Principles and practices of auditing (blue print)
SECTION A SECTION B SECTION C SECTION D
MODULE 1 2 1 1 1
MODULE 2 1 1 1 -
MODULE 3 2 1 1 -
MODULE 4 1 1 2 -
MODULE 5 1 1 - 1
TOTAL 7 5 5 2
QUESTIONS
MODULE 1
INTRODUCTION TO AUDITING
2 marks questions
1. What is the meaning of Auditing?
2. Define Auditing?
3. Write the objectives of Auditing?
4. What is the meaning of Errors?
5. What is the meaning of Audit Working Papers?
6. What is the meaning of Audit Note Book?
7. What is the meaning of Audit Planning?
4 marks questions
1. Write the Difference between Accounting and Auditing?
2. Explain the Types of Errors?
3. Explain the Advantages and Disadvantages of Continuous Audit?
4. Briefly explain the purpose of working papers?
10 marks questions
1. Briefly explain the types of Audit?
2. Briefly explain the objectives of Auditing?
3. Briefly explain the Merits and Demerits of Auditing?
4. Explain the steps before commencement of New Audit?
8 marks questions
1. Explain the contents of Audit Note Book?
2. Write the blueprint of Audit Programme?
MODULE 2
RISK ASSESSMENT AND INTERNAL CONTRL
2 marks questions
1. What is the meaning of Audit Risk?
2. What is the meaning Internal Check?
3. What is the meaning of internal control?
4. What is the meaning of Routine Check?
5. What is the meaning of Continuous Audit?
4 marks questions
1. Write the objectives of Internal Control?
2. Write the distinguish between internal check and internal control?
3. Write any 10 fundamental principles of Internal Check?
4. Briefly explain the process or procedure of risk assessment?
10 marks questions
1. Explain in detail Internal check to wage payment?
2. Explain in detail Internal check to cash sales?
3. Explain in detail Internal check to cash purchases?
MODULE 3
VERIFICATION AND VALUATION OF ASSETS AND LIABILITIES
2 marks questions
1. What is verification of assets?
2. What is valuation of assets?
3. What is intangible assets?
4. Write the different types of assets?
4 marks questions
1. Write the objectives of verification and valuation?
2. Write the points to be considered by an auditor while valuing assets?
3. Explain the verification of land and building, plant and machinery, goodwill, investments,
stock in trade (any two)?
10 marks questions
1. Explain the verification of land and building, plant and machinery, goodwill, investments,
stock in trade (any three)?
MODULE 4
COMPANY AUDIT AND AUDIT OF OTHER ENTITIES
2 marks questions
1. What is Company Auditor?
2. Write any 5 audit procedures of NGO’s?
3. Mention any 4 rights of company auditor?
4. Mention any 4 duties of company auditor?
5. Mention civil liability of company auditor?
4 marks questions
1. Write the civil and criminal liabilities of the company auditor?
2. Explain the appointment of an auditor and removal of an auditor?
3. Explain the duties of company auditor?
10 marks questions
1. Explain the audit procedure of Educational Institution, charitable institution, Insurance
companies, NGO’s (any two)?
2. Explain the rights, duties and responsibilities of an company auditor?
3. Explain the powers and qualification of an auditor (statutory and professional)?
MODULE 5
AUDIT REPORT AND PROFESSIONAL ETHICS
2marks questions
1. What is Audit Report?
2. What is Professional Ethics?
3. Write any 4 principles of professional ethics?
4. Mention any 4 essentials of professional ethics?
5. Mention types of Audit report?
4 marks questions
1. Briefly explain the types of audit report?
2. Explain the fundamental principles of professional ethics?
3. Explain code of ethics?
8 marks questions
1. Draft an audit report?
2. Draft an clean report or qualified report?
3. Draft an unqualified report?
