CWA ICWA Inter Stage II : Auditing - June 2007

This Paper has 28 answerable questions with 0 answered.
I—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’: (Answers without reasons will not be given any credit):  
  (i)2 (0)
  (ii)1 (0)
  (iii)2 (0)
  (iv)2 (0)
  (v)2 (0)
  (vi)1 (0)
 (b)7 (0)
 (c)3 (0)
2.As an auditor of a company, how will you deal with the following? 4x4 
 (a)  (0)
 (b)  (0)
 (c)  (0)
 (d)  (0)
3.(a)5 (0)
 (b)5 (0)
 (c)6 (0)
4.(a)11 (0)
 (b)5 (0)
5.(1)How will you vouch/verify the following and what are the related ‘aspects to be looked into4+4 
  (a)   (0)
  (b)   (0)
 (2)8 (0)
6.As the Statutory Auditor of a Public Limited Company, comment on the following situations:   
 (a)6 (0)
 (b)5 (0)
 (c)5 (0)
7.(a)8 (0)
 (b)8 (0)
8.(a)8 (0)
 (b)Distinguish between:4+4 
  (i)   (0)
  (ii)   (0)