15MM54B: Elements of Auditing Office Mgmt 5th Sem Syllabus for Diploma DTE Karnataka C15 Scheme

Elements of Auditing detail syllabus for Modern Office Management (78), C15 scheme is taken from DTE Karnataka official website and presented for diploma students. The course code (15MM54B), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below.

For all other office mgmt 5th sem syllabus for diploma c15 scheme dte karnataka you can visit Office Mgmt 5th Sem Syllabus for Diploma C15 Scheme DTE Karnataka Subjects. For all other ELECTIVE-1 subjects do refer to ELECTIVE-1. The detail syllabus for elements of auditing is as follows.

Pre-requisites:

Depth Knowledge of Accounting

Course Objectives:

The students shall be able to:

1. Discover the Basic framework required for the Study of Methodology Elements Of Auditing.
2. Get acquainted with various ways and means of Internal Check/Control and with the process of Vouching.
3. Familiarize with the Mode and Manner of Valuation of various Assets and Liabilities.
4. Get well versed with the Role of Auditors in Auditing related works.

Course Outcomes:

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UNIT 1: INTRODUCTION AND OVERVIEW OF AUDITING

Definition – Meaning – Objects – Advantages – Limitations of Auditing – Meaning – Types of Errors and Frauds – Types of Audit.- Audit Planning – Audit Programme – Principles of Auditing – Techniques of Auditing – Recent Trends in Auditing.

UNIT 2: INTERNAL CHECK AND VOUCHING:

Definition – Meaning – Objects – Features – Advantages – Limitations of Internal Check -Definition – Meaning – Objects of Internal Control – Essentials of Good Internal Control System – Internal Check versus Internal Control – Meaning – Objects – Merits – Limitations of Routine Checking – Definition – Meaning – Objects – Importance of Vouching – Procedure in Vouching – Vouching versus Routine Checking – Definition – Meaning – Types of Voucher -Refusal of Voucher.

UNIT 3: VERIFICATION AND VALUATION OF ASSETS & LIABILITIES:

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UNIT 4: AUDIT OF LIMITED COMPANIES:

Need of Audit for Limited Companies – Qualities – Qualifications – Disqualifications of Auditors – Appointment – Remuneration – Removal of Auditors – Rights and Duties -Liabilities (Both Civil and Criminal) of Auditors – Professional Ethics of an Auditor.

SKILL DEVELOPMENT:

Collect the information about types of audit conducted in any one Organization

• Visit an audit firm; write about the procedure followed by them in Auditing the books of Accounts of a firm.
• Draft an investigation report on behalf of a Public Limited Company
• Record the verification procedure with respect to any one fixed asset.
• Draft an audit program.

BOOKS RECOMMENDED:

For complete syllabus and results, class timetable and more pls download iStudy. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.

Course Delivery:

The course will be delivered through lectures and Power point presentations/ Video

Model Question Paper:

(CIE)

2. OR
3. OR

Note to IA verifier:

The following documents to be verified by CIE verifier at the end of semester

1. Blue books ( 20 marks)
2. Student suggested activities report for 5 marks and should be assessed
3. Student feedback on course regarding Effectiveness of Delivery of instructions & Assessment Methods.

Model Question Paper:

PART-A

(Answer any SIX Questions from this Section)

1. Define Errors of Omission and Commission.
2. Define the term Audit and Auditing.
3. State the objectives of Internal Check.
4. Define Vouching.
5. Distinguish between Internal Check and Internal Control.
6. List out the objectives of Verification.
7. Distinguish between verification and valuation.
8. List out the qualities of Auditor.
9. State the civil and criminal liabilities of Auditors.

PART-A

(Answer any SEVEN Questions from this Section) 10 x 7 = 70

1. Mention the Advantages and limitations of Auditing.
2. Explain the various types of Auditing.
3. Describe the features of Internal Check.
4. Describe the importance of Vouching and its types.
5. Explain the essentials of Good Internal Control.
6. Explain the mode of valuation of Assets.
7. Explain the meaning of verification and list out the differences between verification and vouching
8. Narrate the term valuation and the method of valuation of Liabilities.
9. Describe the Qualifications and disqualifications of Auditor.
10. Discuss the Rights and Duties of an Auditor.

For detail syllabus of all other subjects of BE Office Mgmt, C15 regulation do visit Office Mgmt 5 syllabus for C15 Regulation.

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