1. Limitations of Auditing.
2. Qualities of a Good Auditor.
3. Difference between Auditing, Accounting & Investigation.
4. Powers of Company Auditor
5. Circumstances of special Audit.
6. Audit of issued shares for consideration other than cash
7. Audit of Buy Back of shares.
8. Schedule VI requirements.
9. Changes in Accounting Policies.
10. Objects of providing Depreciation.
11. Need for Evaluation of Internal Control system.
12. Audit of club.
13. Audit of fees collection of college.
14. Vouching of following Transactions.
a) Sale of scrap material.
b) Cash sales.
c) Receipts from Debtors.
d) Recovery of Bad debts written off early year.
e) Board directors fees.
f) Advertisement expenditure.
g) Preliminary Expenditure.
h) Traveling Expenditure.
i) Salaries & wages.
j) Retirement, gratuity.
15. How will you verify the following.
a) Good will
b) Patents & copy rights
c) Lease hold properties.
d) Railway sidings.
e) Live Stocks.
f) Contingent Liabilities.
g) Bank Borrowings.
16. Considerations while checking the adequacy of provisions for doubtful debts.
17. Direct confirmation procedure.
18. Appointment of Auditor by Central Government.
19. Provisions of Companies act regarding maintenance of books of accounts and records.
20. Kinds of Audit opinion.
21. Independence of Comptroller & Audit General (C & AG)
22. Features of EDP Environment.
23. Problems of Auditors in the case of Audit of small Companies.
24. Provisions of Companies act regarding maintenance of books of accounts and records.
25. Distinguish between
a) Audit Principles & Audit Techniques.
b) Capital Reserves & Reserve Capital.
c) Internal Audit & Statutory Audit.
d) Capital Reserves & Revenue Reserves
e) Internal Check Vs. Internal Audit.
f) Reserves Vs. Provisions
Short Answer Questions
26. Cut off procedure.
27. Surprise Check.
28. Remuneration of Auditor.
29. Disclaimer of Report.
30. Extra-Ordinary Items.
31. Accounting estimates.
32. Depreciation Vs Fluctuation.
33. Engagement letter.
34. Letter of Weakness.
35. Management Representation letters.
