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Eco 12 Solved Assignment 2015 1040

ECO – 12
Course Title : Elements of Auditing
Assignment Code : ECO – 12 /TMA/2017-18
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. “In vouching payments, the auditor does not merely seek proof that money has been paid
always”. Discuss and explain the general conditions to be born in mind by the auditor while
vouching cash transactions. (20)
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2. Distinguish between any two of the following:
(a) Audit Programme and Audit Note Book
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(b) Internal Audit and Statutory Audit
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(c) Company Audit and Partnerhsip Audit (10+10)
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3. Explain the procedure of Appointment and Removal of an Auditor in a Company. (10+10)
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4. How will you examine the following items while auditing the accounts of a limited company?
(i) Redemption of Preference Share
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(ii) Forfeiture of Shares (10+10)
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5. (a) What is meant by Clean and Qualified report? Explain the circumstances under which a
qualified report may be necessary.
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(b) Discuss the major areas of examination involved in Management Audit. (10+10)
CLICK HERE TO GET ANSWER

ECO – 12
Course Title : Elements of Auditing
Assignment Code : ECO – 12 /TMA/2017-18
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. “In vouching payments, the auditor does not merely seek proof that money has been paid
always”. Discuss and explain the general conditions to be born in mind by the auditor while
vouching cash transactions. (20)
CLICK HERE TO GET ANSWER

2. Distinguish between any two of the following:
(a) Audit Programme and Audit Note Book
CLICK HERE TO GET ANSWER

(b) Internal Audit and Statutory Audit
CLICK HERE TO GET ANSWER

(c) Company Audit and Partnerhsip Audit (10+10)
CLICK HERE TO GET ANSWER

3. Explain the procedure of Appointment and Removal of an Auditor in a Company. (10+10)
CLICK HERE TO GET ANSWER

4. How will you examine the following items while auditing the accounts of a limited company?
(i) Redemption of Preference Share
CLICK HERE TO GET ANSWER

(ii) Forfeiture of Shares (10+10)
CLICK HERE TO GET ANSWER

5. (a) What is meant by Clean and Qualified report? Explain the circumstances under which a
qualified report may be necessary.
CLICK HERE TO GET ANSWER

(b) Discuss the major areas of examination involved in Management Audit. (10+10)
CLICK HERE TO GET ANSWER

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