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    Bachelor's Degree Programme (BDP) : Assignment 2019-20

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    Anand_kashyap10005944

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    Bachelor's Degree Programme (BDP) : Assignment 2019-20

    Uploaded by

    Anand_kashyap10005944
    9 views3 pages

    Original Title

    ECO-12 _E_

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    9 views3 pages

    Bachelor's Degree Programme (BDP) : Assignment 2019-20

    Uploaded by

    Anand_kashyap10005944

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    ECO - 12

    Bachelor’s Degree Programme


    (BDP)

    ASSIGNMENT
    2019-20

    Elective Course in Commerce


    ECO – 12: Elements of Auditing

    For July 2019 and January 2020 admission cycle

    School of Management Studies


    Indira Gandhi National Open University
    Maidan Garhi, New Delhi -110068
    Elective Course in Commerce
    ECO – 12: Elements of Auditing

    ASSIGNMENT- 2019-20

    Dear Students,
    As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this
    Course.
    Assignment is given 30% weightage in the final assessment. To be eligible to appear in the
    Term-end examination, it is compulsory for you to submit the assignment as per the schedule.
    Before attempting the assignments, you should carefully read the instructions given in the
    Programme Guide.
    This assignment is valid for two admission cycles (July 2019 and January 2020). The validity
    is given below:
    1. Those who are enrolled in July 2019, it is valid up to June 2020.
    2. Those who are enrolled in January 2020, it is valid up to December 2020.
    You have to submit the assignment of all the courses to The Coordinator of your Study Centre.
    For appearing in June Term-End Examination, you must submit assignment to the Coordinator of
    your study centre latest by 15th March. Similarly for appearing in December Term-End
    Examination, you must submit assignments to the Coordinator of your study centre latest by 15th
    September.
    TUTOR MARKED ASSIGNMENT
    Course Code : ECO - 12
    Course Title : Elements of Auditing
    Assignment Code : ECO - 12/TMA/2019-20
    Coverage : All Blocks

    Maximum Marks: 100


    Attempt all the questions
    1. Distinguish between Internal Audit and Statutory Audit. Can the statutory auditor rely upon the
    internal audit in carrying out his functions as a statutory auditor? (20)

    2. What do you understand by “outstanding assets” and “outstanding liabilities”? What are the
    duties of an auditor in relation to outstanding liabilities? (20)

    3. What is the status of the auditor in a company? How can be protect the rights of the shareholders
    of the company? (20)

    4. What do you understand by management audit? How does it help management in improvement of
    its effectiveness? (20)

    5. Write short notes on the following :


    (a) Errors of Commission
    (b) Contingent Liabilities
    (c) Divisible Profits
    (d) Audit report (4X5)

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