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

Download OU (Osmania University) B.Com 2019 Dec 3rd Year 10064 Auditing Previous Question Paper

Code No. 10064
FACULTY OF COMMERCE
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 PART ? A (5x4 = 20 Marks)
[Short Answer Type]
Note: Answer any five of the following questions.
1 Government Audit
2 Audit Program
3 Internal Audit
4 Importance of Vouching
5 Audit Committee
6 Qualified Report
7 Auditor?s Lien
8 Cost Audit
PART ? B (5x12 = 60 Marks)
[Essay Answer Type]
Note: Answer all the questions.
9 a) Define Auditing. What are the differences between Auditing and Accountancy?
OR
b) Explain the objectives and importance of Auditing.
10 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.
11 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.
12 a) Define Vouching. What are the points an auditor should look into when examining
vouchers?
OR
b) Explain the various problems of EDP Environment.
13 a) What are the various elements of Audit Report?
OR
b) State the various methods of Valuation.
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