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

 
 
 
 

Question 1 of 20

2. 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 2 of 20

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

 
 
 
 
 

Question 3 of 20

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

 
 

Question 4 of 20

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

 
 

Question 5 of 20

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

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

 
 
 
 

Question 8 of 20

9. Is the following true or false?

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

 
 

Question 9 of 20

10. Who sets the International Standards on Auditing?

 
 
 
 
 

Question 10 of 20

11. In a listed company, to whom should internal audit report?

 
 
 
 
 

Question 11 of 20

12. Do auditors have a duty to detect fraud?

 
 

Question 12 of 20

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

 
 
 
 

Question 13 of 20

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

 
 
 
 

Question 14 of 20

15. 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 15 of 20

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

Question 16 of 20

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

 
 

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

 
 
 
 
 

Question 20 of 20

 

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