Solved IGNOU Assignments

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)

BACHELOR'S DEGREE PROGRAMME Term-End Examination June, 2010 ELECTIVE COURSE: COMMERCE ECO-12: ELEMENTS OF AUDITING Time: 2 hours                                                                            Maximum Marks: 50                                                                                               (Weightage 70%) Note : Attempt any five questions. All questions carry equal marks . Define Auditing. Explain the advantages of an auditing                                           2+8. What do you mean by 'test checking'? State the precautions to be taken by an auditor in this regard.                                                                                                              4+6 Distinguish between verification and valuation of assets. As an auditor how would you verify goodwill and contingent liabilities? What are the objectives of vouching? How would you vouch the following? Payment of wages. Sale of investments. What are the es...