SMU MBA SEM 3 FIN -MF0013 & INTERNAL AUDIT & CONTROL

ASSIGNMENT

 

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DRIVE WINTER 2015
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3)
SUBJECT CODE & NAME MF0013 & INTERNAL AUDIT & CONTROL
BK ID B1733
CREDIT 4
MARKS 60

 

 

Q.No Criteria Marks Total Marks
1 Define and explain the term auditing. “Personal qualities of an auditor are important for the successful conduct of audit”. Comment
A  

Definition of auditing Explanation of auditing Qualities of an auditor

 

2

3

5

 

10

2 Write the key objectives of a good internal audit system. Narrate the points of dissimilarities between external audit and internal audit.
A Key objectives of a good internal audit system Dissimilarities between external audit and internal audit. 5

5

 

10

3 Give the role of internal auditor in the Company’s Management. List down the duties of auditor Under Section 581ZG.
A Role of internal auditor in the company’s

management

Duties of auditor u/s 581ZG

 

7

3

 

10

4 The effectiveness of the internal control system can be ensured if the important aspects of the

company’s operations are kept in mind.

Explain the characteristics of an effective internal control system. Write the elements of internal control.

A Characteristics of an effective internal control system

Elements of internal control

 

4

6

 

10

5 Describe general EDP controls. Explain the appraisal of accounting system and related internal
  control.
A General EDP controls

Appraisal of accounting system and related internal control.

4

 

6

 

10

6 Explain the internal control systems in insurance companies. Write down about the reporting internal control weaknesses.
A Internal control systems in insurance companies Reporting internal control weaknesses 5

5

10

*A-Answer

 

Note –Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

 

Dear Students,

SMU MBA WINTER 2015 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”