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. What sort of ethical threat arises from the auditor auditing financial statements that the auditor also prepared?

 
 
 
 
 

Question 1 of 20

2. What aspects of a client’s undertaking do computer audit programs examine?

 
 
 
 

Question 2 of 20

3. Do auditors have a duty to detect fraud?

 
 

Question 3 of 20

4. What type of audit report is given if the FS contain a pervasive material misstatement?

 
 
 
 

Question 4 of 20

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

 
 

Question 5 of 20

6. 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 6 of 20

7. Who sets the International Standards on Auditing?

 
 
 
 
 

Question 7 of 20

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

 
 
 
 
 

Question 8 of 20

9. As more items are examined in the sample, sampling risk…..

 
 

Question 9 of 20

10. What quality the auditor should NOT look for in third parties who are carrying out some audit work?

 
 
 
 

Question 10 of 20

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

 
 
 
 

Question 11 of 20

12. If an item is included in year-end inventory but no invoice had been received by year-end, to get cut-off correct, the cost of the item should be:

 
 
 
 
 

Question 12 of 20

13. The title of the paragraph that can be inserted in an audit report to draw users’ attention to a note in the financial statements is:  an emphasis of  ***** paragraph

Question 13 of 20

14. Is the following true or false?

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

 
 

Question 14 of 20

15. A **** liability is a possible liability arising from past event whose existence confirmed by future events

Question 15 of 20

16. 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 16 of 20

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

Question 17 of 20

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

 
 
 
 
 
 

Question 18 of 20

19. Which one of the following is NOT a component of the three components of audit risk?

 
 
 
 

Question 19 of 20

20. 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 20 of 20

 

Comments

  1. Avatar of Hammad says

    I lost marks because of spelling mistakes. I know this is not going to happen in the exam that is why I’m not going to complain about it on the comments. Damn it, I already did. Oh well :)

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