Download JNTUA MBA 2017 Nov 3rd Sem 12E01305c Auditing & Accounting Standards Question Paper

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Code: 12E01305c

MBA (Finance) III Semester Regular & Supplementary Examinations November/December 2017

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AUDITING & ACCOUNTING STANDARDS

(For students admitted in 2013, 2014, 2015 & 2016 only)

Time: 3 hours                                                                                                      Max. Marks: 60

Answer any FIVE questions

All questions carry equal marks

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1. What do you mean by auditing? Discuss its objectives.
2. What are the advantages of an audit programme?
3. What do you understand by verification? Distinguish between the terms vouching, verification and valuation.
4. Describe the powers of an auditor of a company.

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5. Describe various steps involved in business report writing.
6. Examine the purposes of audit of financial statements.
7. Brief the following:
   1. AS-3 cash flow statement.
   2. AS-9 revenue recognition.

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8. Describe the following:
   1. AS-10 - property, plant and equipment.
   2. AS-12- Government grants.

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