SOE

DRIVE

Winter 2015

PROGRAM
SEMESTER
SUBJECT CODE &
NAME

B.Com

BK ID
CREDIT
MARKS

B1801

6TH SEMESTER

BCC 602 & Principles and Practice of Auditing

4
60

Criteria
Marks
Total Marks
Q.No
1
What is the importance of vouching? Distinguish vouching from routine checking.
(10 marks)
A
Unit 4, section-4.2.1, 4.2.2,pg-65

Importance
Vouching is the essence or backbone of

auditing ant it is one of the most important tools

in the hands of the auditor. Difference
Routing checking consists of checking of casts,
subcasts, carry forwards, extensions,
calculations etc. in subsidiary books..
Vouching is done with the object of going
behind the books and satisfying that the
transactions recorded in the books of account
are appropriately authorized.

10

What are the purposes of an audit.

10 marks

Unit -1,section -1.4,Pg-4

The primary object of an audit is to enable the
auditor to express an opinion on the financial
statements that have been subject to such audit.

10
10

Discuss the basic principles of government auditing.

10 marks

Unit -10,section-10.3,pg-177
The basic aim of government auditing is to
achieve public accountability.In government
auditing the scope of financial auditing includes
areas other than the audit of accounts and it 10
includes the evaluation of economy,efficiency
and effectiveness.
10

Distinguish between investigation and auditing.

Unit -11, section-11.3,pg-191

5
A

10 marks

The differences between investigation and audit

are:
Object
Period
(5 points*2 marks each)
Who conducts it and Mandatory
Nature and scope and
Magnitude of work

10

Identify the important factors in assessing depreciation.

10 marks

Unit -5, section-5.3.1,pg-84

The important factors in computing the rate of
depreciation are the cost of the asset, its
effective life and the degree of use to .

Identify the duties of company auditors.

10
10

10 marks

Unit 7,section-7.4.1,130
Company auditors are required to make a report
on the accounts of a company audited by them 10
and on every balance sheet and profit and loss
account .

*A-Answer

10