ACCA F8 Revision Quiz

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

 
 
 

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. * * * of duties implies that a number of people are involved in an accounting process or transaction.

What word should be in place of * * *?

Question 3 of 20

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

 
 

Question 4 of 20

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

 
 
 
 
 

Question 5 of 20

6. Is the following statement true or false?

“An emphasis of matter paragraph included in an audit report means that the audit opinion is modified”

 
 

Question 6 of 20

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

 
 
 
 
 
 

Question 7 of 20

8. 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 8 of 20

9. Audit risk is the risk that an **** audit opinion is given.

Question 9 of 20

10. 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 10 of 20

11. Do auditors have a duty to detect fraud?

 
 

Question 11 of 20

12. A common element of analytical procedures is ***** analysis

Question 12 of 20

13. Which one of the following is NOT part of the five main principles of the UK Corporate Governance Code?

 
 
 
 
 
 

Question 13 of 20

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

 
 

Question 14 of 20

15. 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 15 of 20

16. 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 16 of 20

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

 
 

Question 17 of 20

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

 
 
 
 

Question 18 of 20

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

 
 

Question 19 of 20

20. What is another name for a reasonable assurance engagement?

 
 
 
 

Question 20 of 20


 

 

Comments

  1. Avatar of shevalba11 shevalba11 says:
    May 23, 2013 at 12:58 am

    I did 100% last time but I have not passed the exam :) )

  2. Avatar of lewist lewist says:
    May 22, 2013 at 9:09 am

    Lol I wish this were reflective of actual exam results

  3. Avatar of findingsanity findingsanity says:
    May 22, 2013 at 1:56 am

    75
    thx opentuition

  4. Avatar of narc narc says:
    May 21, 2013 at 4:41 pm

    65%, Not enough

  5. Avatar of cecilia konuwa cecilia konuwa says:
    May 20, 2013 at 2:59 pm

    it was good to under go this test

  6. Avatar of 1989harry 1989harry says:
    May 20, 2013 at 1:25 pm

    75

  7. Avatar of shabihasan11 shabihasan11 says:
    May 20, 2013 at 10:23 am

    i got 75% not bad but need to work harder thank opentuition

  8. Avatar of Sojs Sojs says:
    May 18, 2013 at 6:16 pm

    95% better, but still room for improvement (speed)

  9. Avatar of Sojs Sojs says:
    May 18, 2013 at 5:45 pm

    Thanks OT it was a brain teaser and I have to work harder @ 65%

  10. Avatar of amucheacca2010 amucheacca2010 says:
    May 18, 2013 at 9:01 am

    85% need to put more effort.

  11. Avatar of amucheacca2010 amucheacca2010 says:
    May 18, 2013 at 8:19 am

    60, silly mistakes,not there yet, Nd try harder, but will prefer a exam type question

  12. Avatar of fredmotto fredmotto says:
    May 18, 2013 at 6:32 am

    100 percent! Now boring as somewhere u find a qn with an ans, wil not take it any more

  13. Avatar of fredmotto fredmotto says:
    May 17, 2013 at 11:43 pm

    90% ths time around! The same problem of not reading & understandng the qestion..
    Bettr tht I hve realized it now

  14. Avatar of fredmotto fredmotto says:
    May 17, 2013 at 11:26 pm

    The same questions! No wonder I score 95%, not to b proud of. I wanted 100 though

  15. Avatar of mahamansoor mahamansoor says:
    May 17, 2013 at 10:25 pm

    85%

  16. Avatar of usman305 usman305 says:
    May 17, 2013 at 8:32 pm

    this test is about having a good approach to some items i hve got 65% , and i have not study f8 yet

  17. Avatar of jsas8 jsas8 says:
    May 17, 2013 at 4:39 pm

    90% getting there.

  18. Avatar of jsas8 jsas8 says:
    May 17, 2013 at 4:23 pm

    80% on second attempt. Careless mistakes.

  19. Avatar of jsas8 jsas8 says:
    May 17, 2013 at 4:00 pm

    Pass 70% need to try harder the exam will be nothing like this but this test is a wake call for us.
    Thanks OT. Keep up the good work.

  20. Avatar of ratan sarkar ratan sarkar says:
    May 14, 2013 at 7:25 pm

    I have passed with 100% marks. Hope, understand the subject matter.

  21. Avatar of dkg1 dkg1 says:
    May 14, 2013 at 2:55 am

    90%…. unfortunately the exam will be nothing like this

  22. Avatar of bssy1011 bssy1011 says:
    May 13, 2013 at 5:48 am

    75%

  23. Avatar of trtmarcela trtmarcela says:
    May 10, 2013 at 12:22 pm

    only 60%

  24. Avatar of galinka172000 galinka172000 says:
    May 10, 2013 at 11:10 am

    good try !!! 50%

  25. Avatar of edith1 edith1 says:
    May 10, 2013 at 8:55 am

    40% al my God i can hadly believe this

  26. Avatar of fredmotto fredmotto says:
    May 8, 2013 at 12:41 pm

    85%…… not bad though easy questions…

    want a real test equivalent to exams!!!!!

  27. Avatar of Talal Talal says:
    May 6, 2013 at 5:05 pm

    75%

  28. Avatar of eugene724 eugene724 says:
    April 30, 2013 at 4:12 am

    i only 80%… ha ha need to try hard…

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