June – 2021
B.Com. (VI Semester) Examination
Commerce
BCM-601 (New Course)
(Auditing)
Full Marks : 50
Pass Marks : 35%
Time : Two Hours
Notes: (i) Answer all questions as per the instructions given in each section.
(ii) The figures in the margin indicate full marks for the questions.
Section-I
1. Answer the following questions 2X5= 10
a) Define Audit.
b) What do you mean by internal check?
c) What is voucher and vouching?
d) What do you mean by audit report?
e) What is cost audit?
Section-II
2. Answer any four of the following questions: 5X4= 20
a) Discuss the qualification and disqualification of a company auditor.
b) What is internal control? Distinguish between internal control and internal check.
c) Explain various types of Auditor’s report.
d) Discuss the recent trend in auditing.
e) Distinguish between verification and valuation.
f) Write a note on ‘Auditing Standard’.
g) What do you mean by valuation of assets and liabilities?
Section-III
3. Answer any two of the following questions: 10X2= 20
a) Describe the process of verification of fixed assets in a Joint Stock Company.
b) What do you mean by audit? Discuss the objectives of auditing.
c) Discuss the procedures of appointment and removal of company auditor.
d) Describe the procedure of performing annual audit of a hospital.
e) Explain the process of vouching of cash sales and cash receipts.
