Auditing Important Questions For B.com 2nd

AUDITING IMPORTANT Questions
Shahen Shah Zaidi
Professor OF GCC Bahawalpur

1. Define Auditing.Explain The objectives of Audit
2. Define Auditng.Discuss the Scope of Audit
3. Explain Difference between Auditing & Accouting
4. Explain the different kinds of Auditing
5. Define Continuous Audit.Explain its merits and demerits
6. Define Final Audit.Explain its merits and demerits
7. Define Interim Audit. Explain its merits and demerits
8. Explain the different between Final Audit and Continuous Audit
9. Define Internal Control.Explain its merits and demerits
10. Define internal Check.Explain its Principles and Objectives
11. Explain the difference between internal control and internal check
12. Explain Vouching.Decribe its Objects and Techinques
13. Describe the steps taken by the Auditor in Vouching
.i Cash Sales ii Travelling Expenses
.iii Commission incomes iv Commission Expenses
.v Cash Purchases
14.Define Verfication.What are its Objects ?
15.Explain the Techinques and Principles of Verification
16.Explain the difference between Verfication and Vouching
17.How the Auditor will Verify the Following Assests and Liabilities;
.i Land and Buildings ii Bill Receivable
.iii Plant and Machinery iv Account Payable
18.Define investigation.Explain its Reasons and Objectives
19.What are the Principles and Techinques of investigation
20.Explain the difference between the Audit and investigation
21.Define Auditor.Explain the Qualifications and Disqualifications
22.Explain the Appointment Procedure and the Removal Procedure of an Auditor
23.What are the Rights and Duties of an Auditor
24.Explain the liabilities of an Auditor
25.Define Qualified Report.Explain its Different Kinds
26.Define Qualified Report.Explain its Reasons and Specimen
27.Define Un-Qualified Report.Explain its Reasons and Specimen
28.Explain the Special Points,Which are followed by the Auditor;
.i Textiles Mills ii Bank
.iii Sugar Mills iv Cement Factory
.v Hotel
29.Wirte the notes on following;
Ø Auditor Programme
Ø Vouching is the Essence of Auditing.
Ø Audit Working Paper
Ø Difference between computer Audit and Manual Audit
Ø Audit Notes Book


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