IMPORTANT QUESTIONS – AUDITING – Dibrugarh University -(4th Semester)

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  1.  What are the various classes of audit? Explain them briefly.
  2. What is an interim audit? How does it differ from the continuous audit?
  3. What is internal audit? How does it differ from the statutory audit?
  4. Explain briefly the concept of propriety audit?

Unit II

  1. What do you understand by the term “routine checking” ? Discuss its objects, advantages and limitations.
  2. Define vouching. What precautions should be taken by the auditor while examining the vouchers?
  3. Explain the term ‘vouching’ and discuss its importance.
  4. “Vouching is an essence of auditing”.  Explain this statement with suitable examples.  

Unit III

  1. What are the special considerations involved in the audit of a company?
  2. Enumerate the statutory books which a company is required to maintain under the law.
  3. What are the duties of an auditor as regards audit of the share capital of a company?
  4. How would you check the correctness of the following items while auditing the accounts of public company?
    1. Directors remunerations
    2. Preliminary  expenses , and
    3. Discounts on issues of shares
  5. What are the auditor’s duties in regard to:
    1. Shares forfeited
    2. Payment of interest out a capital ,
    3. Powers to issue shares at a discounts,
    4. Shares issued at premium?
  6. State the procedure an auditor should follow to verify the issues of shares capital:
    1. For cash,
    2. For consideration other than cash.
  7. How will you examine the following items while auditing the accounts of a limited company?
    1. Redemption of preference shares.
    2.  Forfeiture of shares.


  1. What are the contents and format of an Auditor’s report?
  2. What is a qualified report and what is a clean report?
  3. Explain in brief various types of audit report, also give example of clean audit report.
  4. Write note on:
    1. Disclaimer of auditor’s opinion
    2. Element of an audit report
    3. Qualified audit report
  5. Explain various matters to be maintained in auditor’s report under CARO 2003.
  6. Distinguish between clean audit report and qualified audit report.
  7. What do you understand by:
    1. Removal of cost auditor
    2. Remuneration payable to Cost Auditor?
  8. Make a distinction between Cost Audit and Financial Audit.


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