This Paper has 20 answerable questions with 0 answered.
| Roll No……… | |
| Total No. of Questions — 7] | [Total No. of Printed Pages — 4 |
| Time Allowed : 3 Hours | Maximum Marks : 100 |
| Answers to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate has not opted for Hindi medium, his/her answers in Hindi will not be valued. |
| Question No. 1 is compulsory. |
| Answer any five questions from the remaining six questions. |
| Marks |
| 1. | Comment on the following: | ||||||
| (a) | "It is not mandatory to send a new engagement letter in recurring audit, but sometimes it becomes mandatory to send new letter." Explain those situations where new engagement letter is to be sent. | 5 | (0) | ||||
| (b) | Vouching of payment of taxes. | 5 | (0) | ||||
| (c) | Removal of auditor before expiry of term. | 5 | (0) | ||||
| (d) | What procedure an auditor should adopt to test the authenticity of cash at bank. | 5 | (0) | ||||
| 2. | (a) | Explain the objectives of internal audit. | 8 | (0) | |||
| (b) | How an auditor can audit allotment of debentures? | 8 | (0) | ||||
| 3. | (a) | Explain the process of external confirmation. Give some examples where external confirmation can be used as audit evidence. | 8 | (0) | |||
| (b) | What are the duties of an auditor in case of reduction of capital? | 8 | (0) | ||||
| 4. | (a) | What is CAATS ? Why are CAAT required in Computerised information system (CIS) environment? | 8 | (0) | |||
| (b) | What is Companies (Auditor’s Report) Order. 2003? Explain the companies which are not covered by the CARO order. | 8 | (0) | ||||
| 5. | (a) | Mention 8 special points which you as an auditor would look into while auditing the accounts of a Recreation Club with facilities for indoor games and in house eatery. | 8 | (0) | |||
| (b) | What are the focus points in doing propriety audits by C & AG as regards government expenditure? | 8 | (0) | ||||
| 6. | (a) | Discuss the areas in which different accounting policies may be adopted. | 6 | (0) | |||
| (b) | Discuss the types of audits required under law. | 5 | (0) | ||||
| (c) | Disclosure requirements of debtors in the financial statements. | 5 | (0) | ||||
| 7. | Write short notes on any four of the following:- | 4x4=16 | |||||
| (a) | Importance of working papers. | (0) | |||||
| (b) | Reliability of Audit Evidence. | (0) | |||||
| (c) | Audit of sale of Investments. | (0) | |||||
| (d) | Verification of assets acquired on lease. | (0) | |||||
| (e) | Advantages of statistical sampling in Auditing. | (0) | |||||
