CWA ICWA Inter Stage II : Auditing - December 2008

CWA ICWA Inter - Stage IIAuditing • December 2008
This Paper has 36 answerable questions with 0 answered.
1—11(ADT)
Revised Syllabus
Time Allowed : 3 HoursFull Marks : 100
The figures in the margin on the right side indicate full marks.
Answer Question No. 1 which is compulsory and any five from the rest.
Marks
1.(a)Discuss with reasons, whether the following statements are ‘True’ or ‘False’ (Mere conclusion will not be sufficient).7x2 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
  (iv)   (0)
  (v)   (0)
  (vi)   (0)
  (vii)   (0)
 (b)As the statutory auditor of a limited company, how will you deal with the following:3x2 
  (i)   (0)
  (ii)   (0)
2.(a)4 (0)
 (b)4 (0)
 (c)(i)4 (0)
  (ii)4 (0)
3.(a)6 (0)
 (b)Bring out the differences between Indian GAPP and USA’s GAPP in the following:  
  (i)3 (0)
  (ii)4 (0)
  (iii)3 (0)
4.Write short notes on any four of the following: 4x4 
 (a)  (0)
 (b)  (0)
 (c)  (0)
 (d)  (0)
 (e)  (0)
 (f)  (0)
5.As an auditor of a company, state your views with reasons on the following:   
 (a)5 (0)
 (b)4 (0)
 (c)4 (0)
 (d)3 (0)
6.(a)8 (0)
 (b)5 (0)
 (c)3 (0)
7.(a)How will you, as an auditor of a public limited company view the following items?  
  (i)5 (0)
  (ii)5 (0)
 (b)6 (0)
8.(a)8 (0)
 (b)Elucidate, how as an auditor should satisfy himself that all income arising from the following sources are duly received and accounted for:  
  (i)4 (0)
  (ii)4 (0)