Importance Que. Of Auditing

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SEMESTER 4 TH B.COM IMPORTANT QUESTIONS OF AUDITING – I 1. Give meaning of auditing. Explain advantages and limitation of auditing. 2. “Accountancy a necessary, while auditing a luxury.” explain in details. 3. Difference between ACCOUNTANCY and AUDITING. 4. Discuss the provisions of companies act, 1956 regarding appointment of auditor. 5. Short note: Qualification of auditor. Disqualification of auditor 6. “vouching is the essence of auditing ” Explain. OR Importance of vouching. 7. Auditors duties regarding vouching. 8. Short notes: Cash sales Collection from debtors cash receipts transactions. Issues of right shares Income tax refund Payment of wages Technical know-how cash payment transactions.

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Transcript of Importance Que. Of Auditing

Page 1: Importance Que. Of Auditing

SEMESTER 4 TH B.COM

IMPORTANT QUESTIONS OF AUDITING – I

1. Give meaning of auditing. Explain advantages and limitation of auditing.

2. “Accountancy a necessary, while auditing a luxury.” explain in details.

3. Difference between ACCOUNTANCY and AUDITING.

4. Discuss the provisions of companies act, 1956 regarding appointment of

auditor.

5. Short note: Qualification of auditor.

Disqualification of auditor

6. “vouching is the essence of auditing ” Explain.

OR

Importance of vouching.

7. Auditors duties regarding vouching.

8. Short notes: Cash sales Collection from debtors cash receipts transactions. Issues of right shares Income tax refund

Payment of wages Technical know-how cash payment transactions. Formation expenses Int. paid u/s 208 of company act.

9. Meaning of verification and auditors duties.

10. Meaning of valuation and auditors duties regarding valuation.

11. Difference between valuation and verification.


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