences & Technology

    Faculty of Business Administration

    25/01/2016 Time Allowed: 3Hrs


    Batch (10) Accounting Specialization
    Final Semester (7) Examinations
    Subject: Auditing 1

    Attempt The Following Four Questions.

    All Questions Carry Equal Marks.

    Question one:
    Verification of the stock has always been a problem to the Auditor.
    Discuss.

    Question Two:
    Define the followings:

    a) Vouching.

    b) Appropriate audit evidence.

    c) Money laundering.

    d) Engagement letter.

    e) Third Party Confirmation.

    Question Three:
    Design an internal control system for a wages department that employs
    five accounting clerks.

    Question Four:
    What are the objectives of the verifications of assets and liabilities?

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