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. 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 1 of 20

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


Question 2 of 20

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


Question 3 of 20

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


Question 4 of 20

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


Question 5 of 20

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

Question 6 of 20

7. Who sets the International Standards on Auditing?


Question 7 of 20

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


Question 8 of 20

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


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. 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 11 of 20

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

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


Question 14 of 20

15. Is the following true or false?

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


Question 15 of 20

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

What word should be in place of * * *?

Question 16 of 20

17. 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 17 of 20

18. Do auditors have a duty to detect fraud?


Question 18 of 20

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


Question 19 of 20

20. There are two types of CAAT (computer assisted audit techniques). One is audit software.

What is the other?


Question 20 of 20



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