ECO-12 Solved Assignment 2018-19
Course Code : ECO-12
Course Title : Elements of Auditing
Assignment Code : ECO-12/TMA/2018-19
Coverage : All Blocks
Attempt all the questions.
1. “Where Book-keeping ends, Accountancy begins, where Accountancy ends, Auditing
begins”. Explain this statement. 20
2. (a) What is internal control? Differentiate between internal control and internal check.
(b) What do you mean by vouching? Differentiate between vouching and routine checking.
3. (a) How would you verify the following:
(i) Trade Mark
(b) How would you value the following:
(ii) Patents 10, 10
4. (a) Explain the rights and duties of an Auditor
(b) Describe the main provisions of company law regarding appointment and removal of an
Auditor. 10, 10
5. (a) What is Auditor’s Report? Give imaginary specimen of a clean report.
(b) Differentiate between Clean & Qualified Report.