Scribd
Upload
9 views

FYBAF Sem II Auditing QP Set 1

The document outlines a structured examination paper for auditing, consisting of multiple-choice questions, true/false statements, and detailed explanatory questions. It covers various topics including audit principles, types of errors, audit procedures, and techniques, with a total of 75 marks available. The exam is designed to assess knowledge and understanding of auditing concepts and practices.

Uploaded by

Saniya Rafique
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
9 views

FYBAF Sem II Auditing QP Set 1

The document outlines a structured examination paper for auditing, consisting of multiple-choice questions, true/false statements, and detailed explanatory questions. It covers various topics including audit principles, types of errors, audit procedures, and techniques, with a total of 75 marks available. The exam is designed to assess knowledge and understanding of auditing concepts and practices.

Uploaded by

Saniya Rafique
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Time: 2 ½ Hours.

Total Marks: 75

N.B. 1. All questions are compulsory.


2. Figures to the right indicate full marks.

Q.1.A. Select the correct alternative and re-write the statement (any 8) (8)
1. The term Audit is derived from ……….. language. (Latin, Greek, England)

2. Audit Note Book is also called as audit ……….. . (Record, File, Memorandum)

3. ……….. is a systematic examination of books and records of a business. (Auditing,


Vouching, Verification)

4. Unintentional mistake is …………………….. . (Error, Fraud, Unintentional error)

5. Working papers are the property of the ………. .(Auditor, Management, Creditors)

6. Bills receivable account is a ……… account. ( Real, Personal, Nominal)

7. Standard on audit ……….. deals with Audit Planning. (300, 500, 700)

8. Written Audit Plan is called as audit ………….. . (Programme, Note Book, File)

9. Audit technique of ………. means a formal inquiry from outsiders. (Confirmation,


Inspection, Detention)

10.Internal check is instituted by the ………… . (Management, Auditor, Government)

Q.1.B. State whether the following statement are True of False. (any 7) (7)
1. Systematic selection method of sampling is also known as interval sampling.
2. Cash embezzled from cash box is a type of fraud.
3. Balance confirmation from Debtors is an internal document.
4. Audit Programme does not ensure repetition of work.
5. Audit plan should be primarily based on knowledge of clients business.
6. Pocketing first receipt from party X and showing second receipt from party Y as received
from party X is known as teeming and landing.
7. Fictious entries made in the books of accounts with certain motives are called errors.
8. Auditor has right of lien on correspondence done with tax department.
9. While determining the sample size, the auditor should consider sampling risk, the tolerable
error and the expected error.
10. Routine checking save time.

Q.2.A. Explain basic principles of Audit. (8)


B. What is Error? Explain types of error.. (7)
OR
Q.2.C. Write in detail about Test Check, its advantages and disadvantages. (8)
D. Explain in detail what secret reserve is and how they are created. (7)
Q.3.A. What is audit procedure?Explain the two types of audit procedure. (8)
B. Explain in detail about routine checking, its features and objectives. (7)
OR
Q.3.C.Explain in detail about qualities of a good auditor. (8)
D. Explain in detail about audit programme,its content and Advantages. (7)

Q.4.A. What are the objective/purpose of auditing? (8)


B. Explain in detail about audit planning. (7)

Q.4.C. Distinguish between Routine Checking and Test Check (8)


D. Explain in detail about the auditing techniques. (7)

Q.5.A. Explain in detail about misappropriation of cash and Goods. (8)


B. Explain in detail about audit evidence needed by the auditor while doing an audit in
client’s office. (7)
OR
Q.5. Write short notes (any 3) (15)
1. Window Dressing.
2. Teeming and lading
3. Essential of good audit evidence
4. Internal Control
5. Audit sampling

You might also like