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 quality the auditor should NOT look for in third parties who are carrying out some audit work?

 
 
 
 

Question 1 of 20

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

Question 2 of 20

3. An audit is the **** examination of, and expression of opinion on, the financial statements of an entity.

Question 3 of 20

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

 
 
 
 
 

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

 
 
 
 

Question 6 of 20

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

Question 7 of 20

8. What type of audit report is given if the FS contain a pervasive material misstatement?

 
 
 
 

Question 8 of 20

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

 
 
 
 
 
 

Question 9 of 20

10. 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 10 of 20

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

What word should be in place of * * *?

Question 11 of 20

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

 
 

Question 12 of 20

13. 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 13 of 20

14. 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 14 of 20

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

 
 
 
 
 
 

Question 15 of 20

16. What word should be in place of * * *? A matter is material if its omission or misstatement would reasonably affect the * * * of an addressee of the auditors’ report.

Question 16 of 20

17. Who sets the International Standards on Auditing?

 
 
 
 
 

Question 17 of 20

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

 
 
 
 

Question 18 of 20

19. 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 19 of 20

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

 
 
 
 
 

Question 20 of 20

 

Comments

Leave a Reply