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Audit Practice Paper 2024

1) The document contains questions related to auditing for a third year BBA exam. It covers topics such as CAATs, types of audits, objectives of different audits, and duties of auditors. 2) Multiple choice, one sentence answer, fill in the blanks and true/false questions assess understanding of key auditing concepts and terminology. 3) Long answer questions require explaining the process of appointing company auditors, roles of EDP in auditing, defining cost audit and outlining its objectives and advantages, and discussing the importance and benefits of cooperative and tax audits.

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59 views1 page

Audit Practice Paper 2024

1) The document contains questions related to auditing for a third year BBA exam. It covers topics such as CAATs, types of audits, objectives of different audits, and duties of auditors. 2) Multiple choice, one sentence answer, fill in the blanks and true/false questions assess understanding of key auditing concepts and terminology. 3) Long answer questions require explaining the process of appointing company auditors, roles of EDP in auditing, defining cost audit and outlining its objectives and advantages, and discussing the importance and benefits of cooperative and tax audits.

Uploaded by

pawanithape1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Practice Paper 2024 BBA Third year Sixth semester Auditing XXX

Note: All the questions are compulsory to solve fully / write answer in detail
Q.1. A) Multiple choice questions
1. The techniques, which involve the use of the computer for audit purposes, are known as
a. CAATs b.CAATT c.CAAAT d.CATT
2. __________ is a systematic examination of the books and records or a business.
a. Auditing. b.Vouching c. Verification d. Checking
3. Cost audit is important for:
a. Management b. Share holders’ c. Employees d. All of the above
4. The prime objective of EDP audit is whether computer system:
a. Safeguard assets b. Maintain data integrity
c. Achieve organizational goals effectively d. Consume resources efficiently
5. Management audit otherwise called as _______.
a. Final audit. b. Efficiency audit. c. Cost audit. d. Cash audit

B) Answer in One Sentence


1. A number of checks and controls exercised in a business to ensure its efficient working is
known as
2. The techniques, which involve the use of the computer for audit purposes, are known as
3. The term Audit is derived from the word
4. Management Auditors is appointed by
5. Tax Audit clarifies

C) Fill in the blanks


1. A ______ audit is conducted as per Income tax act
2. Co-Operative societies are established under the Co-Operative Societies_____
3. Auditors of a joint stock company are appointed in ______________ meeting.
4. __________ is a systematic examination of the books and records or a business
5. Objective of Audit is Detection and prevention of _____ and errors

D) True or False
1. An audit is compulsory by law
2. Auditing and Assurance standard are prepared by Government
3. Audit evidence are gathered through E mail to client
4. Section 44AB related with Audit report
5. Income tax act 1962

Q 2 . Explain process of Appointing Company Auditors with his Duties, Powers in details.
Q 3 . What is EDP? Explain Advantages and limitations of EDP.
Q 4 . Define Cost Audit? Explain Nature, Objective, and Advantages of Cost Audit.
Q 5 .'Cooprative Audit is making Cooperative section strong', elaborate the statement with
Need, Importance, Advantages of cooperative Audit.
Q 6. What is Tax Audit? Explain objective and Types of Tax audit in brief.
Q 7. Write Short Note
A. Management Audit. B.CAAT C. Types of Cooperative Audit
D. Types of Audit report in limited company

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