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Ȫ°µ´m- »ª Answer any FOUR of the following OºñAl¼ ¢¸dºvÑ JËÈ¢m¸ m¸wØAdºOº ¶ª¶¢Ãlû¸m¸vÀ ±¸±ÀµÀAfº

(4×8=32M)

34) Define Auditing. What are its objects? DfºdºAS³¶mÀ n±µöWAVµÀ¶¢ÀÀ. l¸n ±ÀÇÀÀOµÖ v°¸ïv¶mÀ Êp±ÍÖ¶mÀ¶¢ÀÀ 35) Distinguish between Internal Audit and Statutory Audit CAhµ±µØhµ Dfºd³OµÀ, ¥¹¶ªm¸hµîOµ Dfºd³OµÀ Sµv ¶¢ïh¸ï«¸vÉ£Àdº? 36) What is meant by Accountancy and Auditing ? What are its differences? COÓAdÇoù ¶¢À±¼±ÀµÀÀ DfºdºAS³ CAdÉ J£Àdº? ¢¸dº ¶¢Àlûµï ¶¢ïh¸ï«¸vÀ J£Àdº? 37) What are the rights and duties of a Company Auditor? OµAÈpo Dfºd±³ ±ÀÇÀÀOµÖ ¶¬OµÀÖvÀ, £lûµÀvÀ J£Àdº? 38) State the qualifications of an Auditor Dfºd±³ ±ÀÇÀÀOµÖ C±µúhµv¶mÀ hÇvÀ¶pÁ¶¢ÀÀ 39) What is verification of Assets? What are its objects? D¶ªÀåv n±µÃ¶pg C¶mS¸ Êm£À? l¸n±ÀÇÀÀOµÖ v°¸ïv¶mÀ £¶¢±¼AVµAf 40) “Vouching is the essence of auditing” Comment “DfºdºAS³ «¸±¸A¶¥Ê¢À ¢ÐWAS³”¢¸ïP¹ïnAVµÀ¶¢ÀÀ

[4/III Y/119]

[Dec-19]

B.Com. Degree Examination III YEAR AUDITING [CUDCO-302]

DfºdºAS³ (Effective from the admitted batch 2009-10) Time: 3 Hours Max.Marks: 70 ------------------------------------------------------------------------------------------Instructions: All parts of the unit must be answered in one place only. Figures in the right hand margin indicate marks allotted. ------------------------------------------------------------------------------------------Ȫ°µ´m-I Answer the following questions F OºñAl¼ ¶pñ¶¥évOµÀ ¶ª¶¢Ãlû¸m¸w¶¢öAfº (15×1=15M) 1) “Auditing begins where _______ ends” a) Book Keeping b) Audit Programme c) Accountancy d) Ledgers “______ IOµÖfµ ¶¢ÀÀSµÀ¶ªÀåAlÐ COµÖfµ DfºdºAS³ q¸ñ±µAsûµ¶¢ÀSµÀ¶mÀ" I) sÀO³ O½»pAS³ t) Dfºd³ O¸±µïOµñ¶¢ÀA »ª) COÓAdÇoù fº) D¶¢±¸ÝvÀ 2)

Auditor is just like - Dfºd±³ lÉn ¶¢Ãl¼±¼ GAf¸w a) Mad dog b) Watch dog c) Thirsty dog d) Greedy dog I) పిWÛ OµÀOµÖ t) Y¹గ్రత్తగా ఉండే కుకక »ª) lµ»pêSµwS¼¶m OµÀOµÖ fº) Ch¸ï¶¥Sµv OµÀOµÖ

3)

Who appointed Internal Auditor? - CAhµ±µØhµ Dfºd±³¶mÀ I¶¢±µÀ n±ÀµÀ£À«¸å±µÀ a) Managers b) Government c) Shareholders d) Controller and Auditor General I) n±µö¶¬g¸lû¼O¸±µÀô

t)

ప్రñsûµÀhöA µ

»ª) ¢¸d¹l¸±µÀô

fº)

OµAdÑñv±³ CAf³ Dfºd±³ Y¶m±µv

4)

Test checking is not at all applicable for - dÇ´ªà VÇOºAS³ lÉnOº ¶¢±¼åA¶pVɱÀµÀ±¸lµÀ a) Purchase Journal b) Stocks Journal c) Sales Journal d) Cash Journal I) OͶmÀSÐvÀ Wd¹à t) ¶ª±µÀOµÀv Wd¹à »ª) C¶¢ÀîO¸v Wd¹à fº) నSµlµÀ Wd¹à

5)

What is Cost Audit? - O¸´ªà Dfºd³ CAdÉ J£Àdº? a) Audit of cost goods produced b) Audit of Cost Accounts c) Audit by Cost Accountant d) None of the above I) ¶¢¶ªÃåhµêiå ¶¢ï±ÀµÀ Dfºd³ t) O¸´ªà COÓAdÀô Dfºd³ »ª) O¸´ªà COÓAdÇAd³ VÉhµ Dfºd³ fº) ఏమి కావు

6)

Who appoints the company primary auditor? a) Shareholders b) Central Government c) Company Law Board d) Director’s Board OµAÈpo ¶pñlûµ¶¢À Dfºd±³¶mÀ I¶¢±µÀ n±ÀµÀ£À«¸å±µÀ

I) ¢¸d¹l¸±µÀvÀ 7)

8)

9)

t) OÉAlµñ ¶pñsûµÀhµöA »ª) OµAÈpo v¹sѱµÀâ fº) ËfDZÇOµà±µô sѱµÀâ

For which organizations internal check is suitable a) Big organizations b) Small organistations c) Petty Shopkeepers d) None of the above CAhµ±µØhµ hµnR J ¶ªA¶ªævOµÀ C¶mÀOµÃvAS¸ GAdÀAl I) Èplµç¶ªA¶ªævÀ t) W¶m鶪A¶ªævÀ »ª) ¶ªövê lµÀO¸gl¸±µÀvÀ fº) ËÈpÊ¢¤ O¸lµÀ Generally the company Auditor gives his reports to a) Shareholders b) Directors c) State Government d) Controller and Auditor General OµA¶po Dfºd±³ «¸lû¸±µgAS¸ hµ¶m ±¼qÒ±³à¶mÀ EVÉÛl¼ I) ¢¸d¹l¸±µÀvÀ t) ËfDZÇOµà±µÀô »ª) ±¸¶¨àò ¶pñsûµÀhµö¶¢ÀÀ fº) OµAdÑñv±³ CAf³ Dfºd±³ Y¶m±µv³ Vouching refers to - MWAS³ lÉnOº ¶ªAsAlû¼AW¶ml a) Cash receipts b) Cash payments c) Credit transactions d) All the above I) mSµlµÀ ¶¢¶ªÃyµõOµÀ t) నSµlµÀ VÇwôA¶pÁvOµÀ »ª) C±µÀ¶¢Á ¶¢ï¶¢¶®±¸vOµÀ fº) ËÈp¶¢né±ÀµÀÀ

10) Who prepare manipulation of accounts? - lÍASµ vÇOµÖv¶mÀ I¶¢±µÀ hµ±ÀµÃ±µÀ VÉ«¸å±µÀ a) Auditors b) Accountants c) Clerks d) Responsible officials I) Dfºd±µÀô t) COÓAdÇAdÀô »ª) SµÀ¶¢Ã«¸åvÀ fº) s¹lûµïhµSµv Clû¼O¸±µÀvÀ 11) Internal Audit - CAhµ±µØhµ Dfºd³ a) Compulsory for companies b) No need for companies c) Voluntary for companies d) Need for companies I) OµAÈpovOµÀ hµ¶pên¶ª±¼ t) OµAÈpovOµÀ C¶¢¶ª±µA vÉlµÀ

»ª) OµAÈpovOµÀ KWÜOµ¶¢ÀÀ fº) OµAÈpovOµÀ C¶¢¶ª±µ¶¢ÀÀ l2) ____ is the essence of Auditing - DfºdºAS³ «¸±¸A¶¥Ê¢À ________ a) Book Keeping b) Accountancy c) Vouching d) Investigation I) sÀO³ O½»pAS³ t) COÓAdÇoù »ª) ¢ÐWAS³ fº) ¥Ñlûµ¶m 13) What do you mean by the close of financial year Audit? a) Periodical Audit b) Standard Audit c) Efficiency Audit d) Operational Audit ¶ªA¶¢hµù±¸Ah¸¶m Y±¼SÉ Dfºd³¶mÀ J¶¢ÀAd¹±µÀ I) lµ¶¥v¢¸±¼ Dfºd t) q¸ñ¶¢ÃgºOµ Dfºd³ »ª) I»pû»¨±ÀµÀoù Dfºd³

fº) D¶p±É¶¨¶mv³ Dfºd³

14) Secrete reserve is permitted to _______ రహ฀్య రిజర్వ్ లు___కు అనుమతంచ బడును a) Joint Stock Companies b) Partnership c) Insurance Companies d) Co-operative Societies I)జాయం฀్ ฀్ాా క్ కంపెన฀లు t) భాగ్฀్ా్మయము »ª) బ฀మా కంపెన฀లు fº) ฀్హకార ฀్ం฀్థ లు

15) What is Valuation? a) Calculation of Assets value b) Verification of Assets value c) Verification of Existence Assets d) None of the above ¶¢ÀÃv¹ïAOµ¶m¶¢ÀÀ C¶mS¸ Êm£À? I) D¶ªÀåv £vÀ¶¢¶mÀ vÇOµÖO µdÀàd t) D¶ªÀåv £vÀ¶¢¶mÀ hµnRVɱÀµÀÀd »ª) D¶ªÀåv C»ªæh¸öné hµnRVɱÀµÀÀd fº) ËÈpÊ¢¤ O¸¶¢Á

Fill in the blanks F OºñAl¼ P¹¡v¶mÀ ¶pÁ¹±¼AVµAfº

(6×1=6M)

16) The Latin term “Audire” means _________ v¹dº´m ¶plµ¶¢ÀÀ "CËfDZ³" OµÀ C±µæA ___________ 17) The Chartered Accountants Act was passed in the year ______ V¸±µà±³à COÓAdÇAdô VµdජÀÀ¶m À q¸´ª VÉ»ª¶m ¶ªA¶¢hµù±µA __________ 18) Investigation means _________ ¥Ñlûµ¶m CAdÉ ________ 19) Errors of omission is _____; DOµÅhµ lЩ¸vÀ C¶mS¸______ 20) __________ helpful in the preparation of audit report ఆడి฀్ రినుో ర్వా ను త్యారు చేయడానికి ฀్హకరించేది _ _______ 21) Routine checking is a part of the _________ ±Íd½´m VÇOºAS³ _________ vÑ LOµ sû¹Sµ¶¢ÀÀ Match the following: Yhµ ¶p±µÀVµÀ¶¢ÀÀ 22) Errors of principle -»ªl¸èAhµ lЩ¸vÀ

(5x1=5M) a) The Auditor and his audit assistants Dfºd±³ ¶¢À±¼±ÀµÀÀ Df½d±³ »ªsìAl¼

23) Audit programme is prepared by Dfºd³ O¸±µïOµñ¶¢À¶¢ÀÀ¶mÀ hµ±ÀµÃ±µÀ VÉʪl

b) True and Fair view of Financial position ±ÀµÀl¸±µæ ±ÀµÀlû¸m¸ï±ÀµÀ lµÅ¶¥ï¶¢ÀÀ

24) Auditing means - DfºdºAS³ CAdÉ

c) Great use in the efficient running ¢¸ïq¸±µ ¶ªA¶ªæ¶mÀ ¶ª¶¢À±µè¶¢AhµAS¸n±µö»¬AVµf¸nOº IAhµS¸mÐ G¶p±ÀÇÃSµ¶pfµÀhµÀAl¼ d) Accounting policies are not followed COÓAdºAS³ £lû¸m¸v¶mÀ DVµ±¼A VµOµqÒ¶¢fµA e) On Assets verification D¶ªÀåv n±µÃ¶pgvÑ

25) Valuation is the part ¶¢ÀÃv¹ïAOµ¶mA LOµ sû¹SµA 26) Internal check is CAhµ±µØhµ hµnR £lû¸¶mA

Ȫ°µ´m- t Write short notes on any FOUR of the following: OºñAl¼ ¢¸dºvÑ JËÈ¢m¸ m¸wØAdºOº ¶ªASµñ¶¬ ¶ª¶¢Ãlû¸m¸vÀ ±¸±ÀµÀAfº

(4×3=12M)

27) What are the advantages of Auditing? - DfºdºAS³ ±ÀÇÀÀOµÖ ¶pñ±ÀÇÃYm¸vÀ J£Àdº? 28) What is an Audit Programme? - Dfºd³ Oµ±µïOµñ¶¢À¶¢ÀÀ C¶mS¸ Êm£À? 29) State the Contents of Audit Report - Dfºd³ nÊ¢l¼OµvÑn CA¥¹vÀ hÇvÀ¶pÁ¶¢ÀÀ 30) Explain the rights of an Auditor - Dfºd±³ ±ÀÇÀÀOµÖ ¶¬OµÀÖv¶mÀ £¶¢±¼AVµAfº 31) Define Cost Audit and its objects - ¶¢ï±ÀµÀ Dfºd³ ¶¢À±¼±ÀµÀÀ l¸n GlÉ祹ïvÀ £¶¢±¼AVµAfº 32) What are the advantages of the audit of a partnership firm? sû¹Sµ«¸ö¶¢Àï ¶ªA¶ªæ OµÀ Dfºd³ ¶¢v¶m ¶pñ±ÀÇÃYm¸vÀ J£Àdº? 33) What is Vouching? What are its advantages? ¢ÐWAS³ CAdÉ J£Àdº? l¸n ±ÀÇÀÀOµÖ ¶pñ±ÀÇÃYm¸vÀ J£Àdº?...