IMPORTANT QUESTIONS OF AUDIT FOR CA IPCC NOV 2017

IMPORTANT QUESTIONS OF AUDIT FOR CA IPCC NOV 2017

IMPORTANT QUESTIONS OF AUDIT FOR CA IPCC NOV 2017

BASICS OF AUDITING & INTERNAL CONTROL   

·         Audit Programme

·         Inherent limitations of Audit and IC

·         Audit Procedures

·         Internal Check & Internal Audit

·         Pre- Conditions for Audit (SA210)

·         Examination in Depth

·         Cut off procedures

·         Letter of Weaknesses (SA265)

·         FAA (AS1)

·         Prior Period Items (AS4)

·         Changes in AccountingEstimatesandAccountingPolicies(AS5)

·         IndependenceofAuditors

·          MethodstoobtainAuditEvidence

·           ProfessionalScepticism(SA240)

VOUCHING&VERIFICATION

·         Common Points  of  Vouching  with special emphasis on:

1.      Rent paid

2.      Credit Sales

·         Common Points of Verification with special emphasis on:

1.      Plant and Machinery,Buildings

2.      Dividends paid

3.       Trademarks

EDP AUDIT                                                          

·         CAATs

·         Audit Trail

ACCOUNTING STANDARDS

·         AS14,5,7,9,10,12,16,28and29

STANDARDS ON AUDITING

·         SA 210, 220, 230, 240 315, 320,

330,505,530,540,550,560,570,

580,610,620,700,705,706

          

COMPANY AUDIT I,II & CARO

·         Disqualifications for Auditors

·         Casual Vacancy of Auditors

·         Removal of auditors

·         Points of propriety nature – Section 227(IA)

·         Auditors lien

·         DRS –Section 217(2AA)

·         Audit of Interest out of Capital

·         Applicability of CARO,2003 and clause 1,2,3,4,5,6,7,8,9,10,13,16,17,18,20,21

·         CostAuditu/s233B

AUDIT REPORT

·         EOM,OM Para

·         Qualified, Adverse, Disclaimer

·          

GOVERNMENT AUDIT

·         Propriety Audit/ EEE Audit

·         COPU

·         Audit of Stocks and Stores

·         Supplementary audit

SPECIAL AUDIT

·         Common Points of Special Audit with special emphasis on:

·         Audit of Hotels

·         Audit of Publishers

Audit of Hire Purchase Companies

 YOU MUST ALSO DOWNLOAD :- 

CA IPCC AUDIT PAPER – RTP, MOCKTEST, SUGGESTIVE ANSWER, PAST YEAR PAPER

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