SYBCOM SEM IV AUDITING IMPORTANCE

Chapter 1
3. Explain the term fraud and explain various types of Fraud.
7. Explain different types of error
11. Explain the term window dressing, objects of window dressing (extra)
12. Explain the term secret reserve, objectives of creating secret reserve and duty
of
auditor regarding secret reserve. (extra)
Chapter 2
15. Explain the term statutory audit and state the essentials of statutory audit
16. Explain non-statutory audit (along with example) in detail
17. Explain continuous audit along with its features, advantages and disadvantages
Chapter 3 {compulsory}
20. Audit planning and its objectives
22. What are the factors to be considered while developing Audit Program.
23. Explain audit programme and contents of audit programme
24. Explain Audit programme and advantages and disadvantages of audit
programme
Chapter 4
32. Explain test checking and factors to be considered while deciding sample size.
33. Explain the term Audit sampling and methods of selecting audit sample.(came
in ly)
34. What is sampling? State its advantages and disadvantages.

Chapter 5
46. Distinguish between internal audit and external audit

TOTAL QUESTION: 22 rset SHORT NOTES:7

SYBCOM SEM IV AUDITING IMPORTANCE

Chapter 6 {compulsory}
44. What do you mean by Vouching? State the Importance of Vouching
51. Explain how will an auditor vouch the following items:
a. Cash Sales
b. Cash Purchases
c. Credit Sales
d. Rent Received
e. Interest Received / Dividend Received
f. Telephone Expenses
g. Salary Paid
h. Wages Paid
i. Rent Paid
Chapter 7 {compulsory}
45. Explain Verification and state its Importance
52. Explain how will an auditor Verify the following items
a. Investment
b. Stock
c. Creditors
d. Debentures
e. Plant and Machinery
f. Secured Loans
g. Furniture and Fixtures
h. Land and Building

TOTAL QUESTION: 22 rset SHORT NOTES:7

SYBCOM SEM IV AUDITING IMPORTANCE

Short notes
C-1:
10. Materiality concept
11. Going concern concept
17. Users of Financial Statement
C-2:
5. Audit Procedure
C-4:
14. Audit in depth
C-5:
6. Internal Audit

TOTAL QUESTION: 22 rset SHORT NOTES:7