MCOM09 Cost and Management Audit M.Com Question Bank : vmou.ac.in
Name of the University : Vardhman Mahaveer Open University
Degree : M.Com
Department : Economics
Subject Code/Name : MCOM-09 – Cost and Management Audit
Year : II
Document Type : Question Bank
Website : vmou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/vmou.ac.in/3651.-MCOM-09_220.pdf
Cost & Management Audit :
Very Short Questions :
1- Explain two aspects of cost audit.
2- How does cost audit differ from financial audit-
Related : VMOU MCOM07 International Business M.com Question Bank : www.pdfquestion.in/3653.html
3- State the objects of cost audit.
4- Give the points of criticism of cost audit.
5- What are the advantages of cost audit of the company-
6- What are the advantages of cost audit of the government-
7- What are the advantages of cost audit to the society-
8- What do you mean by civil liabilities for negligence-
9- What do you professional misconduct-
10- What do you understand by Internal control-
11- What is folw cherst-
12- Define audit proveamme.
13- What is meant by cost Accounting Record Rules-
14- Which records are included in cost accounts for raw materials.
15- Name the records which are induded in cost account for sales.
16- Which section is applied to charge current year depreciation-
17- What is cost audit report-
18- Under is section of company Amendment Act 1965
19- Which section of companies Amendment Act 1965-
20- To whom a cost audit presents his seport-
21- What is propriety audit?
22- Define efficiency audit.
23- What do you mean by overall performance audit?
24- What do you understand by performance evaluation?
25- Define government audit.
26- Explain the meaning of audit report.
27- Explain is section 230.
28- What is the object of AAS-28?
30- What is section 227(1A) directs?
31 What is Management Audit?
32- What operational audit.
33- What do you mean by management consultancy?
34- Write the name of audit and Assurance standard-6.
35- Write the name of Audit and Assurance standard-20.
36- Write the name of Audit and Assurance standard-1.
37- Write the name of Auitd and Assurance standard-8.
38- What is budget period.
39- Define budget manual.
40- What do you mean by budget centre?
41- What do you understand by key factor?
42- What is level of activity?
43- Give the formula to calculate Minimum stock level.
44- Write the formula to calculate Maximum stock Level.
45- How will you calculate Re-order Level?
46- What is the formula to calculate Economic Order Quantity?
47- Define marketing audit.
48- What do you mean by sales planning?
49- What is sales control?
50- What do you understand by market research?
Short Questions :
1- Define cost Audit-
2- What is productivity Audit-
3- What do you mean by Energy Audit-
4- What do you understand by Efficiency Audit-
5- Explain Invevtory Audit.
6- Give definition of Equifment Audit.
7- Explain the relationship between statutory financial auditor and cost auditor.
8- Expalin the similarities between statutory financial auditor and internal auditor.
9- What are the rights of a cost auditor-
10- Give essential features of audit programme.
11- How will you conduct cost audit for raw material.
12- How will you conduct cost audit for labour.
13- List the name of industries in which cost accounting record rules can be applied.
14- Explain the procedure for order of cost accounting records rules.
15- What are the requirements under cost accounting record rules
16- What are the requirements under cost accounting record rules
17- How does cost audit differ from statutory audit-
18- What are the qualifications a cost auditor-
19- What are the disqualifications for appointment as cost auditor-
20- What are the right and duties of cost auditor-
21- What are the forvisions given in Indian constitution with regard to comptroller and Auditor General?
22- Explain the main scope of audit work of comptroller and Audit general fo India.
23- How does foroprietory audit conducted in government sector?
24- Explain in brief the scope of proprietory audit with reference to section 619.
25- State the forovesions of compamies Act,1956 regarding audit procedure and appointment of auditor in a government company.
26- What is the companies (Auditor’s Reprot) order 2003? Explain.
27- Narrate the points in brief which are required to be included in audit report under Indian companies.
28- What are the directions issued by central Government,from time to time under section 227(4A) of Indian companies Act?
29- Differentiate Management Audit and financial Audit.
30- What are difficulties in Management Audit? Explain.
31- Explain the nature of management audit as a special activity.
32- Describe purpososand goals of management audit.
33- What should be the characteristics of a good management programme? Explain.
34- Focus on activities after the management audit.
35- Describe the advantages of preparing a management audit programme.