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. Who sets the International Standards on Auditing?

 
 
 
 
 

Question 1 of 20

2. Audit reports can be qualified for two reasons. On reason is inability to collect sufficient appropriate audit evidence.

The other reason is:

 
 
 
 

Question 2 of 20

3. Is the following true or false?

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

 
 

Question 3 of 20

4. 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 4 of 20

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

Question 5 of 20

6. 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 6 of 20

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

 
 

Question 7 of 20

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

 
 
 
 
 
 

Question 8 of 20

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

 
 
 

Question 9 of 20

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

 
 
 
 

Question 10 of 20

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

 
 
 
 

Question 11 of 20

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

What word should be in place of * * *?

Question 12 of 20

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

 
 
 
 
 

Question 13 of 20

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

 
 
 
 
 

Question 14 of 20

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

 
 
 
 

Question 15 of 20

16. In what type of document would the following sentence be typically found?

“We have no plans or intentions that might materially affect the carrying value or classification of assets and liabilities reflected in the financial statements”

 
 
 
 

Question 16 of 20

17. 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 17 of 20

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

 
 
 
 
 

Question 18 of 20

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

 
 

Question 19 of 20

20. 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 20 of 20


 

 

Comments

  1. 70% :(

  2. 85%. and these are the easy ones. I don’t know…

  3. i did what i can and still had 80%, is a sign of progress

  4. Need to get more work in

  5. 80% cheers

  6. 40% still studied nothing!!! just watched a video lecture!!
    hopefully i will be prepared before the exam!!

  7. Kalusha,there is alot to do but 70% is Not bad

  8. 75%I pray this will be my result in Jesus name.

  9. 90% – not bad…

  10. 60%, need to work harder

  11. 80%

  12. 70%

  13. 80%

  14. 65%. I have to do more work. however, I think is a good trial.

  15. 75%. Need to do more revision.

  16. Need more concetration as i got only 85%.

  17. 80% I am doin the FAU exam, did just fine, hope i get that grade. people i know f8 will be hard those who score 70 and up don’t me hard on yourself that a recipe for failin, tap your back and just continue revising ur all will pass

  18. Wow, I got 100%, hope a real exam will be as easy…

  19. Yahoo….. Got 95% …..

  20. 75% need to do a lot of revision.

  21. got 90% :(
    should have got 100 as it was on an easy level.
    seems harder to pass the exam

  22. 50 lots of work to do

  23. 60%, lot of hard work to do

  24. 95% have some more work to do!

  25. 85% but could have achieved 90% if I wasnt silly. Miss-spelt *INDIPENDENT*

  26. 65 % …. very bad :(

  27. lot of work to do

  28. 100 %

  29. 70%,, but exams will be toughR..

  30. 85%

  31. 75%,ok but should put more efforts in exams

  32. 90% in the first attemp..
    OMG im going to fail the coming december exam :(

  33. I got 65% i should pull up before December 6

  34. 75% best of luck!

  35. 60% better than what i expected. need to work on my spellings though.

  36. 95 %…:)

  37. 80% thanks. but may be differ in exam. o God Help

  38. 75% need more revision

  39. 60% not yet finished revision

  40. 60%

  41. Thanks open tuition but More work to be done.

  42. cool

  43. 75% and not finish my revision yet more work to do

  44. 75%

  45. 55 % n i’ve not completed my revisin :)

  46. 70% Ok but need more study

  47. 80% first in attempt wow…. incredible

  48. thnx open tuition..

  49. 85%. I’m so happy. Thanks Opentuition.

  50. 80% lot of work to do

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