B.Com In Banking & Insurance (BCBI) Sem V 2019 20 Nov 2019-20 AUDITING I Question Paper - Mumbai University | munotes

Questions asked in this paper

• e Figures to the right indicate full marks

1. Q1 A. Match the following: (Any 8) Audit Sampling For Future Information of Clients 7 Technique of Fraud Audit of fess than “Auditor honest in Q no | B State whether the following false (Any 7) “Audit Programme should be flexible All dre detected in test check 4; Vouching means examining the documentary evidence ‘Auditing Means Examination Of Accounting Records
   • 6. objective of Auditing is Reporting on the Financial Statements Audit working papers are the property of the client
   • 8. Audit Planning is a Continuous process 9: Audit notebook is maintained by audit staff
   • 10. There is sampling risk for the Auditor I) 4 Paper Subject Code: 44304 Auditing - I A, Define the term Auditing Briefly explain its Charecteristics, _ (8)
   • B. Explain the Secondary Objective of Auditing
   • C. What preparation is Necessary by the client before commencement of Audit
   • D. Briefly Explain the Auditors Duties Tegarding | 7
2. Q3 A. Distinguish Between Auditing & B Explain the factors to be considered while an Audit Plan Q no 3 C What is Audit Programme. Explain the Advantages of an Audit Programme D Explain Audit Sampling. How the auditor select the sample size, (7)
3. Q4 What do you mean by Voliching? How will the Auditor. Vouch the Followin Q What do By Verification How will the Auditor Verify the
   • a) Inventories*b) Computer & 15
4. Q5 A. How would you
   • B. Explain the concept of Test Checking and its Advantages i) Write short notes: (any three) (15)
   • 3. Inherent Limitations of Auditing
   • 4. Conéurrent

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