ECO-12 Elements of Auditing in English SOLVED ASSIGNMENT 2019-2020

ECO-12 Elements of Auditing SOLVED ASSIGNMENT 2019-2020


Course Code : ECO – 12
Course Title : Elements of Auditing
Assignment Code : ECO – 12/TMA/2019-20
Coverage : All Blocks

Title Name ECO-12 Elements of Auditing Solved Assignment 2019-20
University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Course BCOM
Language ENGLISH
Semester 2019-2020 Course: BCOM
Session 2019-20
Short Name ECO-12 (ENGLISH)
Assignment Code ECO – 12/TMA/2019-20
Product Assignment of BCOM 2019-2020 (IGNOU)
Submission Date 1. Those who are enrolled in July 2019, it is valid up to June 2020.
2. Those who are enrolled in January 2020, it is valid up to December 2020.



Attempt all the questions
1. Distinguish between Internal Audit and Statutory Audit. Can the statutory auditor rely upon the
internal audit in carrying out his functions as a statutory auditor? (20)
2. What do you understand by “outstanding assets” and “outstanding liabilities”? What are the
duties of an auditor in relation to outstanding liabilities? (20)
3. What is the status of the auditor in a company? How can be protect the rights of the shareholders
of the company? (20)
4. What do you understand by management audit? How does it help management in improvement of
its effectiveness? (20)
5. Write short notes on the following :
(a) Errors of Commission
(b) Contingent Liabilities
(c) Divisible Profits
(d) Audit report (4X5)


ECO-012, ECO-12, ECO 012, ECO 12, ECO012, ECO


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