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.