Auditing

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Disclaimer: Please note that these question banks are important questions to be done, however the whole syllabus must also be revised.

Paper pattern:-

                Q1. Objectives (15 marks)

                Q2. Full length questions (2 sets of 2 questions each. Attempt any one set)

                Q3. Full length questions (2 sets of 2 questions each. Attempt any one set)

                Q4. Full length questions (2 sets of 2 questions each. Attempt any one set)

                Q5. Short notes (3 of 5)

Unit 1

  1. What is the types of financial statements
  2. Who are the users of financial statements
  3. What is the purpose of auditing
  4. How is auditing different from accounting
  5. Explain the limitations of auditing
  6. What are the types of errors
  7. What are the types of frauds
  8. Explain the responsibility of auditor with respect to frauds
  9. Explain the principles of auditing
  10. What is interim audit and why is it important
  11. What is concurrent audit

Unit 2

  1. What factors would you consider while planning an audit
  2. Explain the advantages of an audit program
  3. Explain methods of work in auditing
  4. Explain the meaning and objective of working paper
  5. Explain the contents of the working paper
  6. SN- Auditors Lein on working papers
  7. Explain the structure of the audit notebook
  8. Explain the importance of audit notebook

Unit 3

  1. Test check vs routine check
  2. How to design an audit sample
  3. What is internal control and what are its advantages
  4. SN- Internal check vs internal control
  5. Internal audit vs statutory audit
  6. Explain the usefulness on an internal audit
  7. SN- Internal audit control checks for sales and purchase

Unit 4

  1. SN- Voucher
  2. Explain the elements and treatment of audit of expenses
  3. SN- Audit of contingent liability
  4. Explain the elements of audit of trademarks, assets, royalties etc

Text books recommended

  1. Sheth Publications,
  2. Vipul Publications
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Education Qualification: BMS- N M College (University Rank Holder) PGDBM- Sydenham College M Com- College topper Mr Vipin Saboo has been associated with the following institutes as a visiting faculty Lords college, Malad Patkar College, Goregoan Saraf college, Malad Dalmia college, Malad St Andrews College, Bandra Wilson College, Grant Road Thakur college, Kandivili L N College, Kandivili N K College, Malad Dhanukar College, Vile Parle St Xaviers College, Marine Lines Shroff College, Kandivili KES College, Khar Mr.Vipin Saboo also has more than 5 years of industry expertise with corporate like CRISIL, Motilal Oswal Investment Banking and Yes Bank. Mr. Saboo has also published a text book on Logistics and Supply Chain Management for TYBMS Students.
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