I am expecting 75-80 marks

[B]result kabh taq,, ayea ga,, any date or idea[/B]

[QUOTE=Liee;942640][B]result kabh taq,, ayea ga,, any date or idea[/B][/QUOTE]

This is not NTS dear, result will be announced in swptember/october, that too will be only list of those applicants from documents are required, marks will not be mentioned.

Result Expected Date for the Post of Senior Auditor (BS-16)- 2016
 

Result Expected Date for the Post of Senior Auditor (BS-16)- 2016
Minimum 3 months are required to announce the result (Past Experience)

If the expected score remains 60 to 70 marks, then i expect, i will get through it. Because in my point of view, a candidate who guesses he get 80 marks, he usually fall around 70 marks. Furthermore, keeping in view the numbers of seats, the expected score may be near 70 marks.

[QUOTE=ahts;942653]If the expected score remains 60 to 70 marks, then i expect, i will get through it. Because in my point of view, a candidate who guesses he get 80 marks, he usually fall around 70 marks. Furthermore, keeping in view the numbers of seats, the expected score may be near 70 marks.[/QUOTE]
Allah kre k itna hi merit ho

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[QUOTE=raufaccountax;942654]Allah kre k itna hi merit ho

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Aap ka test kaisa raha

[QUOTE=Liee;942665]Aap ka test kaisa raha[/QUOTE]
Expecting 80+

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Question for the Post of Senior Auditor (BS-16) II Group
 

1. A super tax exist in Pakistan or not ? Exist in Pakistan
2. Cash A/c Balance is a Debit or Credit Balance? Debit Balance
3. Part time worker or self employed worker
4. Increase in Bills Payable result in Increase in cash or decrease in cash?
5. Contributory: Definition of "contributory”. - The term "contributory" means every person liable to contribute to the assets of a company in the event of its being wound up, and include the holder of any shares which are fully paid up; and, in all proceedings for determining, and all proceedings prior to the final determination of, the persons who are to be deemed contributories, includes any person alleged to be a contributory.
6. Dividend
7. Main object of budget is plan or control or both?
8. Dividend paid effect which of cash flow activity (Financing, Investment or Operating)
9. Process of data - Coding
10. Maximum number of shareholders in (Pvt.) Company 10, 20, 50 is correct
11. Stock is valued at Market Price or cost price?
12. Heavy Advertisement expense to launch a product is the form of Capital Expense of Revenue?
13. Operating profit is calculated after deduction of operating expense including depreciation?
14. Auditor’s liability is Owner, Creditor
15. Outstanding wages charged to profit and loss or balance sheet?
16. Audit in depth is synonym of complete audit or detailed audit? (Double question)
17. Audit in depth is synonym of complete audit or detailed audit? (Double question)
18. Depreciation on machinery account is debited to Machinery A/C or depreciation a/c
19. Difference Asset and liability is Equity
20. Which one cannot become the Auditor , A director, an internal auditor, or relative of director
21. Memorandum and Article of Association?
22. If Memorandum and Article of Association don’t work who will be????????
23. Current ratio is calculated to check the increase in current asset or asset or liquidity???
24. Cost of inventory is valued by adding Material + Labor or Material + Labor+ production overhead
25. Realization concept defined when cash is received or order received or goods sold
26. Revenue and expense accounts referred as Real A/C or Nominal A/C
27. Discount allowed affect?
28. In Diminishing balance method depreciation is calculated on ????? Written down value
29. Most important tool of raising money is (Finance)
30. Internal Auditor care most about????
31. Devaluation is decrease in value of country currency?
32. Increase in Bank Overdraft will result in cash book or pass book?
33. Journal entry of consignment A/c
34. Journal entry of consignment A/c when goods delivered
35. Cartel a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market.
36. If Good sold to A and charged to B A/c this is Error of commission or omission?

[B]group 2 ka wakay hi difficult tha[/B]

Anyone please share batch 1 test.

senior auditor batch one test
 

dont simply read them kindly answer these and even add if you have more questions.

1- i______ living here since 1990

2-the sun ............ in the east

3-i am sick...........heart

4-work hard lest you...........lose

5-no sooner did he see me.......he embraced me

6-scarcely did he open the door......he saw his friend standing outside

7- i can not work......... compulsion

8-if you work hard you........ succeed

9-defered taxation is a.......?

10-the amount of current assets of a firm with values given.what was the answer 89108 or something ?

11-closing stock are moved to a)trading ac b)profit & loss ac c)balance sheet d).......

12) 60000 sales
50000 cost of sales
10000 office rent
20000 wages
find out profit ?


13. What are analytical procedures?

a) Substantive tests designed to assess control risk
b) Substantive tests designed to evaluate the validity of management’s representation letter
c) Substantive tests designed to study relationships between financial and non*financial
d) All of the above

14. Concurrent audit is a part of
a) Internal check system
b) Continuous audit
c) Internal audit system
d) None

15. THE PRIMARY PURPOSE OF ESTABLISHING QUALITY CONTROL POLICIES AND PROCEDURES FOR DECIDING ON CLIENT EVALUATION IS TO

A) ENSURE ADHERENCE TO GENERAL Y ACCEPTED AUDITING STANDARDS
B) ACCEPTANCE OR RETENTION OF CLIENTS WHOSE MANAGEMENT DOES NOT LACK INTEGRITY
C) ENSURE AUDIT FEES IS CHARGED ACCORDING TO THE TYPE OF AUDIT WORK ASSIGNED
D) ALL OF THE ABOVE

16. THE MAIN OBJECT OF AN AUDIT IS ___


A) EXPRESSION OF OPINION
B) DETECTION AND PREVENTION OF FRAUD AND ERROR
C) BOTH (A) AND (B)
D) DEPENDS ON THE TYPE OF AUDIT

17. THE RISK OF MANAGEMENT FRAUD INCREASES IN THE PRESENCE OF:


A) FREQUENT CHANGES IN SUPPLIES
B) IMPROVED INTERNAL CONTROL SYSTEM
C) SUBSTANTIAL INCREASES IN SALES
D) MANAGEMENT INCENTIVE SYSTEM BASED ON SALES DONE IN A QUARTER

18. IN ORDER TO VOUCH, WHICH OF THE EXPENSES, THE AUDITOR WILL EXAMINE BILL OF ENTRY?

A) CUSTOM
B) EXCISE DUTIES
C) SALES TAX
D) INCOME TAX

19. FOR VOUCHING OF WHICH ITEM, THE AUDITOR IS MOST LIKELY TO EXAMINE COST RECORDS?

A) COMMISSION EARNED
B) BAD DEBTS RECORDED
C) CREDIT SALES
D) SALE OF SCRAP

20.WHEN COUNTING CASH ON HAND THE AUDITOR SHOULD ___

A) ENSURE PRESENCE OF SOMEBODY FROM MANAGEMENT
B) OBTAIN A RECEIPT FROM CUSTODIAN AS TO ITS RETURN
C) ENSURE POSTAGE AND REVENUE STAMPS ARE NOT COUNTED IN PHYSICAL COUNT
D) TEMPORARY ADVANCES TO EMPLOYEES ARE COUNTED TO CALCULATE BALANCE OF CASH IN HAND


21. WHICH OF THE FOLLOWING SECTIONS DEAL WITH QUALIFICATIONS OF THE AUDITOR ?

A) SECTION 226 (1) AND SECTION 226(2)
B) SECTION 224 (1) AND SECTION 224 (2)
C) SECTION 226 (3) AND SECTION 226(4)
D) SECTION 224(3) & SEC.224

22. after addition of new partner the increase in capital value is credited to..........

23. first stock exchange in bombay was established in ...

24. letter of credit is opened on behalf of.......

25.sinking fund investment is a.........

26.auditing is the branch of..........

27.stock in trade is a..............

28.cash sales are recorded in.........

29.debentures are..........for a firm

30.i am..........learning english nowadays.

31............little water in the jug is not enough for me.

32.which of the following has a cash flow element?
fixed capital expenditure,financial charges,c,d.....

33.he is indebted.......me.

34.ali is married.....a rich family.

35. national income is..........govt income,income from public investments,factors of income.....

36. prospectus is...........for a private ltd company-- must,optional,etc

37.GATT was established to........

1. Have been
2. Rises
3. At heart
4. Should
5. Than
6. When
7. Under compulsion
8. Would
9. Asset.... Not sure
11. Trading acc
13. Assess control risk
14. Continuous audit. Not sure.
16. Both a and b
17. Frequent changes in supplies
18. Customs
19. Commission earned
20. A or b dont remember now
22. To partners capital account
23 i wrote 1908
24. Bank..?
26. Abstract science...?
27. Current asset
28. Journal...?
29. Liability
31. The little water
33. Indebted to me
34. In a rich family....?
37. Liberlise trade

corrections are welcome

Mera 3rd batch tha senior auditor ka. . .boht easy tha test or ALLAH ka shukr hy boht acha hoa

Senior Auditor Batch-3
 

I attempt the test of senior auditor, I think
the test of Batch-3 was very easy. I notice a
student in our hall attemt the test before
an hour.

[QUOTE=nawepukhtoon;942696]1. Have been
2. Rises
3. At heart- its of heart
4. Should
5. Than
6. When
7. Under compulsion
8. Would
9. Asset.... Not sure- fixed asset
11. Trading acc
13. Assess control risk
14. Continuous audit. Not sure.
16. Both a and b - its A
17. Frequent changes in supplies
18. Customs
19. Commission earned
20. A or b dont remember now- its c
22. To partners capital account
23 i wrote 1908- mine was wrong its 1875
24. Bank..? - on behalf of buyer
26. Abstract science...?- i marked social sciences
27. Current asset
28. Journal...? - its cash book
29. Liability
31. The little water- i think no article was needed
33. Indebted to me
34. In a rich family....? - its to a rich family
37. Liberlise trade

corrections are welcome[/QUOTE]
you have missed some questions anyways what is your expected score brother

I was in batch 2. The portion of auditing was tough i think.. english portion was so easy. Which carry only 20 marks..

I think the candidates of morning batches were very lucky.. because their paper was easy.. and they solved in no time...

Batch 1 ans request
 

Any one plz mention correct ans as for recording cash sale we use cash book r journal

Morning batch test
 

You r right faizan sb

The test was totally out of syllabus. Examiner didn't even touch the topics like PPRA, PENSION, AUDIT OBJECTIONS, SUPPLEMENTARY GRANT , RE-APPROPRIATION, ANNUAL BUDGET....

This test was not being taken for a listed company as many of the questions asked about shares, directors of the company etc. , which was totally irrelevant.

FPSC has once again violated the rules and played with the future of thousands of aspirants . It also proves the level of incompetency of FPSC.

Defrd tax
 

Plz share da reason of recording defrd tax as liabilty not asset in my openion it shold be asset

[QUOTE=khattakmbl;942725]Any one plz mention correct ans as for recording cash sale we use cash book r journal[/QUOTE]
We should record with a journal entry

Any idea about merit?

I think 70 marks could be good enough.. but that is only a guess.

2nd batch test
 

2nd batch test was easy one. Most of the questions are graduate level

Accounting standrd in pakistan
 

Both A&B are correct means both international accounting standrd used in pakistan and company law 1984,plz discuss

Recording cash sale
 

I also choose journal bt I think it should b cash book as cash book is also kind of journa

Merit list
 

I think merit will b above 80%as competition is so tough

[QUOTE=khattakmbl;942730]Plz share da reason of recording defrd tax as liabilty not asset in my openion it shold be asset[/QUOTE]

Usually we pay tax to the tax authority in the period in which company earn profit but when you defer to pay the tax it becomes your obligation which means it becomes your liability to pay in future.

[quote=zeekaay;942707]you have missed some questions anyways what is your expected score brother[/quote]

well its difficult to tell but would be somewhere in 75-80 inshallah

[quote=mustafa abro;942744]usually we pay tax to the tax authority in the period in which company earn profit but when you defer to pay the tax it becomes your obligation which means it becomes your liability to pay in future.[/quote]

defered tax is both an asset and a libility

deffered taxation is liability

More Question of Batch 1

1. Residual value or solvage value
2. current ratio
3. quick ratio
4. budget definition
5. statefied sampling- randomly selected
6. process costing
7. maslow hierarchy
8. patents-intangible asset
9. depreciation intangible assets
10. company definition having common seal

[QUOTE=Raja Gujral;942729]The test was totally out of syllabus. Examiner didn't even touch the topics like PPRA, PENSION, AUDIT OBJECTIONS, SUPPLEMENTARY GRANT , RE-APPROPRIATION, ANNUAL BUDGET....

This test was not being taken for a listed company as many of the questions asked about shares, directors of the company etc. , which was totally irrelevant.

FPSC has once again violated the rules and played with the future of thousands of aspirants . It also proves the level of incompetency of FPSC.[/QUOTE]

You are right brother, it seemed like the whole test was prepared by a B.COM Level professor of some private college, if this is the level of competency of the so-called most trustable and competent Commission then I feel so sorry for the future of this country. :sleeping

Please can anyone share the mcqs of batch 3?

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**Big Blunder by FPSC**

In the batch first second and 3rd question were asked about Qualification and disqualification of auditors and much more as per the companies ordinance 1984. AAS(AAS1 was asked in batch 3 and right answer was Nine) Indian laws were asked as we follow ISA.

Unfortunately the answers were of Indian Companies ordinance. Can you imagine they took MCQs from iLMI Guide and Ilmi took from internet and on internet it was all about Indian laws and unfortunately competitive authority did not even know about ordinance itself.

All MCQs were taken from Ilmi Guide, Doger guide, caravan guide etc!!

Best of luck everyone specially people who will get 80+

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[QUOTE=khattakmbl;942725]Any one plz mention correct ans as for recording cash sale we use cash book r journal[/QUOTE]
Cash book

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[QUOTE=ahts;942653]If the expected score remains 60 to 70 marks, then i expect, i will get through it. Because in my point of view, a candidate who guesses he get 80 marks, he usually fall around 70 marks. Furthermore, keeping in view the numbers of seats, the expected score may be near 70 marks.[/QUOTE]
No dude this will cross 85 for open merit seats and will fluctuate from 65 to 80 for quota.

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[QUOTE=sansaar;942840]No dude this will cross 85 for open merit seats and will fluctuate from 65 to 80 for quota.

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Please guide me if a candidate qualifies in open merit and fails to obtain good marks in interview then whether he would be considered in his/her provincial quota or he would be considered in open merit only?

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