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 is another name for a reasonable assurance engagement?

 
 
 
 

Question 1 of 20

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

Question 2 of 20

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

 
 
 
 
 
 

Question 3 of 20

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

 
 
 
 
 

Question 4 of 20

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

 
 
 
 
 

Question 5 of 20

6. 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 6 of 20

7. * * * risk is the susceptability of an assertion to a misstatement that could be material individually or when aggregated with misstatements, assuming there were no related internal controls.

What word should appear for * * *?

Question 7 of 20

8. 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 8 of 20

9. What is a NED?

 
 
 
 

Question 9 of 20

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

 
 

Question 10 of 20

11. 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 11 of 20

12. Do auditors have a duty to detect fraud?

 
 

Question 12 of 20

13. 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 13 of 20

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

What word should be in place of * * *?

Question 14 of 20

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

 
 
 
 
 
 

Question 15 of 20

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

 
 
 
 
 
 

Question 19 of 20

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

 
 
 
 

Question 20 of 20

 

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