Scribd
Upload
271 views

CSS Past Papers Auditing Overall

#FPSC #CSS #CSS Accountancy and Auditing # FPSC Accounting #Accounting #Accounting and Auditing # Accountancy & Auditing # Accounting & Auditing #FPSC CSS #Finance #Accounting and #Past Papers

Uploaded by

Masood Ahmad Aadam
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
271 views

CSS Past Papers Auditing Overall

#FPSC #CSS #CSS Accountancy and Auditing # FPSC Accounting #Accounting #Accounting and Auditing # Accountancy & Auditing # Accounting & Auditing #FPSC CSS #Finance #Accounting and #Past Papers

Uploaded by

Masood Ahmad Aadam
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

CSS Accountancy & Auditing Auditing – Paper – II, Part – A, (40 Marks)

World Times Academy, Lahore


CSS Accounting & Auditing
Year Vise Past Papers (Unsolved) Paper – II, (Part – A), 40 Marks
Auditing Paper – II, Part – A, (40 Marks)
2015
(CSS – 2015 Paper # II, SECTION-B) (AUDITING)
Q.4.(a) Explain the statutory rights and duties of a company auditor. (10) (20)
(b) Explain “Internal controls of an organization” What are the techniques used for the evaluation of internal control
system? Discuss. (10)
Q.5.(a) “Vouching is the essence of Auditing.” Explain. What special points would you keep in mind while vouching
payments? (10) (20)
(b) What is meant by a continuous audit? Why do you think this is necessary? (10)
(CSS – 2015 Paper # I, Section – B, Q. # 6(a)) (AUDITING)
Q. 6(a) Why should the essential features of internal control be designed into all accounting systems? Justify your answer.
(10)
2014
(CSS – 2014 Paper # II, SECTION-B) (AUDITING)
Q.4. Explain various types of Audit Reports required by a duly qualified Auditor under the Companies Ordinance, 1984. First
list the names of Audit Reports and later explain the salient feature governing the above Audit Reports. Along with this,
briefly explain the four types of Audit Reports with expression of Auditor's opinion.
Q.5. Describe procedures governing verification of the following items:
(a) Deferred taxation (b) Investments held
(c) Cash in transit (d) Long term liabilities
2013
(CSS – 2013 Paper # II, SECTION-B) (AUDITING)

Q.4(a) Explain the relationship between desired level of assurance and legal liability of Auditors.
(b) List out five specific quantifiable events that an auditor can verify, and state specific critieria for evaluating the
events.
Q.5(a) Distinguish between the responsibility for fraudulent omission and responsibility for unintentional errors.
(b) Elaborate the different types of Audit, under the Companies Act, 1984.
2012
(CSS – 2012 Paper # II, SECTION-B) (AUDITING)
Q.2: (a) Which persons are not qualified for appointment as auditor of a company under the Companies Ordinance 1984?
(10)
(b) Who fixes the auditor’s remuneration under the Companies Ordinance 1984? (10)
Q.3: (a) What does the term “Scope of audit” refer to? How would you describe the “Scope of audit” of a listed company?
(10)
(b) Why an auditor cannot provide an absolute assurance as a result of audit? Explain. (10)
2011
(CSS – 2011 Paper # II, SECTION – C) (AUDITING)
Q. 6. Define ANY TEN of the following: (2×10=20)
1. Compliance Audit
2. Standard unqualified opinion
3. Public Company Accounting Oversight Board
4. Qualified Opinion
5. Adequate disclosure
6. Internal Control
7. Indirect financial interest

1|Page By: Asif Masood Ahmad World Times Academy, Lahore


0321 9842495 042 35714747
CSS Accountancy & Auditing Auditing – Paper – II, Part – A, (40 Marks)
8. Joint closely held investment
9. Audit committee
10. Independence
11. Inspection
12. Direct financial Interest
13. Ethics Rulings
14. Attest engagement
15. Integrated Audit

2010
(CSS – 2010 Paper # II, SECTION – B) (Auditing)
Q.4: What are the advantages and limitations of auditing?
Q.5: What is the difference between investigation and auditing?

2009
(CSS – 2009 Paper # II, SECTION – B) (Auditing)
Q.4. What is meant by a Qualified report? Give specimen of such report after the completion of annual audit of a Public
Limited Company. (20)
Q.5. Under what circumstances an auditor can be held liable for Negligence? Support your answer with relevant legal
cases. (20)

2008
(CSS – 2008 Paper # II, SECTION – II) (Auditing)
Q. 4. Draw a specimen of unqualified audit report of a public limited company?
Q. 5. Differentiate between internal audit and statutory audit?

2007
(CSS – 2007 Paper # II, PART — B (Auditing)
Q.3. What is an “Audit Program?” What are the contents of “Audit Program?” Discuss its advantages, disadvantages and how its
disadvantages be curtailed?
Q.4. Discuss in detail the rights and duties of an auditor of a Public Ltd. Company with reference to Companies Ordinance
1984.

2006
(CSS – 2006 Paper # II, PART – B (AUDITING)
Q.3. State major contents of Annual Audit Report of a listed Public limited company under the Companies Ordinance, 1984.
Q.4. Differentiate amongst the following:
(a) Internal Audit (b) Internal Control (c) External Audit

2005
(CSS – 2005 Paper # II, PART-B: (Auditing)
Q.3. What is Internal control? Explain principles of Internal control. Also differentiate between Internal check, Internal audit
and Internal control. (20)
Q.4. Define continuous audit. Discuss advantages and disadvantages of continuous audit. Suggest the steps that can be
taken to reduce the drawbacks of continuous audit. (20)

2004
(CSS – 2004 Paper # II, PART-B: (AUDITING)
Q.3. Define Final Audit and explain its merits and demerits.
Q.4. What is an Audit Program? Explain its advantages and limitations.

2003
(CSS – 2003 Paper # II, PART "B" (AUDITING)
Q.3. Differentiate between "Internal Control" and "Internal Audit". Suggest ten point Internal Control System for Inventories.
2|Page By: Asif Masood Ahmad World Times Academy, Lahore
0321 9842495 042 35714747
CSS Accountancy & Auditing Auditing – Paper – II, Part – A, (40 Marks)
Q.4. Present a lucid analysis of Liabilities of an Auditor. Cite case law wherever relevant.

2002
(CSS – 2002 Paper # II, PART "B" AUDITING
Q.3. State and explain Limitations of Audit. Outline an audit program for vouching acquisition of fixed assets in a limited
company.
Q.4. Explain duties of an auditor for conducting various types of audits under the Companies Ordinance 1984.

2001
(CSS – 20011 Paper # II, PART – B: AUDITING
Q.3. (a) Explain the term “teeming and lading”. How can this type of fraud be prevented?
(b) What is the responsibility of an auditor in detection of frauds?
Q.4. During the Audit of Meat Packers Ltd. you are assigned to cover the audit of the payrolls of 800 employees. Enumerate
the test, you would carry out to ensure that:
(1) All employees are genuine
(2) Payments are only made for work done
(3) Statutory documents are properly affected in accordance with the law
(4) Proper allocation of wages is made to various departments.

3|Page By: Asif Masood Ahmad World Times Academy, Lahore


0321 9842495 042 35714747

You might also like