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

Question 1 of 20

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

 
 
 
 
 
 

Question 2 of 20

3. If an auditor advises clients to buy shares in another client, what sort of ethical threat arises?

 
 
 
 
 

Question 3 of 20

4. Is the following true or false?

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

 
 

Question 4 of 20

5. 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 5 of 20

6. What sort of ethical threat can arise from overdue fees?

 
 
 
 
 

Question 6 of 20

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

 
 
 
 

Question 7 of 20

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

 
 
 
 

Question 8 of 20

9. 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 9 of 20

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

 
 
 
 

Question 10 of 20

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

 
 
 
 
 

Question 11 of 20

12. 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 12 of 20

13. Here is an excerpt from an audit report, what word should replace * * *?

“We planned and conducted our audit to obtain * * * assurance that the financial statements are free from material misstatement”

Question 13 of 20

14. An auditor gives weekly advice to a client on a wide range of matters (financial and non-financial). What sort of threat can this give rise to?

 
 
 
 
 

Question 14 of 20

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

 
 

Question 15 of 20

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

 
 

Question 16 of 20

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

 
 
 
 
 

Question 17 of 20

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

 
 

Question 18 of 20

19. ISA500 states that auditors must obtain ***** ***** audit evidence to be able to draw reasonable conclusions on which to base an audit opinion.

What words are represented by ***** ***** ?

Question 19 of 20

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

 
 
 
 

Question 20 of 20

 

Comments

  1. avatar says

    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.

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