ACCA F8 Revision Quiz

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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. 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 1 of 20

2. What is the correct treatment of a contingent asset where the inflow of economic benefits is not probable?

 
 
 

Question 2 of 20

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

What word should be in place of * * *?

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. 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 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. 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 8 of 20

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

 
 

Question 9 of 20

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

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. What sort of ethical threat arises from the auditor being a close friend of the financial director of the company being audited?

 
 
 
 
 

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

 
 
 
 
 

Question 16 of 20

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

 
 
 

Question 17 of 20

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

 
 
 
 
 

Question 18 of 20

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

 
 
 
 

Question 19 of 20

20. 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 20 of 20


 

 

Comments

  1. Avatar of deepak deepak says:
    April 24, 2013 at 4:44 am

    only 70% still need more preparation

  2. Avatar of annornda annornda says:
    April 19, 2013 at 4:57 pm

    huh got 75%

  3. Avatar of roziana roziana says:
    April 10, 2013 at 4:35 pm

    Need to study harder with the limited time

  4. Avatar of vusincube vusincube says:
    April 10, 2013 at 6:46 am

    75% and made silly mistakes! Wish the exams were this easy

  5. Avatar of ratan sarkar ratan sarkar says:
    April 9, 2013 at 8:14 pm

    I got 95% marks. Hope improved. Thanks admin for such assessment test introducing.

  6. Avatar of pinky22 pinky22 says:
    April 8, 2013 at 5:09 pm

    Actually i got 90% but because i miss spell two words it got 80%..

  7. Avatar of edwinmatobako edwinmatobako says:
    March 25, 2013 at 1:48 pm

    Got 60%, and thus better but aiming 70 or more

  8. Avatar of evelyn aku evelyn aku says:
    March 19, 2013 at 11:14 am

    40%…bad

  9. Avatar of phalethapelo phalethapelo says:
    March 11, 2013 at 12:41 pm

    GOT 40……I NID TO PULL UP MY SOCKS..

  10. Avatar of iryn p iryn p says:
    March 11, 2013 at 10:50 am

    next I will try my level best

  11. Avatar of josiah josiah says:
    March 11, 2013 at 10:49 am

    75 but i really need to work harder, seriously

  12. Avatar of vw0845528 vw0845528 says:
    March 10, 2013 at 1:31 pm

    Got 75. Hopefully this manifests itself as a pass after the exam on June 6. :)

  13. Avatar of shahfaet shahfaet says:
    March 4, 2013 at 6:05 am

    Gradually better

  14. Avatar of sherri sherri says:
    February 26, 2013 at 10:09 am

    Had 70%

  15. Avatar of anndaley anndaley says:
    February 7, 2013 at 10:08 pm

    My third Audit class and got 60% I know things will improve gradually by exam time

  16. Avatar of anjum442 anjum442 says:
    December 20, 2012 at 4:30 pm

    90%

  17. Avatar of balili balili says:
    December 7, 2012 at 1:15 pm

    scored 75 need improvement

  18. Avatar of seancws seancws says:
    December 6, 2012 at 3:50 am

    90% so bad

  19. Avatar of will1304 will1304 says:
    December 5, 2012 at 7:26 pm

    100%…numerous times… shame the exam isn’t mainly multiple choice though!

    thanks OT!

  20. Avatar of taftedmelody taftedmelody says:
    December 5, 2012 at 3:55 pm

    80% will try again

  21. Avatar of musawershirzai musawershirzai says:
    December 5, 2012 at 12:38 pm

    Thanks for having such Tests

  22. Avatar of chinweike chinweike says:
    December 5, 2012 at 3:03 am

    100% think Im ready

  23. Avatar of bia25 bia25 says:
    December 4, 2012 at 4:43 pm

    80% but have to work more

  24. Avatar of theodine theodine says:
    December 4, 2012 at 11:56 am

    not that way bad but still need some work to do

  25. Avatar of zohaibayub85 zohaibayub85 says:
    December 4, 2012 at 11:47 am

    50% PASS :D

  26. Avatar of arslansalar1988 arslansalar1988 says:
    December 4, 2012 at 10:19 am

    i scored 65%

  27. Avatar of buyam buyam says:
    December 4, 2012 at 9:44 am

    scored 80% first now 75% due to silly mistakes! will try again

  28. Avatar of rule3 rule3 says:
    December 4, 2012 at 9:37 am

    95%, the word games got me :( but somehow i’m feeling confident enough :)

  29. Avatar of golda golda says:
    December 4, 2012 at 7:40 am

    85% not bad

  30. Avatar of linpc linpc says:
    December 4, 2012 at 5:54 am

    thanks for the revision, i like to do it. I had repeat couples of time.
    Get ready to count down for Exam.
    GOOD LUCK!!!! MUST PASS!!!!

  31. Avatar of sima21 sima21 says:
    December 4, 2012 at 4:39 am

    75%

  32. Avatar of zabiqayum zabiqayum says:
    December 4, 2012 at 1:30 am

    I got 65% not good enough need to work hard to get above 85%

  33. Avatar of moitshepi moitshepi says:
    December 3, 2012 at 7:19 am

    55% i should push harder including my spelling

  34. Avatar of linpc linpc says:
    December 3, 2012 at 5:39 am

    this is simple, but the actual exam is not as simple as this……

  35. Avatar of Bryan Valantino Bryan Valantino says:
    December 3, 2012 at 1:39 am

    90%….

  36. Avatar of Md. Arif Ul Kabir Md. Arif Ul Kabir says:
    December 2, 2012 at 1:21 pm

    75%.. Did some spelling mistake:-(

  37. Avatar of Shawaiz Shawaiz says:
    December 2, 2012 at 12:17 pm

    85% dont know if this is good here !

  38. Avatar of nurcheong nurcheong says:
    December 2, 2012 at 11:16 am

    90% :)

  39. Avatar of tammo tammo says:
    December 2, 2012 at 6:14 am

    75%

  40. Avatar of tammo tammo says:
    December 2, 2012 at 6:05 am

    70%

  41. Avatar of Nitish Nitish says:
    December 2, 2012 at 2:49 am

    60 % :( some silly mistakes..need to work harder :/

  42. Avatar of kingojoe2000 kingojoe2000 says:
    December 1, 2012 at 11:26 pm

    i tired my best and got 90% am still preparing nad by GOD’s Grace i will pass. best wishes to all december sitters

  43. Avatar of mariana79 mariana79 says:
    December 1, 2012 at 5:45 pm

    80% it is good, but not enough :)

  44. Avatar of ovaislake ovaislake says:
    December 1, 2012 at 4:57 pm

    65% very week
    taking a long time to answer questions

  45. Avatar of memo memo says:
    December 1, 2012 at 4:33 pm

    80% NOT ENOUGH HAVE TO DO HARD WORK

  46. Avatar of junaid99 junaid99 says:
    December 1, 2012 at 1:03 pm

    huuuf its too difficult audit….

    I love u audit plx now pass… :p

  47. Avatar of diannel2012 diannel2012 says:
    December 1, 2012 at 12:31 pm

    80% :)
    hope it goes the same way in the exam, still have alot to go over tho :(
    Best of luck to Everyone

  48. Avatar of sdarkey sdarkey says:
    December 1, 2012 at 11:31 am

    IT COULD STILL BE BETTER.

  49. Avatar of callaiman callaiman says:
    December 1, 2012 at 10:05 am

    95% not good enough

  50. Avatar of sunny20 sunny20 says:
    December 1, 2012 at 9:19 am

    55% still need to work hard

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