IGNOU| ELEMENTS OF AUDITING (ECO - 12)| QUESTION PAPER – (JUNE

IGNOU| ELEMENTS OF AUDITING (ECO - 12)| QUESTION PAPER – (JUNE - 2023)| (BDP)| ENGLISH MEDIUM

Note: Attempt any five questions. All questions carry equal marks.

1. "Auditing begins where accountancy ends." Discuss this statement. How does accountancy differ from auditing? 5+5

2. What are the qualities of an auditor? 10

3. Differentiate between the following: 5+5

(i) Interim Audit and Internal Audit

(ii) Continuous Audit and Periodical Audit

4. Suggest a suitable system of internal check for cash sales. 10

5. "Vouching is the backbone of auditing." Explain this statement and state the points which are kept in mind while examining the vouchers.5, 5

6. "An auditor is not valuer and yet he is intimately concerned with proper valuation of assets and liabilities." Explain. 10

7. How an auditor would verify the following? 5, 5

(i) Preliminary Expenses

(ii) Outstanding Expenses

8. State the qualifications and disqualifications of the auditor for a company. 3,7

9. Write short notes on any two of the following: 5,5

(i) Final Audit

(ii) Cost Audit

(iii) Management Audit

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