IMP QUESTIONS FOR PE-II MAY08

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yamin (Querist)
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30 April 2008 plz tell sum imp topics frm the chapters specially like

Government audit

Verification/ vouching chapter

INTERNAL Control CHAPTER

or frm other topics u think can come plz reply fast

CA Pawan Goswami

CA Pawan Goswami (Expert)
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01 May 2008 IMPORTANT QUESTIONS OF AUDITING FOR MAY 2008 EXAMINATION

Vouching:

1. Sale proceeds of junk materials
2. Rental receipts
3. Bankruptcy dividend
4. Recovery of bad debts written off
5. Customs duty and Excise duty
6. Preliminary expenses
7. Research and Development expenditure
8. Dividends
9. Returnable containers, empties and packages
10. Traveling expenses
11. Cut off arrangements

Verification of Assets and Liabilities:

1. Capital expenditure and revenue expenditure.
2. Land and building
3. Patents, trademarks and copy rights
4. Railway siding
5. Investment in the capital of a partnership firm
6. Work in progress
7. Good will
8. Investments
9. Provision for tax
10. Contingent liability

Company audit – 1

1. Disqualifications of auditor
2. Casual Vacancy
3. Central Government Power to appoint auditor
4. Special audit
5. CARO
6. Rights of auditor
7. True and fair view

Special Audits

1. Audit of Hospital.
2. Audit of School and colleges
3. Audit of hotels

Important AAS:

1. AAS – 1
2. AAS – 3
3. AAS – 5
4. AAS – 6
5. AAS – 9
6. AAS – 13
7. AAS – 16
8. AAS – 23
9. AAS – 29
10. AAS – 30

IMPORTANT ACCOUNTING STANDARDS:

1. AS – 1
2. AS – 4
3. AS – 5
4. AS – 6
5. AS – 9
6. AS – 10
7. AS – 16
8. AS – 18
9. AS – 20
10. AS – 26
11. AS – 28