Fundamentals of Auditing
Midterm current Paper:
Total Questions were 25
19 objective MCQ's of 19 marks
6 subjective questions
2 questions of 2 marks
2 questions of 3 marks
2 questions of 5 marks
Subjective:
Q1: Define objective of auditing. marks 2
Q2:Who is subsequent auditor what are his responsibilities? marks 2
Q3: Why it is neccessary ti keep books of account and balance sheet.. marks 3
Q4: What is flow chart and how it helps auditor to understand internal control. marks 3
Q3: Write atleast five areas in which it is neccessary for auditor to make personal inspection.. marks 3
Q4:What are the substantive procedure in test controls and what is the timing for these procedures? marks 3
Objective was from past papers...and easy
best of luck for your exams......
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