CWA ICWA Final - Group IV : Cost Audit and Operational Audit and Ethics - December 2011

This Paper has 47 answerable questions with 0 answered.
F—P17(COA)
Syllabus 2008
Time Allowed : 3 HoursFull Marks : 100
The figures in the margin on the right side indicate full marks.
Please:(1) Answer all bits of a question at one place.
(2) Open a new page for answer to a new question.
(3) Attempt the required number of questions only.
Answer Question No. 1 and 5 which are compulsory and any two each
from the remaining questions of Section I and Section II.
SECTION I (Marks 50)
1.(a)State whether the following statements based on the quoted terms are ‘TRUE’ or ‘FALSE’ with justifications for your answer. No credit will be given for any answer without justifications:1x5=5 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
  (iv)   (0)
  (v)   (0)
 (b)In each of the cases/statements given below, one out of four alternatives is correct. Indicate the correct answer:1x5=5 
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  (ii)   (0)
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 (c)Fill in the blanks in the following sentences by using appropriate words/phrases:1x4=4 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
  (iv)   (0)
2.(a)2 (0)
 (b)2+2=4 (0)
 (c)(5+4)
+3=12
(0)
3.(a)4 (0)
 (b)5 (0)
 (c)3+2+2
+2=9
(0)
4.(a)2+2=4 (0)
 (b)2x3=6 (0)
 (c)2+6=8 (0)
SECTION II (Marks 50)
(Operational Audit)
5.(a)Fill in the blanks in the following sentences by using appropriate words/phrases:1x5=5 
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  (iv)   (0)
  (v)   (0)
 (b)State whether the following statements are ‘TRUE’ or ‘FALSE’ with justification for your answer. No credit will be given for merely answering ‘TRUE’ or ‘FALSE’ —without giving any justification/reasoning:1x4=4 
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
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 (c)What do the following abbreviations stand for?1x5=5 
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  (v)   (0)
6.(a)2x3=6 (0)
 (b)4 (0)
 (c)8 (0)
7.(a)6 (0)
 (b)2+6=8 (0)
 (c)4 (0)
8.Write short notes on any three out of the following: 6x3=18 
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 (b)  (0)
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 (d)  (0)