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Con. 9561-MN-975I-I3.

OR

I. (a) Readand intcrprct ihc following CustomDuty Deposit A/C in thebooksof ABC Lłd.    |q

Datę	Particnlars	Amout *	Datę	Particulara	Amount r
2212 Apr. 1 May 1 June 1 July 1	To Balanee b/fd To Bank To Bank To Bank	15,00,000 5.00. 000 6.00. 000 11,00,000	2013 Apr. 30 May 15 May 25 June 20 June 30 July 1	By Customs Duty a/c By Customs Duty a/c By Customs Duty a/c By Customs Duty a/c By Customs Duty a/c By Balance c/fd.	5.00. 000 4.00. 000 2.00. 000 7.00. 000 4.00. 000 15.00. 000
		37,00,000

1.    (b) Mr. Kiran.an Audit AssisUr.tofDoshi and Co.. ChartcredAccountants, wantcdto 5

verify the cash in hand and inveslmcnts held by Raghuvecr I.td. a smali company.

The Financc Manager of Raghuvccr Ud. suggested that it was not neccssary as hb staff had donc ihc same onły a fcw days bacie and thcrc was no discrcpancy noted.

What b your opinion as the Compan/s Statutory Auditor ?

2. ExpLain the various aspeets to be consideredin the Audit ofan Insurance Company.    15

OR

Explain the procedurę adopted by the Auditor in Audit of: (i) Club* (ii) HospitaLs.

3.    What arc the steps in the audit of following entities ?    15

(a)    Educational lnstitutions;

(b)    Hotels.

OR

As an Auditor ofa Bank how will you verify its following Balance Shect items ?

(a)	Insestments;
<b)	Advanccs by a Bank to Companies.
(»)	Match the items from Cdumn Ato Column B seketing on an metali most appropriatc
	basis:
	A		B
	• Contingent Assct	•	Comptrollcr & Auditor General
	• Ledgcr scrutiny	•	Accounts of Customcrs
	• Govemment Audit	•	A.S.2
	• Sal es Ledgcr	•	Uncalled Share Capital
	• Stock saluation	•	Interprctation of the Ledgcr account
	• Patent Rights	•	Scction 44 AB
	• Tax Audit	•	Coatrollcd by I.R.D.A.
	• Insurance business	•	Intangiblc Assct
		•	Non-performing Assct
		•	Contingent I.iabilities

I TURNOYER