ECO-12 Elements of Auditing Solved Assignment 2017-18 FREE

Description

ECO – 12 Solved Assignment (FREE)
Course Title : Elements of Auditing
Assignment Code : ECO – 12 /TMA/2017-18
Coverage : All Blocks
Maximum Marks: 100

Questions Solved In PDF Solution File:

1. “In vouching payments, the auditor does not merely seek proof that money has been paid
   always”. Discuss and explain the general conditions to be born in mind by the auditor while
   vouching cash transactions.
2. Distinguish between any two of the following:
   (a) Audit Programme and Audit Note Book
   (b) Internal Audit and Statutory Audit
   (c) Company Audit and Partnerhsip Audit
3. Explain the procedure of Appointment and Removal of an Auditor in a Company.
4. How will you examine the following items while auditing the accounts of a limited company?
   (i) Redemption of Preference Share
   (ii) Forfeiture of Shares
5. (a) What is meant by Clean and Qualified report? Explain the circumstances under which a
   qualified report may be necessary.
   (b) Discuss the major areas of examination involved in Management Audit.