This Paper has 18 answerable questions with 0 answered.
| Roll No……… | |
| Total No. of Questions — 7] | [Total No. of Printed Pages — 7 |
| Time Allowed : 3 Hours | Maximum Marks : 100 |
| Q.No. 1 is compulsory. |
| Answer any five questions from the remaining six questions. |
| Marks |
| 1. | Comment on the following in relation to SAs: | | |
| | (a) | "The work performed by each assistant needs to be reviewed by personnel of at least equal competence." | 5 | (0) |
| | (b) | "Audit documentation serves a number of additional purposes." | 5 | (0) |
| | (c) | "Management is responsible for compliance with laws and regulations." | 5 | (0) |
| | (d) | "Auditor shall establish an overall strategy that sets the scope, timing and directions of the audit, and that guides the development of the audit plan." | 5 | (0) |
| 2. | (a) | Explain various methods to obtain audit evidence. | 8 | (0) |
| | (b) | List out some examples of fraud that can be done by ledger keeper in Bought ledger and sales ledger. | 8 | (0) |
| 3. | (a) | Discuss Limitation of audit. | 8 | (0) |
| | (b) | Discuss perquisites and fundamental principles to be possessed by an auditor. | 8 | (0) |
| 4. | (a) | Give various factors which result in increase in Gross profit. | 8 | (0) |
| | (b) | Define depreciation and discuss various purposes of providing depreciation. | 8 | (0) |
|
| 5. | Mention any 8 special points which you as an auditor would look into while auditing the books of accounts of: | 8+8 | (0) |
| 6. | (a) | Explain the concept of joint audit. Discuss its advantage and disadvantage. | 8 | (0) |
| | (b) | Explain the powers of company to purchase its own securities. | 8 | (0) |
| 7. | Write short notes on any four of the following:- | 4x4=16 | |
| | (a) | Reissue of redeemed debentures | | (0) |
| | (b) | Internal control in small business | | (0) |
| | (c) | Stratified sampling | | (0) |
| | (d) | Audit of expenditure in Government audit | | (0) |
| | (e) | Cut–off procedure | | (0) |
