Past Guess Paper of Auditing

Past Guess Paper of Auditing.

Guess Paper 1 : Auditing Past Papers

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Examination:   Final, Fall – 2020

Total Marks:    70, Passing Marks (35)

Q.1 Short answer or Fill in the Blanks [14 Marks]

Q.1 Differentiate between the following terminologies…
a) Nature of audit / scope of audit
b) Audit note book / working papers

Q.2 Define audit; also elaborate how it was originated.

Q.3 Explain in detail the procedure for verification of audit. Why a company needs verification?

Q.4 Explain in detail the different techniques for vouching.

Q.5 How do we differentiate correct valuation from correct disclosure?

Q.6 What do you mean by the operation of audit? Discuss.Q.7 How do you understand continuous audit? Through what means it is beneficial and non beneficial for an organization.Q.8 Write short notes on any two of the following.
a) Types of audit
b) audit program
c) Proper authorization

Guess Paper 2 : Auditing Past Papers

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Examination:   Final,  Spring – 2020

Total Marks:    70, Passing Marks (35)

Q.1 Differentiate the following terminologies…
a) Vouching / verification
b) Nature of Audit / Scope of audit

Q.2 How do you differentiate audit from accounting? Discuss.

Q.3 Explain in detail the fundamental principals & techniques of audit.

Q.4 How do companies maintain their internal control? Discuss.

Q.5 Discuss and differentiate audit note book and audit working papers?

Q.6 Why physical existence is required for audit? Explain the concept of physical existence in detail.

Q.7 How vouching of Receipt side and payment side of cash book take place? Explain in detail.

Q.8 Write short notes on any two of the following.
a) Origin of audit
b) Conduct of audit
c) Audit team

Guess Paper 3 : Auditing Past Papers

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Examination:   Final,  Spring – 2020

Total Marks:    70, Passing Marks (35)

Q.2 Explain in detail various principles of internal control with respect to small and manufacturing controls.

Q.3 Though verification and vouching seems similar terms, but both have different aspects; differentiate both.

Q.4 Vouching is a complete procedure and involves various steps. Discuss vouching with respect to cash book payment side.

Q.5 How do we differentiate correct valuation from correct disclosure?

Q.6 Explain the complete Operation of audit as per your own understanding.

Q.7 What are various areas covered in auditing, in other words explain the scope of audit.

Q.8 Write short notes on any two of the following.

a. Verification
b. Objects in audit
c. Origin of audit

Guess Paper 4 : Auditing Past Papers

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Examination:   Final,  Spring – 2019

Total Marks:    70, Passing Marks (35)

Q.1. Elaborate the term Audit and discuss its need & importance in details.

Q.2. Elaborate these terms in precise form.
a) Voucher
b) Audit Notes
c) Audit Program
d) Audit Report
e) Financial Statements.

Q.3. How you will differentiate the internal control form internal check.

Q.4. Enlist various special points which are considered during the conduction of Audit of a Cinema.

Q.5. Enlist six points’ techniques of verification and elaborate them precisely.

Q.6. Write a comprehensive note on application of information technology in current practices of Audit.

Q.7. What are various components of Audit Report?

Q.8. Write short notes on any two of the following:
a) Moral ethics in the audit practices.
b) Auditing as a tool of internal control.
c) Why Auditor is called public Auditor?

Guess Paper 5 : Auditing Past Papers

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Examination:   Final,  Spring – 2018

Total Marks:    70, Passing Marks (35)

Q.1. Elaborate the following terms in most precise form.
(i). Audit Program. (ii). Audit Notes. (iii). Vouching. (iv). Audit Report. (v). liabilities of
negligence.

Q.2. How you will differentiate financial statement from financial audit. Also elaborate need for financial audit.

Q.3. Do you thing the Auditing is playing a vital role in the process of Internal check? Discuss.

Q.4. Enlist various special points which are considered during the conduction of Audit of a General Store.

Q.5. Define the term verification and also elaborate six points techniques of verification.

Q.6. Write a comprehensive note on advantages of the IT in the process of Auditing? Elaborate with examples.

Q.7. What are various parts of the Audit Report?

Q.8. Write short notes on the following:
i) Moral ethics in the audit practices.
ii) Why Auditor is called public Auditor?

Guess Paper 5 : Auditing Past Papers

University Name – Confidential

NOTE: Q.1 is compulsory, attempt any four questions from the remaining. All questions carry equal marks. Phones and other Electronic Gadgets are not allowed.

Time Allowed: 3 hours

Examination:   Final,  Spring – 2017

Total Marks:    70, Passing Marks (35)

Q.1. Write “ T” for true while “ F” for false statements.

(i). Proper Accounting system minimizes the need for auditing.
(ii). Internal audit and internal check are identical terms.
(iii). Internal Auditor is also appointed by share holders.
(iv). External Auditor is normally a regular employee of the company.
(v). Generally the job of vouching is done by three persons.
(vi). Auditing program is normally written is audit notes.
(vii). External audit can also be called a running audit.

Q.2. Elaborate the following terms/expressions in precise form.
(i). Audit. (ii). Audit Program. (iii). Working Papers. (iv). Vouching. (v). Errors. (vi). Audit Report. (vii). Capital expenditures.

Q.3. Write a comprehensive note on the role of Auditing in the internal control system.

Q.4. Elaborate the term continuous Audit and differentiate it from Final audit.

Q.5. What is verification? Also elaborate the six points techniques of verification.

Q.6. Do you agree that main objective of Auditor is to check book of Accounts and detect and prevent errors? What types of qualities are required for an auditor?.

Q.7. How you will differentiate the Audit Report from Annual Report? Also enlist only the components of Audit Report.

Q.8. Write short notes on the following:
i) Role of IT in conduct of proper Audit.
ii) General principles of Govt. Auditing.

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Author: Prof. Fazal Rehman Shamil

CEO @ T4Tutorials

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