DU SOL Question Paper 2018 B.Com (Hons.) Auditing

This question paper contains 7 printed pages]

Your Roll No.

602

B.Com. (Hons./ll G

Paper Code : B-108

Paper XIV-B-AUDITINC

Time : 2 Hours Maximtrnt Marks : 50

(r|rite ),our Roll No. on the top inmediately' on receipl qf lhis question paper.)

Note '.- (r) Answers may be written either in English or in
Hindi; but the same medium should be used

throughout the paper.

(t/) The maximum marks printed on the question
paper are applicable for the candidates registered
with the School of Open Learning for the B.A.
(Hons.)/B.Com. (Hons.). These marks will,
however, be scaled down proportionately in
respect of the students of regular colleges, at the
time of posting of awards for compilation of
result.

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l. "Accounting is a necessify rvhile auditing is a ruxury
for business".
Comment on this statement and examine advantages of auditing

for a business. g

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What is audit ? Distinguish between audit and investigation.

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Distinguish between atrditing and
accounting'
2. \a)

does it differ from internal
(b) What is internal Check ? How

auditor rely on intemal
control ? To rvhat extent should an
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check ?

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vouch the
(a) What is vouching ? How would You
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follorving ?

(,) lncome tax Payment

(ll) Sale of investment

(lil) Recovery of bad debt'
P.T.O.

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audit' Point out their
(b) Define annual audit and continuous
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advantages and disadvantages'

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3. (a) What is verification ? How

(,) Plant and Machinery

(il) Contingent LiabilitY'

Explain the Provisions of
the ComPanies Act with
(b)

regard to the appointment
of an auditor of a Public
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company.

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and verification' How
(a) Distinguish between vouching

faristheauditorresponsib|easregardstovaluation

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audit report' Draft
(D) Distinguish between clean and qualified
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an imaginary qualified audit
report' '
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the relevant provrslon
4. (a'l Why is tax audit necessary ? Discuss

of the Income Tax Act'

Act regarding liabilities
(r) Discuss the provision of Cornpanies

o[ an audito '' '

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Discuss the procedure of removal
of a statutory auditor
\a)
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under the ComPanies Act'

(1)

audit and management audit'
(b) Distinguish between cost
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cost audit'
Also discuss significance of

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