ACCA F8 Revision Quiz

237 Comments

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

 
 
 
 

Question 1 of 20

2. 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 2 of 20

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

Question 3 of 20

4. For how long after the date of the statement of financial position should going concern be assessed?

 
 
 
 

Question 4 of 20

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

 
 
 
 
 

Question 5 of 20

6. What word should be in place of * * *? A matter is material if its omission or misstatement would reasonably affect the * * * of an addressee of the auditors’ report.

Question 6 of 20

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

What word should be in place of * * *?

Question 7 of 20

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

 
 

Question 8 of 20

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

Question 9 of 20

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

Question 10 of 20

11. What range of percentage of profit is often taken as guidance for materiality?

 
 
 

Question 11 of 20

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

 
 
 
 
 
 

Question 12 of 20

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

 
 
 
 
 

Question 13 of 20

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

 
 
 
 
 

Question 14 of 20

15. 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 15 of 20

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

Question 16 of 20

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

 
 
 
 
 
 

Question 17 of 20

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

 
 
 
 
 
 

Question 18 of 20

19. 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 19 of 20

20. 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 20 of 20


 

 

Comments

  1. Avatar of bimpe bimpe says:
    April 1, 2012 at 11:26 pm

    I got 70 %. i pray for June sitting by God grace. We shall all excel in Jesus name

  2. Avatar of kanna kanna says:
    March 11, 2012 at 2:23 pm

    cool

  3. Avatar of bamid bamid says:
    December 7, 2011 at 2:54 pm

    Cool

  4. Avatar of kaise kaise says:
    December 7, 2011 at 12:14 pm

    if i managed to get thes with ma cat knowledge, chances r high that i can also hamma f8 wel.

    • Avatar of gromit gromit says:
      December 7, 2011 at 4:22 pm

      @kaise, I’m sure you know that the exam question are nothing like this simple quiz. Above all, remember to apply your excellent knowledge to the practical situations set out in the scenarios.

      All the best for the exam!

      Gromit

  5. Avatar of mzypeer mzypeer says:
    December 7, 2011 at 9:59 am

    need more quiz’s

  6. Avatar of Satesh Satesh says:
    December 7, 2011 at 6:45 am

    85% both

  7. Avatar of royong royong says:
    December 7, 2011 at 6:19 am

    65% – Need to make more revision. Thanks.

  8. Avatar of ahsanfarooq ahsanfarooq says:
    December 6, 2011 at 4:15 pm

    100% :D

  9. Avatar of wklee wklee says:
    December 6, 2011 at 2:20 pm

    I scored 95% :) A good quiz to refresh my memory on what I’ve studied previously . Thanks open tuition .

  10. Avatar of nasir1905 nasir1905 says:
    December 6, 2011 at 1:30 pm

    85

  11. Avatar of timber timber says:
    December 6, 2011 at 9:20 am

    thanks opentuition…

  12. Avatar of yaar yaar says:
    December 6, 2011 at 2:05 am

    quiz shud hav been more competitive!!!

  13. Avatar of mariat mariat says:
    December 6, 2011 at 1:29 am

    I liked it I got 80%, hope to pass the exam.

  14. Avatar of coolar coolar says:
    December 5, 2011 at 11:10 pm

    I also got 80.but to be realistic,80 marks is hard to come by in the real exam.i would be pleased to score 65 thrust me.

  15. Avatar of acca2335 acca2335 says:
    December 5, 2011 at 7:20 am

    i have got 90% marks

  16. Avatar of bari bari says:
    December 4, 2011 at 5:43 pm

    nice little teaser…thanks Open Tuition…

  17. Avatar of loveflora loveflora says:
    December 4, 2011 at 9:18 am

    emphasis of matter is not included in modified report?

  18. Avatar of barbara barbara says:
    December 4, 2011 at 4:26 am

    wow willontinue working thanks opentuition for facilitating :)

  19. Avatar of valentina2010 valentina2010 says:
    December 3, 2011 at 6:22 pm

    75%, i wish exam to be like this!!!!!

  20. Avatar of vchimedza vchimedza says:
    December 3, 2011 at 3:47 pm

    yey, i got 95%, i wish exams were like tht

  21. Avatar of josephodoi19580 josephodoi19580 says:
    December 3, 2011 at 9:11 am

    I started revision late but passed at only 50% . I have to work hard the remaining few days.

  22. Avatar of tehreem tehreem says:
    December 2, 2011 at 5:52 pm

    i scored 90% thank you Opentuition :)

  23. Avatar of nadinej nadinej says:
    December 2, 2011 at 2:29 am

    good revision I scored 95%, there should be more revision, thanks open tuition

  24. Avatar of audreysim audreysim says:
    December 2, 2011 at 1:03 am

    score 85%, how i wish this is the real exam. But anyway…… nice test. Thanks

  25. Avatar of dayclif dayclif says:
    December 1, 2011 at 7:32 pm

    Need more quiz

  26. Avatar of dayclif dayclif says:
    December 1, 2011 at 7:32 pm

    Thank. I hope getting 90% here will help to get the pass on the 8th

  27. Avatar of rafotey1806 rafotey1806 says:
    December 1, 2011 at 7:24 pm

    cool

  28. Avatar of rafotey1806 rafotey1806 says:
    December 1, 2011 at 7:08 pm

    really cool quiz..Do you have more?

  29. Avatar of nadeemmahmood nadeemmahmood says:
    December 1, 2011 at 6:24 pm

    nice test!

  30. Avatar of chigali chigali says:
    December 1, 2011 at 5:18 pm

    Scored 80%
    Really nice memory jaggler. Enjoyed doing it.

  31. Avatar of snu010 snu010 says:
    December 1, 2011 at 4:31 pm

    Great exercise,it puts us in the mood for exams.Post more

  32. Avatar of atqehsan atqehsan says:
    December 1, 2011 at 10:41 am

    got 65% passed :)

  33. Avatar of cicilykat cicilykat says:
    December 1, 2011 at 9:44 am

    70% thks!

  34. Avatar of priteshga priteshga says:
    December 1, 2011 at 9:05 am

    I got 90%! This test is a very useful revision tool.

  35. Avatar of lidiaha8 lidiaha8 says:
    November 30, 2011 at 10:29 pm

    fabulous quiz.. i need to start reading the Qs properly.silly silly mistakes that i should of got right.

  36. Avatar of debrac debrac says:
    November 30, 2011 at 8:42 pm

    great exercise,got 90% guess i`m on the right path.

  37. Avatar of jw375 jw375 says:
    November 30, 2011 at 6:17 pm

    55%. But i take the time to read the question properly should be able to
    cut out the silly errors before the 8th
    Thank you

  38. Avatar of bagubutt bagubutt says:
    November 30, 2011 at 1:31 pm

    scored 85% AHL…

  39. Avatar of virtue1 virtue1 says:
    November 30, 2011 at 5:57 am

    please post somemore (test) areas, the mistake to make in these test will improve the understanding of the course

  40. Avatar of bonica bonica says:
    November 30, 2011 at 2:29 am

    Thanx

  41. Avatar of ukjoyia ukjoyia says:
    November 29, 2011 at 8:41 pm

    if exams come up in mcqs i would have surely scored more than 80% .

  42. Avatar of abbasravjani abbasravjani says:
    November 29, 2011 at 8:24 pm

    thanxz

  43. Avatar of mau2008 mau2008 says:
    November 29, 2011 at 2:46 pm

    Thanks for the teaser, I hope to pass the exam as well.

  44. Avatar of katerinasokolova katerinasokolova says:
    November 29, 2011 at 1:31 pm

    I wish exam was as easy as this test

  45. Avatar of reshi reshi says:
    November 29, 2011 at 12:41 pm

    hmmmm..mind blowing..its like paper before paper.

  46. Avatar of joevassallo joevassallo says:
    November 29, 2011 at 9:51 am

    Excellent test especially for revision purposes and cover most examinable topics. Well done Open Tuition!
    I scored 85% and I hope this will augur well for the exam day.
    Thank you for your support – these are extremely useful tests.

  47. Avatar of nalungwe nalungwe says:
    November 29, 2011 at 9:44 am

    i will not be sitting for f8 this dec.but i must say the quiz has really helped in opening my brain.am sure it will help me as i start studying for it.Thanks!

  48. Avatar of mainul23 mainul23 says:
    November 29, 2011 at 3:43 am

    excellent…….

  49. Avatar of pillie pillie says:
    November 28, 2011 at 5:04 pm

    come the 8th am passing this paper, these are small things that i’ve been confusing ever since i started the course, any more quiz?

  50. Avatar of iruunka iruunka says:
    November 28, 2011 at 9:33 am

    nice test, tnx

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