Principles Of Auditing Important Questions To Gain A+

Set 1

 ( Important Questions of Principles of Auditing Punjab University to Gain A+)

Q no 1).

Define Audit and what are the objects of Audit?

Q no 2).

Define Audit.What are the Advantages of Audit?

Q no 3).

What is the difference between Accounting and Auditing?

Qno 4).

What are the essentials Qualities of an Auditor?

Q no 5).

Define Continuous Audit and also write its Advantages and Dis-Advantages?

Q no 6).

Define Interim Audit.What are its Advantages and Dis-Advantages?

Q no 7).

Define Final Audit with its Advantages and Dis-Advantages.

Q no 8).

Define Audit Program.Explain its Advantages and Dis-Advantages.

Q no 9).

Suggest a Suitable system of Internal Control over

(a)_Purchase Or stock or stock Dealings

(b)_Sales Dealings Or Debtors

(c)_Cash Dealings

(d)_Cash Sales

Q no 10).

What are the legal requirements about appointment,approval and remuneration of Audit?

Q no 11).

What are the points to be kept in mind for the Auditor before commencing a new Audit?

Set 2

 ( Important Questions of Principles of Auditing Punjab University to Gain A+)

Q no 1)

What is meant by Auditors Bailment ? Explain the Bailment of the Auditor with reference to legal rules regarding :-

(a)_ Negligence

(b)_ Maintenance

(c)_Criminal

(d)_Liable

(e)_Third Party 

Q no 2).

What are the rights,powers of an Auditor?

Q no 3).

What are the Duties of an Auditor

Q no 4).

What do you mean by Auditors report?What steps should be taken by an Auditor for the purpose of Qualified and Un Qualified.

Q no 5).

What steps should be taken by an Auditor for the purpose of Statutory Report?

Q no 6).

What steps should be taken by an auditor for the purpose of prospectus Report?

Q no 7).

What special points should be taken into consideration by an Auditor while Auditing the Accounts of:-

(a)_Books

(b)_Insaurance Company

(c)_Textile Company

(d)_Sugar Company

(e)_Hotel 

(f)_Newspaper Company

Q no 8).

What is Investigation?Explain its Objectives.

Q no 9).

What is Investigation?Explain its classes

Q no 10).

Explain the Difference of Auditing and Accounting.

Q no 11).

Define the vouching. Explain the Various Techniques/Principles of Vouching.

Q no 12).

Define Verification? Explain Various techniques of Verification.

Questions to Gain A+ in the Examinations of Punjab University InshAllah

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