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Sem - V Auditing Suggested Questions
Sem - V Auditing Suggested Questions
Sem - V Auditing Suggested Questions
B. Com. (Semester – V)
Auditing Suggested Questions for CU Exam, 2023
Group A (5X3=15)
Group B (10X5=50)
Group C (15X1=15)
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GOBIND KUMAR JHA 9874411552
d) Inventory
e) Secured Loan
30. State the qualification of a company auditor as per Companies Act, 2013.
31. Discuss the disqualification of a company auditor as per the Companies Act, 2013.
32. Explain the provisions of the Companies Act, 2013 for declaration and payment of dividend.
33. Can dividend be paid out of capital?
34. Can dividend be paid out of capital profit?
35. Can dividend be paid out of current profit without making good past losses?
36. Can dividend be paid out of current profit without writing off fictitious assets?
37. Can dividend be paid out of current revenue profit before writing of depreciation?
38. Distinguish between Auditor’s Report and Auditor's Certificate.
39. What are the different types of audit report?
40. Give a specimen of qualified audit report.
41. Discuss the significance of the term ‘True and Fair View' under the Companies Act, 2013. Discuss how
far
42. auditor's duties have increased as it’s consequences?
43. What is cost audit? Describe the objectives.
44. Write short note on Management Audit.
45. Write a short note on Performance Audit.
46. Write a short note on Environment audit.
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GOBIND KUMAR JHA 9874411552
Group – B
4. (a) What do you mean by audit evidence?
(b) Discuss it’s importance.
(c) What are the various procedures of obtaining audit evidence?
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GOBIND KUMAR JHA 9874411552
Or, What essential steps are involved in conducting the audit of a hospital?
5. (a) What is internal audit?
(b) Is it compulsory for every company to have an internal audit system?
(c) State with references to the relevant SA to what extent should a statutory auditors rely upon internal
audit.
6. As an auditor, how would you verify (any two) :
(a) Secured Loan
(b) Plant and Machinery
(c) Debtors
Or, How will you vouch the following (any two) :
(a) Income from Interest
(b) Cash Sales
(c) Travelling Expenses
7. State the various elements of Audit Report as per SA, 700.
Or, List the matters to be reported under CARO 2016.
8. Write short notes on (any two) :
(a) Social Audit
(b) Cost Audit
(c) Performance Audit
Group – C
9. (a) State the circumstances when an auditor of a company may be appointed by
(i) Board of Directors (ii) Members of the company, and (iii) Central Government.
(b) State the qualification of a company auditor.
Or, How will you as a company auditor verify payment of dividend? SND Ltd. credited, the entire profit of ₹
10 Lacs on the sale of land not require for its use on 31.08.2019. The directors wish to purpose dividend out
of the above profit. – Comment
Group – B
4. Explain audit of an undergraduate college.
Or, what do you mean by audit evidence? What are the sources of audit evidence? How are audit evidence
collected?
5. What is internal control system? State it’s advantages and disadvantages.
Or, Define internal audit. Distinguish between internal check system and internal audit.
6. What is vouching? State the essential factors to be considered for vouching.
Or, As an auditor, how would you verify the following? (Any two)
(a) Goodwill
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GOBIND KUMAR JHA 9874411552
(b) Inventory
(c) Secured Loan
(d) Investment
7. Write short notes on. (Any two)
(a) Tax audit
(b) Social Audit
(c) Environment audit
8. What do you mean by audit report? What are the different types of audit report?
Group – C
9. Discuss the qualification and disqualification of a company auditor as per the Companies Act, 2013.
Or, Explain the provisions of the Companies Act, 2013 for declaration and payment of dividend.
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(b) What do you mean by audit risk? Discuss the different types of audit risk as per the relevant
Standard on Auditing.