M.Com. (Semester (CBCS) Examination, 2017
ADVANCED ACCOUNTANCY(PAPER II) (AUDITING)
Day Date: Thursday, 20-04-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the alternatives given below. 14
Special examination of books of account is called
Investigation Verification
Special Check None of these
Auditor is a watch dog' and not a
Blood hound Servant Guide All of these
The step will have to take by the auditor, before preparation of
audit is
Scope of work to be determined Knowledge about business
Instruction of the client All of these
Audit programme is
Auditors plan of action Audit report
Audit note All of these
The internal auditor can be removed by
Shareholders Chairman
Management None of these
To verify authenticity and authority of transaction is the main
object of
Vouching Testing Internal check Internal audit
The internal auditors are
Government servants Employees of the concern
Agents Advisor
The audit clerk cannot remember everything at all times during
the course of audit, he experiences several difficulties and hence,
he maintains a book with him popularly known as
Audit programme Audit note book
Audit file Audit book
Page 1 of 2
SLR-Q-7
Which of the following is used as technique for internal control
evaluation?
Questionnaire Testing
Vouching All of these
10) Which of the following is an error of principle?
Deleting transaction to record in journal
Recording purchase of office furniture in profit and loss account
Wrong totaling in ledger
None of these.
11) Fraud means
Mistake Misuse
False representation All of these
12) The judgment that an auditor is not a value was given
Kingston cotton mills case Mckson and Robins case
London and General bank case None of these
13) Test checking is
Testing evidence
Vouching
Checking of few items selected through a process of sampling
None of these
14) When a transaction is wholly or partly omitted to be recorded,
such error is called
Error of principle Error of commission
Compensating error None of these
Q.2 Write short answer. 14
Internal and External audit
Valuation of assets and liabilities.
Q.3 Answer the following in brief. 14
Explain the origin of auditing.
Explain the term 'Teaming and Lading'.
Q.4 Answer any one of the following. 14
"Vouching is the essence of auditing," Comment.
What do you mean by auditing? What are its advantages?
Q.5 Answer any one of the following. 14
"Two main purpose of an audit are prevention and detection of
errors and frauds." Discuss.
How would you verify the following:
Cash in hand
Loans Given
Sundry Debtors
Stock on consignment
Investment