Attempt all the problems
problem1) “Auditing beings where Accountancy ends.” Discuss and how does Accountancy differ from Auditing?
problem2) What is Internal Check? Describe its objectives and requirements. Differentiate between Internal Check, Internal Audit and Internal Control.
problem3) “Vouching is the backbone of Auditing.” Describe and what points must be kept in mind while examining the Vouchers?
problem4) describe briefly the major provisions of company law regarding appointment, duties and removal of an Auditor.
problem5) prepare brief notes on the following:
(a) Management Audit
(b) Cost Audit
(c) Efficiency Audit
(d) Propriety Audit