WBCHSE 11 Commercial law and preliminaries of auditing (CLPA) Syllabus
SEMESTER – I
Multiple Choice Questions (MCQs)
Total Marks: 40 (1 Mark per Question)
| Sl. No. | Topic | Marks Allotted |
|---|---|---|
| 1 | Introduction to Law | 1 × 4 = 4 |
| 2 | Law of Contract | 1 × 16 = 16 |
| 3 | Introduction to Auditing | 1 × 10 = 10 |
| 4 | Errors and Frauds | 1 × 5 = 5 |
| 5 | Different Types of Audits – I | 1 × 5 = 5 |
Part – A : Commercial law
| Unit No. | Unit Name | Topics Covered | Marks |
| Unit 1 | Introduction to Law | • Definition of Law • Features of Law • Rule of Law • Meaning of Commercial Law • Sources of Indian Commercial Law | 4 |
| Unit 2 | Law of Contract | Agreement & Contract – Meaning, definition and essential elements of a contract. Offer & Acceptance – Meaning and definition of offer, offerer, offeree, promise, promisor and promisee; rules regarding offer and acceptance; communication and revocation of offer and acceptance. Consideration – Meaning, types and rules of consideration; “No consideration, no contract” and its exceptions; rights and liabilities of strangers to a contract. Void & Voidable Agreements – Void agreement, voidable agreement, unenforceable agreement, illegal agreement; distinction between void and illegal agreements; valid contract. Capacity of Parties – Meaning of capacity; minor’s agreement; persons of unsound mind; effects of agreements made by persons of unsound mind; disqualified persons. Free Consent – Coercion, undue influence, misrepresentation, fraud, contracts of uberrimae fidei, mistake, unilateral mistake, distinction between fraud and misrepresentation, mistake and consent. Legality of Object & Consideration – Unlawful object and consideration; agreements against public policy; void agreements; unlawful object or consideration in part. | 16 |
Part – B : Preliminaries of auditing
| Unit No. | Unit Name | Topics Covered | Marks |
| Unit 3 | Introduction to Auditing | • Definition and Evolution of Auditing • Nature of Auditing • Objectives of Auditing (Primary & Secondary) • Importance, Advantages and Limitations of Auditing • Relationship and distinction between Accounting and Auditing • Auditor is not an Accountant • Qualifications of Auditor (Professional & General) • Disqualifications of Auditor | 10 |
| Unit 4 | Errors and Frauds | • Errors in Accounting and their types • Detection of errors by Auditor • Fraud: Misappropriation and Manipulation • Detection of frauds by Auditor • Duties of Auditor regarding errors and frauds | 5 |
| Unit 5 | Different Types of Audits – I | On the Basis of Time: • Continuous Audit • Periodical Audit • Interim Audit • Advantages and limitations of each type • Difference between Continuous Audit and Periodical Audit | 5 |
| Part | Subject Area | Marks |
| Part A | Commercial Law | 20 |
| Part B | Preliminaries of Auditing | 20 |
| Grand Total | Commercial Law & Preliminaries of Auditing (CLPA) | 40 |
SEMESTER – II
Short Answer Questions & Descriptive Questions
Total Marks: 40
| Topic | Short Answer Type Questions (2 Marks) | Short Answer Type Questions (3 Marks) | Descriptive Type Questions (5 Marks) | Total |
|---|---|---|---|---|
| Sale of Goods Act | 2 × 1 = 2 | 3 × 1 = 3 | 5 × 2 = 10 | 15 |
| Cyber Law | 2 × 1 = 2 | 3 × 1 = 3 | – | 05 |
| Different Types of Audit – II | 2 × 1 = 2 | 3 × 1 = 3 | 5 × 1 = 5 | 10 |
| Internal Control System | 2 × 1 = 2 | 3 × 1 = 3 | 5 × 1 = 5 | 10 |
| TOTAL | 08 | 12 | 20 | 40 |
Part – A : Commercial law
| Unit No. | Unit Name | Topics Covered | Marks |
| Unit 1 | Sale of Goods Act | Definitions: Buyer, Seller and Goods; Classification of Goods (Existing, Future, Contingent, Ascertained, Unascertained); Sale and Agreement to Sell; Difference between Sale and Agreement to Sell; Essential Elements of a Contract of Sale; Destruction of Goods; Hire-Purchase Agreements; Sale and Other Contracts. Conditions and Warranties: Definitions; Implied Conditions; Doctrine of Caveat Emptor; Implied Warranties; Circumstances where Condition is treated as Warranty; Liabilities of the Seller apart from the Contract of Sale. Transfer of Ownership: When Property Passes from Seller to Buyer; Reservation of Right of Disposal; Transfer of Ownership; Transfer of Title by Non-owner. | 10 |
| Unit 2 | Cyber Law | Introduction: Meaning of Cyber Law; Need for Cyber Law; History of Cyber Law in India. Meaning and Definitions: Electronic Transactions, E-commerce, E-banking, Electronic Signature, Hacking, Phishing, Malware, Cookies, Spam and Firewall. Scope of Cyber Law: Online Contracts, E-commerce Regulation, Consumer Rights, Identity/Data/Funds Theft, Fraud, Forgery and Hacking. Cyber Safety and Security: Meaning and Steps. Information Technology Act, 2000: Overview with emphasis on Section 66A. | 10 |
Part – B : Preliminaries of auditing
| Unit No. | Unit Name | Topics Covered | Marks |
| Unit 3 | Different Types of Audits – II | On the Basis of Law: Statutory Audit, Non-statutory Audit, Government Audit; Advantages and Limitations of each Type; Distinction between Statutory Audit and Non-statutory Audit. On the Basis of Scope of Work: Complete Audit, Partial Audit and Internal Audit; Advantages and Limitations of each Type; Distinction between Internal Audit and Interim Audit; Difference between Statutory Audit and Internal Audit. | 10 |
| Unit 4 | Internal Control System | Internal Control System: Definition, Features, Advantages and Limitations. Internal Checking System: Definition, Objectives, Advantages and Limitations. Duties of an Auditor in respect of Internal Check. Distinction between Internal Control System and Internal Check System. Relevance of Internal Control System in Auditing. Difference between Internal Check and Internal Audit. Internal Check regarding Certain Transactions: Cash Receipts and Cash Payments. | 10 |
| Part | Subject Area | Marks |
| Part A | Commercial Law | 20 |
| Part B | Preliminaries of Auditing | 20 |
| Grand Total | Commercial Law & Preliminaries of Auditing (CLPA) | 40 |