Auditing Notes for B.Com (Part-II) / ADP / ADC / BBA / BS (Commerce and Finance)

Principles of Auditing / Auditing Notes for B.Com Part 2 / B.Com (Part-II) / B.Com (Hons) / ADP / ADC / BS (Accounting and Finance) / BBA / BS (Commerce) / BS (IT). Students of B.Com Part 2 / B.Com (Part-II) / B.Com (Hons) / ADP / ADC / BS (Accounting and Finance) / BBA / BS (Commerce) / BS (IT) Level of any University recognized by Higher Education Commission (HEC), Islamabad belonging to any province i.e. Punjab, Sindh, KPK, Balochistan and Azad Kashmir and can get benefit from these notes. By studying our notes, we can guarantee you for getting maximum marks in your exams.

Principles of Auditing Notes for B.Com Part-II / ADP / ADC / BBA / BS (Commerce, Accounting, IT,  Finance)

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Punjab University Solved Past Annual Paper of Auditing

Chapter Wise Long Questions, Short Questions and MCQ's With Answer

Introduction of Auditing

Long Questions

  1. Define audit and explain its advantages or importance.
  2. Define audit and discuss its objectives in detail.
  3. Difference between Auditing and Accounting

Internal Control 

Audit Sampling

Audit Documents / Planning

Long Questions

  1. What is an audit programme and discuss its advantages and disadvantages.
  2. Define audit working paper and explain the contents of audit working paper.
  3. Define audit notebook and discuss its contents.

Kinds / Types / Classes of Auditing

Long Questions

  1. Define continuous audit and explain its advantages and disadvantages.
  2. Define final audit and explain its advantages and disadvantages.
  3. Difference between continuous audit and final audit.
  4. Define interim audit and explain its advantages and disadvantages.

Errors and Frauds 

Vouching

Verification

The Auditor  

Long Questions

  1. Rights and Duties of an Auditor.
  2. Appointment, Removal, Remuneration, Disqualification and Qualification of An Auditor
  3. Liabilities of an auditor

Audit Reports

Long Questions

  1. Qualified Report, Its Contents and Specimen
  2. Unqualified / Clean Report, Its Contents and Specimen
  3. Statutory Report, Its Contents and Specimen

Investigation

Special Classes of Audit

Long Questions

  1. Common Points for the Audit of Organization’
  2. Special points for Examine the Accounts of Bank
  3. Special points for Newspaper Company, Insurance Company, Club, Hotel, Cinema, Sugar mill and Textile mill

Computerized Audit

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