Paper pattern:-
Q1. Objectives (15 marks)
Q2. Full length questions (2 sets of 2 questions each. Attempt any one set)
Q3. Full length questions (2 sets of 2 questions each. Attempt any one set)
Q4. Full length questions (2 sets of 2 questions each. Attempt any one set)
Q5. Short notes (3 of 5)
Unit 1
- What is the types of financial statements
- Who are the users of financial statements
- What is the purpose of auditing
- How is auditing different from accounting
- Explain the limitations of auditing
- What are the types of errors
- What are the types of frauds
- Explain the responsibility of auditor with respect to frauds
- Explain the principles of auditing
- What is interim audit and why is it important
- What is concurrent audit
Unit 2
- What factors would you consider while planning an audit
- Explain the advantages of an audit program
- Explain methods of work in auditing
- Explain the meaning and objective of working paper
- Explain the contents of the working paper
- SN- Auditors Lein on working papers
- Explain the structure of the audit notebook
- Explain the importance of audit notebook
Unit 3
- Test check vs routine check
- How to design an audit sample
- What is internal control and what are its advantages
- SN- Internal check vs internal control
- Internal audit vs statutory audit
- Explain the usefulness on an internal audit
- SN- Internal audit control checks for sales and purchase
Unit 4
- SN- Voucher
- Explain the elements and treatment of audit of expenses
- SN- Audit of contingent liability
- Explain the elements of audit of trademarks, assets, royalties etc
For any further clarifications or doubts, please feel free to What’s-app Vipin Sir on 9820779873
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