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Posted Date: 09 Dec 2008 Posted By: ayyappan Member Level: Silver
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2008 Alagappa University B.Com Computer Science AUDITING MAY 2008. Question paper
DISTANCE EDUCATION
B.Com. (C.A.) DEGREE EXAMINATION, MAY 2008.
AUDITING
(2005 onwards)
Time : Three hours Maximum : 100 marks
PART A — (5 x 8 = 40 marks)
Answer any FIVE questions.
1. Briefly explain the objectives of auditing.
2. State the need for internal control and how it can be implemented.
3. Briefly explain the methods of stock valuation.
4. What the disqualifications of a company auditor?
5. What is interim dividend? How would you check it?
6. What are the causes of depreciation?
7. What are the differences between audit and investigation?
8. What do you mean by revenue expenditure and deferred revenue expenditure? Give one example each.
PART B — (4 x 15 = 60 marks)
Answer any FOUR questions.
9. Explain the different types of audit.
10. How would you draft an effective internal check system for the sales of an organisation? Explain.
11. Explain the steps involved in the valuation of assets and liabilities of a large concern.
12. What are the preliminary considerations to be noted before commencing the audit of a company?
13. Explain the rights, powers and duties of a company auditor.
14. How would you audit the depreciation charged on the fixed assets of a company? Explain in detail.
15. In the capacity of an investigator, how would you conduct investigation on behalf of a prospective lender of money?
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