Download OU B.Com 2019 Dec 3rd Year 10064 Auditing Question Paper

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Code No. 10064

FACULTY OF COMMERCE

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B.Com. V - Semester (CBCS) Examination, November / December 2019

(Only for General Courses)

Subject: Auditing

Paper Code - BC - 506

Time: 3 Hours Max.Marks: 80

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PART - A (5x4 = 20 Marks)

[Short Answer Type]

Note: Answer any five of the following questions.

1. Government Audit
2. Audit Program

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3. Internal Audit
4. Importance of Vouching
5. Audit Committee
6. Qualified Report
7. Auditor’s Lien

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8. Cost Audit

PART - B (5x12 = 60 Marks)

[Essay Answer Type]

Note: Answer all the questions.

1. a) Define Auditing. What are the differences between Auditing and Accountancy?
   

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   OR
   b) Explain the objectives and importance of Auditing.
2. a) State the provisions of Companies Act 2013 regarding appointment of the Auditors.
   OR
   b) Discuss the various categories of liabilities of a Company Auditor in brief.

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3. a) What are the differences between External Audit and Internal Audit?
   OR
   b) Describe a system of Internal Check in respect of Wage Payments suitable for a large manufacturing concern:
4. a) Define Vouching. What are the points an auditor should look into when examining vouchers?
   OR
   

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   b) Explain the various problems of EDP Environment.
5. a) What are the various elements of Audit Report?
   OR
   b) State the various methods of Valuation.

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