B.COM PART 2: AUDITING AND INCOME TAX , IMPORTANT QUESTION 2013.
AUDITING – IMPORTANT QUESTIONS
BY KHALID AZIZ
1) Define auditing and describe its objectives.
2) Define investigation and distinguish it with auditing.
3) Describe the rights and duties of an auditor.
4) What are various types of audit?
5) What are audit work papers? What are their purposes? What are the usual contents
of audit work papers?
6) Define audit techniques, name them and explain any five of them.
7) What is meant by evidence in auditing? Name the various types of audit evidence.
8) Write a detailed note on audit program.
9) Distinguish between financial audit and cost audit.
10)What points should be considered while auditing the annual accounts of a hotel &
restaurant, Banks, Doctors, Educational institutions, charitable institutions.
11)What are divisible profits? What should be the guiding principles in determining the
divisible profits?
12) Explain the importance of an accurate valuation of inventories and list steps for the
verification of inventories.
13)Define fraud and explain types of fraud.
14)Write detailed notes on internal control, internal audit and cost audit.
15)Audit report (qualified and unqualified)
16) Income tax short notes:
A. Total income
B. Income year
C. Sales tax
D. Income tax authorities
E. Powers of income tax officers
F. Tax payers
G. Central board of revenue (cbr)
H. Registered firm
I. Persons
J. Assessment year
K. Appellate tribunal
L. Assessee
M. Casual income
N. Self assessment scheme
AUDITING – IMPORTANT QUESTIONS
BY KHALID AZIZ
1) Define auditing and describe its objectives.
2) Define investigation and distinguish it with auditing.
3) Describe the rights and duties of an auditor.
4) What are various types of audit?
5) What are audit work papers? What are their purposes? What are the usual contents
of audit work papers?
6) Define audit techniques, name them and explain any five of them.
7) What is meant by evidence in auditing? Name the various types of audit evidence.
8) Write a detailed note on audit program.
9) Distinguish between financial audit and cost audit.
10)What points should be considered while auditing the annual accounts of a hotel &
restaurant, Banks, Doctors, Educational institutions, charitable institutions.
11)What are divisible profits? What should be the guiding principles in determining the
divisible profits?
12) Explain the importance of an accurate valuation of inventories and list steps for the
verification of inventories.
13)Define fraud and explain types of fraud.
14)Write detailed notes on internal control, internal audit and cost audit.
15)Audit report (qualified and unqualified)
16) Income tax short notes:
A. Total income
B. Income year
C. Sales tax
D. Income tax authorities
E. Powers of income tax officers
F. Tax payers
G. Central board of revenue (cbr)
H. Registered firm
I. Persons
J. Assessment year
K. Appellate tribunal
L. Assessee
M. Casual income
N. Self assessment scheme
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