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ACCA Applied Skills

30 questions 5.0 rating Mobile friendly
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About this Exam

Prepare with the ACCA Applied Skills practice quiz. This question bank includes 30 questions covering audit, company, contract, describes, and governance. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
According to ISA 200, what level of assurance does a statutory audit provide?
Absolute assurance
Reasonable assurance
Limited assurance
No assurance
Question 2
Which of the following is a substantive procedure?
Observing whether segregation of duties exists in the sales department
Reviewing the bank reconciliation prepared by the client
Confirming a sample of receivable balances directly with customers
Inquiring about changes to the IT control environment
Question 3
Under ISA 530, which sampling method gives every item in the population an equal chance of selection?
Haphazard selection
Block selection
Random selection
Judgemental selection
Question 4
An auditor discovers a material misstatement that management refuses to correct. The misstatement is material but not pervasive. What type of audit opinion should be issued?
Unmodified opinion
Qualified opinion ('except for')
Adverse opinion
Disclaimer of opinion
Question 5
Which of the following threats to auditor independence is created when the audit firm provides tax advisory services to an audit client?
Self-interest threat
Self-review threat
Advocacy threat
Familiarity threat

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Additional Information

ACCA Applied Skills

This practice set contains 30 questions from the matching question bank and focuses on audit, company, contract, describes, and governance. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Frequently Asked Questions

This quiz contains a total of 30 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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