Attempt all the problems shown below:
problem 1: “Auditing starts where Accountancy ends”. Discuss this statement. How does Accountancy vary from Auditing?
problem 2: prepare brief note on the given terms:
i) Internal Cheek.
ii) Internal Audit.
iii) Internal Control.
problem 3: How would you value the following?
i) Intangible Assets.
problem 4: ‘An auditor is a representative of shareholders and as well an officer and an employee of a company’. Do you agree? Discuss the rights and responsibilities of an auditor.
problem 5: Differentiate between the following:
a) Clean and Qualified Report
b) Auditor’s Report and Auditor’s Certificate.