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Assignment No. 2
(Unit 5-9)
Q. 1 Why is the verification important? Discuss the various techniques used in
verification. (20)
Q. 2 Differentiate fixed assets from current assets. Describe the various steps involved
in verification of current assets. (20)
Q. 3 Define current liabilities. Describe the various steps involved in verification of
current liabilities. (20)
Q. 4 Discuss the link between balance sheet and profit and loss account. Describe the
various steps involved in verification of various expenses. (20)
Q. 5 Describe the status, powers, rights, and duties of a Public Ltd. company auditor. (20)
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