ACC311 Current Final Term Paper Pattern

Total 64 Questions = 56 MCQ'S and 8 Questions

4 Questions = 3 Marks

4 Questions = 5 Marks

Question no.1 (Marks 03)

1. Define the (Tolerable error)
2. Difference Between the Sampling and (Tolerable error).

Question no.2 (Marks 03)

What steps an auditor should take in order to ensure that the reserves are properly classified and described in the accounts in accordance with the Companies Ordinance, 1984?

Question no.3 (Marks 03)

Enlist the typical control procedures at key stages of the sales cycle.

Question no.4 (Marks 03)

What steps an auditor should take in order to ensure that the reserves are properly classified and

described in the accounts in accordance with the Companies Ordinance, 1984?    

Question no.5 (Marks 05)

Discuss the factors which influence auditors judgment regarding sample size for tests of control?

Question no.6 (Marks 05)

Suppose that your supervisor has asked you to carry out an internal control review of the

inventory system of a manufacturing company. What internal control procedures would you

examine in respect of the following functions of the inventory system?

•  Arithmetical Accuracy (Very Important Question)

Question no.7 (Marks 05)

A company has hired auditors at the year end. Auditors used audit sampling techniques which

made them enable to gather audit evidence efficiently. State the objectives auditors might have

defined first to achieve by using sampling techniques and also briefly explain further steps the

auditors might undertake to complete the sampling process.

Question no.8 (Marks 05)

What matters should the auditor consider for developing an overall audit plan for the expected

scope and control of an audit?