BCom In Accounting & Finance (BCAF) SEM III 2016 2017 Feb 2017 ATKT AUDITING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 The payee should sign on a if the payment exceeds Rs. 5000
2. Q3 Appointment of internal auditor is . (Compulsory, Voluntary, Mandatory)
3. Q4 The subjected to physical verification. (Land, Debtor, Machinery) issued by ICAI deals with the concept of materiality (320, 200, 440)
4. Q6 SA deals with “going concern” concept (570, 510,480) @ g 7. Working papers are the property of the (client, auditor, Company)
5. Q8 is responsible for preparation of financial statement (Auditor, Management, Both) deals with “Audit Documentation” (210, 230, 260) 10.SA deals with “Audit Sampling” (200, 530, 520)
   • B) Match the following: Auditor of Government Co Bills Issued by AD
6. Q2 A) Explain the meaning of vouching and its importance. 5 marks
   • B) How will the auditor vouch the following 10
   • i) Cash Sales a} Distinguish between vouching and verification (8 Ma
   • b) What are the point to be considered by auditor while vouching (7
7. Q3 A) Explain the meaning of verification and its object (5 Mar
   • B) How will the auditor verify the following (10 Ma
8. Q1 Plant and machinery
9. Q2 Debtors
   • A) Discuss the qualification and disqualification of company auditor. (8M
   • B) Explain the procedure for appointment of an auditor (7 mar
10. Q4 A) What are the points to be considered by auditor while Valuation
    • B) How the Auditor can verify the stock
    • A) Discuss the procedure for removal of a company auditor (8
    • B) When is a special resolution required for appointment of a company auditor also discuss remuneration of a company auditor ( Mar
11. Q5 A) How will the auditor vouch the following (15
12. Q1 Advertising
13. Q2 Rent
14. Q3 Recovery of bad debt written off
    • A) Short Notes (Any 3) (15 Mar
15. Q1 Removal of first auditor
16. Q2 Casual Vacancy
17. Q4 Materiality
18. Q5 Verification of bills payable

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