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MF0013 Internal Audit and Control Set 1
Joined: 07 Sep 2011
|Posted: Fri Sep 09, 2011 2:38 am|
Post subject: MF0013 Internal Audit and Control Set 1
Master of Business Administration - MBA Semester 3
Subject Code – MF0013
Subject Name – Internal Audit and Control
(Book ID: B1211)
Assignment Set- 1 (60 Marks)
Note: Each question carries 10 Marks. Answer all the questions.
Q.1 Critically evaluate the qualities of an Auditor in the wake of recent scams
Q.2 What is social audit? Is social audit taken seriously by the corporate world? Give examples of corporates undertaking social audit.
Q.3 Explain the Code of Ethics for Internal Auditor. Explain them in context with blacklisting Price Waterhouse Coopers in Satyam Scam.
Q.4 As a senior audit assistant of M/s. Asutosh Associates, you are in charge of internal audit team of M/s Rajesh Technologies involved in the manufacture of plastic tubes. From the information you obtained you find the company is facing liquidity problem for the last two years. You are required to prepare working paper indicating the internal audit problems you would expect to face and how you plan to overcome them.
Q.5 Explain the use of Sampling technique in Internal audit [SA500]
Q.6 What factors influence the internal control environment? Give examples for each factor.
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