1. Distinguish difference between Errors and Frauds? How will you detect the accounting errors if you, as an auditor, are required to do so?

2. 'Vouching is essence of auditing'. Comment. How will you vouch the following?

Cash sales

Receipts from debtors

3. What is the difference between Internal check and Internal Audit? Suggest a suitable internal check system for cash sales in a big departmental store.

4. What steps would you take to verify?

Plant and Machinery and

Freehold property

5. Discuss briefly the statutory duties of an auditor of a public limited company.

6. How will you, as an auditor of a company verify the following?

Issue of Bonus Shares

Re -issue of forfeited shares

7. What do you understand by a 'True and Fair View' of financial statements of a company State the circumstances under which an auditor may give a qualified report.

8. How will you, as a Cost Auditor, verify the following?

Materials

Direct Wages

Overheads

9. Write explanatory notes on any two of the following:

Management audit

Auditing standards

Audit programme

Audited books as exclusive proof of a accuracy of books