M.Com. (Semester (CBCS) Examination Nov/Dec-2018
ADVANCED ACCOUNTANCY (Paper II)
(Auditing)
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the alternatives given below. 14
The primary objective of auditing is
Expression of opinion Reporting
Vouching Verification
Cost audit primarily covers the aspects of the enterprise.
Financial Cost
Human Behavioral
is the process of checking documentary evidence that the
transactions are properly recorded accounted for.
Auditing Vouching
Reporting Verification
The reliability of business operations can be judged by the effectiveness of

Internal Check Internal Audit
Internal Control Internal Policy
is bound book in which a variety of matters observed during the
course of audit are recorded.
Audit Notebook Audit File
Audit Programme Audit Plan
file contains all the papers and documents which have a long
term use.
Permanent file Current file
Folder file Computer file
deals with frauds and errors.
SA 230 SA 240
SA 265 SA 260
Auditor can take the advice of an for technical work.
Internal auditor Cost auditor
Management Expert
is purely optional and at discretion of the governing body.
Concurrent Audit Statutory Audit
Voluntary Audit Financial Audit
10) All investments should be held in the name of the
Auditor Client
Bank Manager
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SLR-CS-7
11) is an arrangement of duties allocated in such a way that the
work of one person is automatically checked by another person.
Internal check Internal investigation
Internal test Internal examination
12) Which are the types of audit file?
Temporary and Current File Permanent and Current File
Permanent and Temporary File Primary and Current File
13) Internal check is an operation the course of transaction.
Beginning Completion
During Ending
14) Which are the most important techniques of internal control evaluation?
Flow Graph and testing Flow Diagram and sampling
Flow Table and analysis Flow Chart and Questionnaire
Q.2 Write short note. 14
Types of errors
Audit Working paper
Q.3 Answer the following: 14
Write note on 'Management Audit'.
Write note on 'Audit Programme'.
Q.4 Answer any one: 14
Distinguish between internal control, internal check and internal audit.
Explain objectives and advantages of the Auditing.
Q.5 Answer any one: 14
Explain the provisions inspect of Branch Audit and Joint Audit.
Define Vouching and explain importance of Vouching.