Fundamentals of Auditing (acc311)

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 operational audit. marks 2
Q2:Who is subsequent auditor and who shall appoint subsequent auditor? marks 2

Q3: Define tort of negligence. marks 3
Q4: What is flow chart and how it helps auditor to understand internal control. marks 3

Q3: In order to obtain audit evidence for reasonable assurance,in what ways an auditor can obtain audit evidence.. marks 5
Q4: The substantive procedure are often use in test controls and what is the timing and nature of these procedures? marks 5

Best of luck....