M.Com. (Semester (CBCS) Examination Oct/Nov-2017
ADVANCED ACCOUNTANCY
(Auditing)
Day Date: Saturday, 18-11-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the alternatives given below. 14
The word Audit has been derived from the Latin word which
means to hear.
Vouching Audire
Auditor Auditation
means careful examination of the original evidence.
Audit Audit file
Vouching Internal control
is the process of checking, vouching and verification.
Auditing Controlling
Internal check Verification
arise when a transaction is wholly or partly omitted to be
recorded.
Errors of omission Errors of commission
Errors of principles None of these
An auditor is a watch dog and not a
Blood controller Blood hound
Blood checker None of these
is an examination of accounts and an inquiry into the state of
affairs for some special purposes.
Vouching Internal control
Investigation Verification
is a tool for planning, directing and controlling audit work.
Audit Programme Audit File
Audit Note Book Vouching
are those papers which contains essential facts about accounts
which are under audit.
Audit Report Audit Working Papers
Audit Note Book Audit File
is an essential pre requisite for the efficient and effective
management for any organization.
Internal planning Internal control
Internal check None of these
Page 2 of 2
SLR-CJ-7
10) contains definite information regarding the day to day work
performed by the audit staff on any particular day.
Audit note book Audit plan
Audit paper Vouching
11) to select and examine a representative sample from a
large number of similar items.
Test checking Routine checking
Verification None of these
12) is thus a simple checking of common records and books which
are maintained by all types of business.
Test checking Routine checking
Vouching Investigation
13) The of assets imples an enquiry into the value, ownership and
title, existence and possession of the asset.
Investigation Verification
Test checking Valuation
14) One of the objects of an is said to be the detection of errors and
frauds.
Management Account
Audit None of thee
Q.2 Write short notes.
Test checking 07
Audit programme 07
Q.3 Write short answers.
Audit working papers 07
Auditing and investigation 07
Q.4 Define an audit and state the various objectives of an audit. 14
OR
Distinguish between internal control, internal check and internal audit.
Q.5 How would you verify the following? 14
Cash in hand
Goodwill
Investment
Trade marks
OR
What do you mean by vouching? Explain its importance to an auditor.