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Ignou question papers 2020 -2021 | Important Questions || IGNOU Previous Year Question Paper | IGNOU announces the term-end exam date sheet before the IGNOU exam.
Students appearing in the IGNOU Term and Examination should complete their complete syllabus and start their exam practices as well.
It is important to work on the previous year questions in IGNOU. This increases the likelihood of students getting goods marks in the paper.
Here we are providing Previous Years solved papers For B.com First year ECO 12: Elements of Auditing for IGNOU students.
These papers are helpful for upcoming exam.
December, 2020
ECO-12: ELEMENTS
OF AUDITING
Q1. “Auditing begins where accountancy ends.” Discuss this statement. How does accountancy differ from auditing?
Q2. What do you mean by Internal Check? Explain its merits and demerits.
Q3. Define ‘Vouching’. How does it differ from Routine Checking? Discuss the objectives of vouching.
Q4. How would you value the following?
(a) Intangible Assets
(b) Goodwill
Q5. How would you verify the following?
(a) Copyright
(b) Outstanding expenses
Q6. Who can be appointed as auditor of a company? Who can dismiss the company auditor and how?
Q7. How would you audit the following?
(a) Forfeited shares
(b) Issue of Bonus shares
Q8. Define auditor’s report. Discuss its types. Prepare imaginary qualified report.
