DISTANCE EDUCATION
B.Com.CA/B.Com.(CA) (Lateral) DEGREE EXAMINATION,
MAY 2017.
AUDITING
(2005 onwards)
Time Three hours Maximum 100 marks
PART A — 8 40 marks)
Answer any FIVE questions
1. Define auditing and explain its objectives?
2. State the limitations of continuous audit?
3. Distinguish between internal control and internal check?
4. Give five examples each of primary and collateral
vouchers?
5. Enumerate the important features of a fixed asset?
6. State the objectives of audit of share capital?
7. Briefly explain the concept of "profit"?
8. Explain in brief the procedure as regards investigation of
suspected fraud as to cash?
Sub. Code
32
DE-118
2
Ws1
PART B — 15 60 marks)
Answer any FOUR questions.
9. Define "fraud". What are the types of fraud and what
steps should be taken to detect them?
10. Distinguish between error and fraud?
11. Explain the concept of internal control?
12. What are general principles of verification and valuation
of assets?
13. Write a note on the status of the auditor vis-a-vis
shareholders and the company?
14. What are the auditor's duties in regard to payment of
dividend by a company?
15. What are the types of investigation?