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Gauhati University Auditing and Corporate Governance Question paper 2023
2023
COMMERCE
(Honours Core)
Paper: COM-HC-6016
(Auditing and Corporate Governance)
Full Marks: 80
Time: Three hours
The figures in the margin indicate full marks for the questions.
Write the answers to the two Groups in
SEPARATE BOOKS
GROUP-A (Auditing) Marks: 40
1. Answer as directed: 1×4=4
(i) Internal check forms a valuable part of internal control.
(State whether the statement is True or False)
(i) The word ‘audit’ is derived from the Latin word_ _ _ _
(Fill in the blank)
(iii) Errors and frauds have the same meaning for an auditors (Comment on the Statement)
(iv) Vouching is done with reference to a (Fill in the blank)
2.Answer the following: (any three). 2×3=6
(i) What is the meaning of audit ?
Ans: Audit or Auditing is a systematic examination of the books and records of a business or the organization to ascertain or verify and to report upon the facts regarding the financial operation and the results thereof.
(ii) Who is a company auditor ?
(iii) Mention the objectives of internal audit.
(iv) Mention two distinctions between cost audit and management audit.
(v) What is compensating error ?
3. Write on the following: (any two) : 5×2=10
(i) Primary objective of audit.
(ii) Qualifications of a company auditor
(iii) Importance of Standards on Auditing (SA)
(iv)Common features of valid vouchers.
Q.Answer the following questions: (any two) 10×2=20
(i) What is the meaning of computer aided auditing technique? Explain its advantages and disadvantages. 3+(4+3)=10
(ii) Discuss the basic principles of audit. 10
(ii) Explain the various rights and duties of a company auditor. 10
(iv) What is the internal check system ? Distinguish between internal check and internal audit. 2+8=10
Group-B
(Corporate Governance)
Marks : 40
1. Choose the correct option from the following: 1×4=4
(a) The board of directors must ensure that the company’s corporate governance policies are incorporated.
(i) corporate strategy.
(ii) risk management.
(iii) ethical business practices.
(iv) All of the above.
(b) Corporate governance is a form of ___
(i) external regulation
(ii) self-regulation
(iii) government control
(iv) None of the above
(c) Poor corporate governance can cast doubt on a company’s
(i) reliability
(ii) integrity
(iii) financial transparency
(iv) All of the above
(d)The framework for establishing good corporate governance was originally set up by the..
(i) Nestle Committee
(ii) Rowntree Committee
(iii) Cadbury Committees
ftv) None of the above
2. Briefly answer the following questions : 2×3=6
(a) What is morality ?
(b) What is corporate ethics ?
(c) What is good governance?
3. Answer any two from the following questions : 5×2=10
(a) Explain the principles of corporate governance.
(b) Explain the significance of corporate philanthropy.
(c) Explain the relationship between CSR and business ethics.
4.Answer any two from the following questions : 10×2=20
(a). Explain the different types of ethical issues in business. How to manage these ethical issues in business? Explain. 5+5=10
(b) Define codes and standards of corporate governance. Explain the significance of codes and standards on corporate governance. 4+6=10
(c)Briefly explain the symptoms of corporate failure. Explain the common governance problems noticed in various Corporate failures: 4+6=10
(d) Discuss the provisions of CSR under the Companies Act, 2013.
*****
Analysis of Gauhati University Auditing and Corporate Governance Question Paper 2023
The examination paper, for Auditing and Corporate Governance in 2023 at Gauhati University’s BCom 6th Semester delves into auditing and corporate governance topics. The test comprises two sections, each focusing on areas such as control audit objectives, requirements, for company auditors and fundamental principles of governance.
In Group A the focus is on auditing. Includes discussions on audit definitions, auditor qualifications for companies computer based auditing methods and internal check systems. These questions test students’ knowledge of auditing principles, techniques and the roles of auditors in ensuring compliance and integrity.
Group B concentrates on corporate governance topics such as governance practices, business ethics, corporate philanthropy and the link between social responsibility (CSR) and ethical business practices. The questions also cover dilemmas in business settings, codes of conduct related to governance standards, signs of corporate downfall and provisions for CSR as per the Companies Act of 2013.
Also Read: Gauhati University BCom 6th Sem Notes and Solved Question Papers
Last words
The difficulty level of the Gauhati University BCom 6th Semester Auditing and Corporate Governance Question Paper for 2023 seems balanced. It challenges students to display a grasp of the subject matter while maintaining fairness, in question formulation.
