ASO-3/15

2016
AUDITING

Time Allowed 3 Hours Full Marks i 10o

I f the questions attemp ted are in excess of the

Prescribed number, only the questions attempted
Eirst up to the prescribed nunber shall be valu
ed and the remaining ones ignored.

Answers may be wri tten either in Eng1ish or in Bengali

Dut a l l answers must be in one and the same language.

Attempt any FIVE Ouestions.

1. What is auditing?

b)Differentiate between the fundamental principles of

auditing and the technique of auditing. Explain why
the tatter must be subject to change, though the
Eormer may remain constant.
6+8+6
2.a In course
what
of the audit of proprietorship concems,
steps would you take before commercing the
actual work of audit, upon being appointed as an
audi tor ?

b) How do you differentiate between the tems 'checking'

and 'verification' ? Explain with an example..
10+10
3. aWhat are the components of an audit report ?
Under what situations, does an auditor 1ssue a clean
or unqualified report ?
10+10
4. a) Discuss the different perspectives of audit of govem-
ment expendi ture.
W h a t are the respects in which the audit of government
transactions differ from the audit of commercial entities ?
10+10
What do you understand by the term Cost audit ? What
is the principle behind i t 7 Discuss in brief the scope
Of such an audtand the benetits wnich the management
can derve theref rom,
) Examine the duties of the cost auditor in connecti on to
1Records of ma teri als .
11) Depreciation.
4+3+6+7
6. a) Explain the provisions of the Income Tax Act regarding
compulsory tax audit ?
b) A client of yours suspects that cash is misappropriated
by his employees. He seeks your advice to suggest him a
good system of receipts deaing with the receipts and
paymen ts of cash to avoid such misappropriations.
10+10

P.T.0.

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AS0-3/15
i 2

What do you mean by 'vouching' ? "In vouching payments

the audi tor does not merely seek proof that money has
been paid" ---

Di scuss.
E x p l a i n the meaning of the term 'Investigation'. How
does i t differ from auditing ?
4+8+8
. Write short notes on 1

Authorisation audit.
Test checking.
Intenal control.
Achievement audit.
5x4
 ASNC-8/16
2016
AUDITIHG

Tie Allowed 3 Hours Full Marks 100

Tf tho quostions attopted arc in oxceso o£ the prescribed

nunbar, only th questions atterp ted first up to the pres-
cribed nunber shall be valuod and the remaining onea 1gnored.
Anawers may be wri tten either in Enqliah or in
Bengali but all answersmust bo in one and the
sane language.

Answer any Eive questions.

. Where Accountancy ends Auditing begins'-- Explain.

How doas accountancy differ from auditing ?
Driofly explain the social ob jectives of audit.
(cr Diotinguish between Internal kudit and Statutory Audit.
(7+5+8)

2. wWhat is an Audit 1ote Book 7 hat pupose does i t serve ?

wWhat i a Routi ne Checking ? What types of wozks are
included in Routine Checking ?
wWhat do you mean by Auditing in Depth ? State the
circumotances under which audi ting in depth can be done.

244)+(245) +(2+5) 7
3. (a) Doacribo a gooda ays tem of internal check of dai ly cash
0alea in a big Departmental Store.
(b) Distinguioh between Intemal control and Intemal check
0yotem,
(10+10)
Dofine vouching. Is vouching essential in auditing 7
Hov wOuld you voueh the £ollowing Refund of Income-tax,
Collection from Debtors.
Aa an audi tor how would you verify "Lease hold Property' ?
2+4)+4+4) +67
5. (a) Doscribe the proviaions of the Companies Act, 2013, with
regard to tho following
(1) Rights of a audi tor.
(11) Removal of an auditor from office.

(b) "Capital pro£its may be used for payment of aividends

but dividends must not be paid out of Capital." show
your undorstanding of the otatement and examine itt
critically.
t85)477
6. (a) You have beon appoin ted as an audi tor of a charitable
inotituti.on. Deocribe how you would proceed 1n the matter.
(h) A froud is ouspec ted in a business and you have been
appointod to carryout an investigation. Explain briefly
how would you proceed in thio matter.
(10+10)
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ASIC-0/1G
2

.A What do you understand by management_audit ? Who can

be appointed as a management audi tor 7 To whon 1
reports ? Enumerate the advantages associated wl. th
management audit.
5)(1) Draw out distinction betweon Capital Reserve and
Reserve Capital.
(44) Give a brief idea about Audit File.

C2+3+246) +(344) 7
 NAS (C)-9/17
2017
AUDITENG
Full Mazks 100
Time Allowed 3 Hours
IE the questions attemp ted are in excess of the

prescribed
rst
number onlyEne hall be valued
up to the prescribed number shall
De valued

and the rema1ning ones 1gnored.

in Bengal1 but
Answers may be given either in English or
all answers must be in one and the same Language
ATTEMPT ANY FIVE UESTIONS.

1. ( Audi ting may be defined as an 'accounting control'

Comment.
'Internal Audit is no substitute for statutory Audit'
DBCuss.

What are 'Check

11sts' 5+10+5

2 Test Checking is based on presumption'. What is that

presunption
What system of£ intermal check would you recommend, as
an auditor, as regards Cash Payments ?

what do you mean by teemingand lading'? What

chi ty of an audi t o r in tis respect ?
is the

2+8+(4+6)
(a) "An audi tor is not a
valuer" "An audi tor
intimately is
connected with values" How would you reconcile
these two
statemen ts
(b) How would you verify outs tanding l1abil1ties ?
15+5
4. a Describe the provisions of the Companies Act, 2013 witth
regard to the EOLLOng*
(1) Appointment of an
audi tor
(11) Quali fications of an audi tor
Can dividend
writing off intangible and
be
paid
of £1cticious out
current assets ? profits without
(8+8)+4
What is the value of
differernce betwe en Auditor's Report
adverse
? Is there any
report and qualified report ?
What is Auditor's certificate of
Corporate Governance ?

848)+4
6. What is
governinent audit What are the ?
9overninent audit ? objectives of
Distinguish between government audit and
comercial audit.
(2+8)+100
7. (a) What is Social audit ? G1ve your views on the
of social audit. objectives
(b) Define 'Professional
Misconduct
misconduct and protess1onal and state how
ethics professional
(c)
are related.
Mr. M. Guin,
time Lec tu rer ofpractising Chartered
a

a College has Accoun tant and a part

a book on
Principles ot accepted co-authorship of
Mr. N.
Gayen who 1s an Management
associate along with his
colleague
that college. professor in English of
Is there any prof
essi onal misconduet ? Give reas
ons.
(2+6)+(2+6) +4
 SSA(C)-9/18
2020
AUDITING

TimeAllowed-3 Hours Full Marks-100

Ifthe questions attempted are in excess of the prescribed number, only the questions
attempted first up to the prescribed number shall be valued
and the remaining ones ignored.
Answers may be given either in English or in Bengali but all answers
must be in one and the same language.

Answer any five questions.

1. (a) How is the work of an auditor different from that of an investigator?

b) "In a good system of internal check, the work of one is checked indirectly by the work of
another". Explain the above statement.

(c)What is the process of test checking in auditing? How is test checking different from routine
checking? 5+7+(4+4)=20

2. (a) How will the following matters be included in Auditor's Report under CARO, 2016:
(i) Private placement of preferential issue
(i) Approval of managerial remuneration
(iii) Net worth erosion

(iv) Fixed assets

() Contingent Liability
(b) What would be the effect of the following circumstances on the audit opinion?
i) The company has changed the method of depreciation from Straight Line Method to
Written Down Value Method.

(ii) The Balance Sheet of the company has not been prepared as per Schedule III of the
Companies Act.

(ii) The hard disk of the office computer crashed and substantial financial information relating
to cash expenses were destroyed. (2ax5)+(2x3)=20

3. () What are the conditions applicable for the appointment of intenal auditor in a company?

(b) To what extent can the statutory auditor rely on the work of another auditor?
(e)What are the conditions to be fulfilled for payment of dividend out of reserves?

(d) What are the duties of the auditor regarding interim dividend? 5+5+5+5-20

19146 Please Turn Over

SSA(C)-9/18 (2)
4. (a) What is Tax Audit? Examine the nature of the organizations for which Tax Audit is mandatory.

(b)"Forensic Audit has gained its importance, especially after the series of accounting scams in
India and abroad". Explain how far the statement is justified.

(c)Write short notes on "Environmental Audit" (245)+7+6-20

5. (a) Give a detailed explanation of the provisions under the Companies Act, 2013 with regard to
the following:
) Removal of an auditor
(i) Remuneration of auditor

(b) What are objectives and advantages of Cost Audit? (6+6)+(4+4)=20

6. (a) Why is it important in an organization to have a sound internal control system?

(b) Can the auditors be held responsible if they rely on such internal control system and the
company suffers a loss, thereby?

(C)To what extent can the statutory auditor rely on the work of internal auditor? 7+6+7-20

7. (a) Draft an audit programme for examining the accounts of an educational institution.

(b) What services must an auditor not provide to the company in accordance with Section 144 of
the Companies Act 2013?
(c) What is peer review in auditing? What are its advantages? 8+6+42+4)-20
 AAMCYIX/19

2021
AUDITING

TimeAllowed-3 Hours Full Marks-100

fthe questions attempted are in excess of the preseribed number., only the questions
to the prescribed number shall be evaluated
attempted up
and the remaining ones ignored.
Answers may be given in English or Bengali, but all answers must be in one and he same language

Answer any five questions.

Define intemal control. What are the basic elements of an internal control system?
(b)What are the different types of audit tests?
(C) What are the purposes of audit working papers? 10+5+5-20

(a) Vouching is very often deseribed as the essence of auditing"-Elucidate the statement.
(b) How would you vouch the following items
) Acquisition of land and building
(11) Bad debts recovered
(c) What is audit in depth? What are its advantages and disadvantages? 5+5+10-20
( a ) How is the first auditor of a company appointed?
(b)What is casual vacancy? How is the casual vacancy of an auditor of a company can be filled
up
(C) Briefly mention about the rights of a company auditor. 5+5+10=20

( a ) Can dividend be paid out of the capital profit? Elucidate your answer with relevant provisions
of the Companies Act.
b) Distinguish between Auditor's Report and Auditor's Certificate.
(c) In the context of auditor's report, explain the meaning of true and fair view.
(d) What are the different types of audit report? 5+5+5+5=20

(a) Briefly mention the important points that an auditor needs to consider while conducting
audit of a charitable hospital.
(b) What is management audit? What are its objectives? 12+8-20

6Write short notes on any four of the following: 5x4-20

(a) Comptroller and Auditor General of India
b) Auditor's independence
(C) Distinction between Investigation and Auditing
(d) Objectives and importance of standards on auditing
(e) Government Audit
() Certificate of Corporate Governance

20685 s

410