BCom In Accounting & Finance (BCAF) SEM II 2022 2023 Apr 2023 F AUDITING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Objectives Questions :
   • A. True or false (any 8) 08 1.Statutory auditor responsible and report to shareholder 2.Casting error is a type of two sided error 3.Audit procedure means the methods used to obtain audit evidence smaller the tolerable error the smaller the sample size will need to be 5.Audit evidence is conclusive in nature 6.Sale to Ram Rs143 posted to his account as Rs 134 this is an error of principle 7.Audit notebook is a part of permanent audit file 8.Audit plans should be based on knowledge of the client's profit 9.Internal check is carried out after the work is done 10.Auditing of accounts is compulsory in partnership firms
   • B. Match the following. 07 1.Report to management. a. Visit to client and premises of factory
2. Q2 Confidentiality. b. Disclose all material facts 4.Audit Programme. d. Disclose all material facts 5.Negative net worth. e. Expected scope and conduct of the audit 6.Knowledge of.the clients business. f. Nature timing and extent of Audit 7.True and fair view. Principles of Auditing
3. Q10 Manipulation of accounts j. Audit Technique Qno2) Answer the following questions 1.Why atid How is the Window dressing done? 08 2.Explain internal control for credit sales. 07 = 1.What is Audit Sampling and Factors for designing audit Sampling. 2.What is the final Audit? write its Advantages Qno3) Answer the following questions 1.Difference between Accounting and Accounting. 08 2.Write in detail about Audit Planning 07 1.What is the Principle of Audit? 2.Explain internal check and Auditors duty regarding internal check Q no4)Answer the following questions 1.Explain Audit in depth about its Advantages and Disadvantages? 08 2.What do you mean by the term - Auditor's Lein 07 1.Why and how secret reserves are created and Auditors duty regarding it 2.Write the Advantages and Disadvantages of test check Qno5)Write Short note 1.Continuous 2.Tolerable >

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