BCom In Accounting & Finance (BCAF) SEM V 2016 2017 2017 Auditing Question Paper - Mumbai University | munotes

Questions asked in this paper

• 4 Please check whether you have got the right question paper
• 2. Figures to the right indicate full marks

1. Q1 a. State whether the following sentences is true or false:- (any 8) 8 marks
   • a) Auditor has a right to take legal and expert advice
   • b) Accountant is expected to maintain the dignity and prestige of the profession
   • c) AChartered Accountant-cannot share his fees with a non member
   • d) Changes in techniques of audit change basic objectives of audit
   • f) Auditor is supposed to report to the board of directors
   • g) Qualified report is given when auditor is not satisfied with major matters in the financial statements
   • h) Tax audit report is submitted in Form No.3 CA by those who conduct their audit under any other law a i) Internal auditor can be a tax auditor, Forthe purpose of tax audit courier service is held to be a profession
   • b. Fill in the blanks (any 7) 07
   • i) Tax audit is compulsory for the businesses whose sales, turnover or gross receipts exceeds rupees in any previous year,
   • ii) ------------is trust or duty imposed by law It is the duty of the auditor.to report to the
   • iv) Audit report is the instrument through which the auditor express his the shareholders
   • v) CSA stands for
   • vi) A wants member of the institute should be of the age of
   • vii) is compulsory under section
   • viii) The last date for filing returns and tax audit report u/s 44AB is
   • xi) Staff are provided with the unauthorized access
   • x) is also known as Auditing through computer
   • a) the environment in implementation of internal control? 08
   • b) What are the approaches to audit in CIS environment? 07 => a) What report? Explain in brief Qualified and unqualified report. 08 Distinguish between Auditor report and Auditors Certificate. 07 “When is the tax to submit form No 3CA? What are its contents? 08 of Tax Audit and who can be appointed as a Tax Auditor. 07 Whatare the an auditor? 08 S sby auditor and their liabilities. 07
   • Q.P. Code :03767
2. Q4 a) Explain the term Professional Ethics and misconduct in relation to the Chartered Accountant Act,
   • b) Distinguish between Negative Report and disclaimer report
   • a) Explain the General controls over the EDP activities
   • b) Discuss E commerce transaction
   • a) Explain the contents of Audit Report
   • b) What do you mean by misfeasance and explain the liability of an auditor for misstatement in Write short notes on any three:
   • a) fair view
   • b) Branch auditor f CARO Reporting 2003 with regards fixed assets and stock
   • d) Test packs
   • e) Input control

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