Description
| University : | IGNOU |
|---|---|
| Program : | BCOM |
| Course Code : | ECO-12 |
| Course Title : | Elements of Auditing |
| Medium : | English Medium |
| Session : | July 2019 and January 2020 (2019-20) |
| Max Marks : | 100 |
| Weightage : | 30% |
| Last Date of Submission : | 15th March, 2020 (for July 2019 session) 15th September, 2020 (for January 2020 session) |
| Solution Type : | Softcopy (PDF File) |
TUTOR MARKED ASSIGNMENT
| Course Code | : ECO-12 |
|---|---|
| Course Title | : Elements of Auditing |
| Assignment Code | : ECO-12/TMA/2019-20 |
| Coverage | : All Blocks |
Maximum marks: 100
Attempt all sections.
- Distinguish between Internal Audit and Statutory Audit. Can the statutory auditor rely upon the internal audit in carrying out his functions as a statutory auditor?
- What do you understand by “outstanding assets” and “outstanding liabilities”? What are the duties of an auditor in relation to outstanding liabilities?
- What is the status of the auditor in a company? How can be protect the rights of the shareholders of the company?
- What do you understand by management audit? How does it help management in improvement of its effectiveness?
- Write short notes on the following :
(a) Errors of Commission
(b) Contingent Liabilities
(c) Divisible Profits
(d) Audit Report
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