ACCA F8 Revision Quiz

Please take ACCA F8 Revision Quiz

To complete the quiz you must answer all 20 questions, then you will be shown the results and the correct answers.

(This quiz selects 20 questions at random from the bank, so do try the test again)


1. There are two types of CAAT (computer assisted audit techniques). One is audit software.

What is the other?

 
 
 
 

Question 1 of 20

2. Is the following question typical of an internal control questionnaire (ICQ) or an internal control evaluation questionnaire (ICEQ)? “Can employees be paid for hours that have not been worked?”

 
 

Question 2 of 20

3. When the audit firm changes, the proposed new auditor should contact the retiring auditor. If the client refuses permission for communication to take place, what should the proposed new auditor do?

 
 
 
 
 

Question 3 of 20

4. There are two types of audit file, one is current audit file, the other is ****** audit file

Question 4 of 20

5. Which one of the following pairs of evidence is better?

 
 

Question 5 of 20

6. Which one of the following pairs of evidence is better? Indirect evidence v auditor-direct

 
 

Question 6 of 20

7. What word should appear for * * *?

* * * risk is the risk that a material misstatement in an assertion will not be prevented or detected and corrected on a timely basis by the entity’s internal control.

Question 7 of 20

8. Which one of the following is not one of the financial statement assertions?

 
 
 
 
 
 

Question 8 of 20

9. Which one of the following pair of evidence is better?

 
 

Question 9 of 20

10. What is the proper treatment of a contingent liability where there is a possible obligation or a present obligation that may, but will probably not lead to an outflow of assets?

 
 
 

Question 10 of 20

11. An audit is the **** examination of, and expression of opinion on, the financial statements of an entity.

Question 11 of 20

12. Which one of the following is not one of the fundamental principles of professional ethics?

 
 
 
 
 
 

Question 12 of 20

13. In what type of document would the following sentence be typically found?

“We have no plans or intentions that might materially affect the carrying value or classification of assets and liabilities reflected in the financial statements”

 
 
 
 

Question 13 of 20

14. What is the correct treatment of a contingent asset where the inflow of economic benefits is not probable?

 
 
 

Question 14 of 20

15. A receivables circulation in which a reply is expected from each customer written to, stating whether or not they agree with the balance.

This is a …

 
 
 
 

Question 15 of 20

16. What type of sampling is being used if, say, every 200th invoice is examined?

 
 
 
 
 

Question 16 of 20

17. Is the following true or false?

Under the UK government code listed companies are required to have an internal audit department

 
 

Question 17 of 20

18. ACCA suggest that lead audit partners should be rotated no less frequently than how many years?

 
 
 
 

Question 18 of 20

19. Data held on a computer file and which is relatively permanent and which is referred to many times by programs is known as:

 
 
 
 

Question 19 of 20

20. What sort of ethical threat arises from the auditor owning shares in the company audited?

 
 
 
 
 

Question 20 of 20

 

Comments

Leave a Reply