DISTANCE EDUCATION
B.Com. (CA)/B.Com. (Lateral) DEGREE EXAMINATION,
MAY 2018.
AUDITING
(2005 onwards)
Time Three hours Maximum 100 marks
SECTION A — x 8 40 marks)
Answer any FIVE questions.
1. Distinguish between errors and frauds in auditing.
2. State the limitations of auditing.
3. Describe the scheme of internal check in respect of
purchase and sales for a large manufacturing concern.
4. How will you verify the stocks of a company in auditing?
5. State the provisions of Companies Act 1956 regarding
removal of an auditor.
6. State the outcomes that arise out of negligence.
7. What is depreciation? How its to be calculated for fixed
assets of an organization?
8. State the investigation process to be made on behalf of a
lender of money.
Sub. Code
32
DE-3516
2
wk14
SECTION B — x 15 60 marks)
Answer any FOUR questions.
9. Audit programme is a requisite of business Discuss.
10. How will you vouch the trade transactions in a large
manufacturing concern?
11. Explain the objects and advantages of internal control.
12. Discuss in brief the verification and valuation of assets
and liabilities.
13. Explain the role of an auditor in Indian economy.
14. What are the factors determining the dividend policy?
15. Distinction between investigation and audit.