DEPARTMENT OF COMMERCE

SIKKIM GOVT. COLLEGE, BURTUK

ODD-SEMESTER FIRST SESSIONAL EXAMINATIONS 2021

Subject: Auditing Paper-C502

Time: 1 HOUR Total marks: 25

Group A: Objective questions without choice (each question is 1 marks) 1x5=5

1. From which Latin word is the term c. Investigations ends

‘audit’ derived? d. Verifications ends
a. Audire 4. Section 128 of the companies Act,
b. Auditious 2013 is related with
c. Auditum a. True & fair view
d. All the above b. Window dressing
2. Which type of audit comes under c. Appointment of auditor
statutory audit? d. Power & duties of an Auditor
a. Company Audit 5. The Comptroller and Auditor
b. Partnership Audit General of India (CAG) shall be
c. Sole proprietorship concern appointed by
d. Club a. Chief Justice of India
3. Auditing begins where: b. The Prime Minister
a. Book – keeping ends c. The President of India
b. Accountancy ends d. Chief Minister of State

Group B: Answer any two with choice 5x2=10

6. State the objectives to have Internal check system in an organization?
7. Differentiate between Errors and Frauds?
8. What are the provisions relating to the remuneration of an Auditor in a Joint stock
company?

Group C: Answer any one with choice 10x1=10

9. ‘An Auditor is a watchdog and not the blood hound’. Discuss the statement
10. What do you mean by an Audit? Briefly explain the rights and power of an Auditor.
(2+8)

……………xx……………. All the best……………xx………….

Date of Exams: 22/11/2021 Time: 12.00 -1.00 PM