Ch 11: AUDIT PROCESS AND DOCUMENTATION — Previous Year Exam Questions (PYQ)

1(a): Auditing Standard on Audit Process and Documentation (CSAS-2)

8 Marks

OK Tyre Co. Ltd. is planning to set up a plant for manufacturing of Tyres in Singur at Hugli district, West Bengal. As a member of team of Senior Management, can you prepare a note on Environment Impact Assessment (EIA) and the basic factors that should be addressed by EIA, which would be forming part of Agenda to be put up in ensuing Board meeting.

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1(b): Auditing Standard on Audit Process and Documentation (CSAS-2)

5 Marks

Your client is intending to enter into a major commercial agreement for collaboration. You as a Company Secretary have been asked to conduct due diligence for the prospective company. Which factors you will keep in mind while conducting due diligence ?

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2(a): Auditing Standard on Audit Process and Documentation (CSAS-2)

6 Marks

The significant of the Competition Law lies in aiming at promoting competition rather than focusing on curbing monopolies. Explain.

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2(b): Auditing Standard on Audit Process and Documentation (CSAS-2)

5 Marks

What are the main purposes for an interview in context of an audit ? Can all these purposes be used together at the same time ? Briefly discuss.

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3(a): Auditing Standard on Audit Process and Documentation (CSAS-2)

5 Marks

ILFS fraud was the largest corporate fraud in India and triggered a slowdown in the economy. Elucidate the statement covering how fraud was perpetuated in this case.

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3(b): Audit Check-lists

5 Marks

the Audit Committee Meetings for consideration of financial statement including consolidated financial statement, if any, to be approved by Board under sub section (1) of Section 134 of the Act; and

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