Elements of Auditing

ASSIGNMENT
2015-16

TUTOR MARKED ASSIGNMENT
Course Code : ECO - 12
Course Title : Elements of Auditing
Assignment Code : ECO – 12/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100

Attempt all the questions.
1. Define Auditing. Explain its objectives and advantages.(20)
2. What is meant by verification? How does it differ from valuation? How would you verify the following?
a) Goodwill
b) Plant and Machinery (10+10)
3. Discuss the main provisions of company law regarding the appointment, duties and removal of an auditor.(20)
4. What important documents would you inspect before commencing the audit of a company? Explain (20)
5. Write short notes on the following:
a) Cost Audit
b) Clean and Qualified Report (10+10)

Comments

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