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Summary F8 Special Notes

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This is the best notes for audit and assurance(F8) of ACCA.And also you will get passed in exam with the help of my notes.

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  • May 4, 2017
  • 200
  • 2015/2016
  • Summary

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By: karen_u1206 • 6 year ago

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Available practice questions

Flashcards 8 Flashcards
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Some examples from this set of practice questions

1.

What six threats can relate to objectivity, integrity and independence?

Answer: 1)Self-interest 2)Self-review 3) Familiarity 4) Advocacy 5) Intimidation 6) Management

2.

What are the five elements of an assurance engagement?

Answer: * A three party relationship involving a practitioner, a responsible party, and intended users * An appropriate subject matter * Suitable criteria * Sufficient appropriate evidence * A written assurance report in the form appropriate

3.

Define corporate governance?

Answer: Corporate governance: the system by which companies are directed and controlled.

4.

What two risks contribute to the risk of material misstatement in the financial statements?

Answer: Inherent risk and control risk

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