Auditing B.COM 3rd Term 2016 Past Paper UOS

University of Sargodha
B. Com. 3rd Term Examination 2016
Paper: BCT-402 Auditing

Time Allowed: 2:30 Hours
Maximum Marks: 80

Objective Part (Compulsory)

(32 marks)

Q.#1: Explain the following in two lines only:

i. Comparison
ii. Propriety Audit
iii. Partial Audit
iv. Rotation Principle
v. Audit Working Paper
vi. Random Selection
vii. Routine Checking
viii. Posting
ix. Compensating Errors
x. Window Dressing
xi. Lapping
xii. Casting
xiii. Allocation
xiv. Conflict
xv. Bin Card
xvi. Business Investigation

Subjective Part

Note: Attempt any three questions. All questions carry equal marks. (48 marks)

Q.#2: Define Auditing. Explain in detail the objectives of Auditing. (16 marks)

Q.#3: Define test checking. Describe its Merits and Demerits. (16 marks)

Q.#4: What is internal control? Explain its Features and objectives. (16 marks)

Q.#5: What special Audit points involved in the Audit of newspaper company? (16 marks)

Q.#6: Discuss the rights powers and duties of an Auditor. (16 marks)