Title 3.-F8-AOF-Question-book-Jan-2021.pdf ✅

AOF ACCA Paper F8 – Audit and Assurance Question practice 2 SECTION 1: AUDIT AND ASSURANCE ENGAGEMENTS 3 1.1. THEORY QUESTION – AUDIT and assurance engagements 3 1.2. MCQ – AUDIT and assurance engagements 4 SECTION 2: CODE OF ETHICS AND CONDUCT 5 2.1. THEORY QUESTION - ETHICS 5 2.2. MCQ - ETHICS 7 2.3. CASE STUDY - ETHICS 10 SECTION 3: RISK ASSESSMENT 12 3.1. THEORY QUESTION – RISK ASSESSMENT 12 3.2. MCQ – RISK ASSESSMENTS 14 3.3. CASE STUDY - Risk assessment 17 SECTION 4: AUDIT PLANNING AND DOCUMENTATION 21 4.1. THEORY QUESTION – Audit planning and documentation 21 4.2. MCQ – Audit planning and documentation 25 SECTION 5: INTERNAL CONTROLS 27 5.1. THEORY QUESTION – internal control 27 5.2. MCQ - INTERNAL CONTROL 28 5.3. CASE STUDY - Internal control 31 SECTION 6: AUDIT SUBSTANTIVE PROCEDURES 34 6.1. THEORY QUESTION – subtantive procedures 34 6.2. MCQ – SUBSTANTIVE PROCEDURES 36 6.3. CASE STUDY - Substantive procedures 39 SECTION 7: REPORTING 41 7.1. THEORY QUESTION - Reporting 41 7.2. MCQ Audit report 42 7.3. CASE STUDY: Audit report 45