Section 4

1. The following test is carried out by an auditor: “Tracing non-current asset

which have been observed in use back to the non-current asset register” to
verify for which assertions?
A. Right and Obligation
B. Completeness
C. Classification
D. Existence

2. Which of the following assertions is NOT used by auditor about class of

transaction
A. Completeness
B. Occurrence
C. Right and obligation
D. Accuracy

3. Which of the following assertions are NOT relevant to the audit of tangible
non-current assets?
A. Presentation
B. Existence
C. Occurrence
D. Classification

4. Which of the following is NOT valid reason for preparing audit working
papers?
A. To help the audit team to plan and perform the audit
B. To provide evidence of the auditor's basis for a conclusion
C. To provide evidence that the audit was planned and performed in accordance
with ISAs
D. To enable the auditor to charge higher fee

5. Which of the following is likely to be kept on a permanent audit file?

A. Audit manager’s review notes
B. Supporting documents for recording of audited entity
C. Audit plan
D. Lease agreement

6. Which of the following statements is true?

A. Observation gives strong evidence of the matter being observed
B. Physical inspection of assets confirms the Rights and Obligations.
C. Inspection of a purchase invoices confirms the existence of inventory.
D. Inquiry of third parties give more reliable evidence than inquiries of entity
insiders.

7. The audit junior has been assigned to the audit of the bank and cash balances
of Blue Co. He has noted down the audit evidence he plans to obtain in
respect of the bank and cash balances. Which evidence would you expect to
be most reliable?
A. Cash count carried out by the audit junior himself
B. Bank reconciliation carried out by the cashier
C. Bank confirmation report from Blue Co's bank
D. Verbal confirmation from the directors that the overdraft limit is to be
increased

8. The following audit procedures are performed to obtain audit evidence

related to the legal claim. Which evidence would you expect to be most
reliable?
A. Review correspondence between the company and its lawyers regarding the
likely outcome of the case
B. Request a written representation from management supporting their
assertion that the claim will not be successful
C. Review the minutes of the disciplinary hearing to understand whether the
company has acted in accordance with employment legislation and its
internal rules
D. Send an enquiry letter to the Company's lawyers to obtain their view as to
the probability of the claim being successful

9. Which of the following is NOT TRUE in respect of business risks?

A. Management are responsible for identifying and controlling business risks
B. Business risk is the risk inherent to the company in its operations
 C. Business risk is of no relevance to the auditor. The auditor is only concerned
with audit risk.

10. Which of the below factors influence the auditor's judgement regarding the
sufficiency of the evidence obtained?
A. The size of the account
B. The amount of time allocated to the audit
C. The materiality of the account

Section 5

1. Which one of the following is NOT part of an entity’s risk assessment

process?
A. Identifying business risks relevant to financial reporting objectives
B. Estimate the significance of the risk
C. Report the process to the auditors
D. Assessing the likelihood of their occurrence
E. Deciding on actions to address those risks

2. Following is the example of internal control which operate at Blue Ltd:

“There are two keys to the locked finance department safe: one held by the
finance director and the other by the managing director”. Which of the
following type of control activity does this example illustrate?
A. Information processing
B. Segregation of duty phân chia nhiệm vụ
C. Authorization
D. Physical control kiểm soát vật chất

3. Which of the following represent inherent limitations of a system of internal

hạn chế cố hữu
controls?
A. Lack of controls over the sales system
B. Lack of understanding of the purposes of controls
C. Lack of staff to ensure segregation of duties

4. Which of the following areas would you consider to be most at risk of

material misstatement if goods received notes for raw material purchases are
not sequentially numbered?
A. Existence of inventory
B. Rights and obligations of inventory
C. Valuation of payables
D. Completeness of payables

5. Which of the following controls helps to ensure that payroll payments are
only made to bona fide employees? thanh toán đúng người
A. Comparison of bank transfer listing with payroll. đảm bảo thanh toán đúng tiền
B. Personnel records maintained for all employees, and segregation of duties
between staff involved in human resources and payroll functions.
C. Reperformance of the calculation of a sample of payroll deductions. tính toán lại

6. Blue Ltd operate a number of internal controls in its sales system. Assuming
that all controls are operating effectively, which of the following controls
most likely to ensure that customers are invoiced for goods despatched? đảm bảo các hàng
hóa đã xuất kho đã
xuất hóa đơn
A. Require customers to sign for goods received
B. Use of pre-printed sequentially numbered sales order documentation
C. Matching of sales orders with despatch records
D. Matching of despatch records with sales invoice

7. The auditor of Grey Ltd has idendified the following deficiencies within the
purchase system: “Good inwards are not checked”. Which of the following
is the most likely consequence which might arise as a result of that
deficiency. hàng nhận được không ktra
A. Payment to fictitious suppliers góc độ thanh toán
B. Accepting inferior quality goods
C. False invoices could be paid không check hóa đơn
D. Services provided are not accurately recorded bước ghi chép

8. The auditor of Green Ltd has idendified the following deficiencies within the
purchase system: “Purchase of goods from unauthorised suppliers”. Which
of the following is the most likely consequence which might arise as a result
of that deficiency? mua hàng từ nhà cung cấp không được phê chuẩn

A. Prompt payment discounts not obtained

B. Payment to fictitious suppliers góc độ thanh toán
C. Purchase of inferior goods
 9. The auditor of Green Ltd has idendified the following deficiencies within the
purchase system: “Invoices are not checked to original orders”. Which of the
following is the most likely consequence which might arise as a result of that
deficiency? hóa đơn không được kiểm tra với orders ban đầu

A. Accepting inferior quality goods

B. False invoices could be paid
C. Services provided are not accurately recorded
D. Prompt payment discounts not obtained

10. Following is the example of internal control which operate at Green Ltd:
“The chief accountant signs the bank reconciliation, which was prepared by
a member of his staff”. Which of the following type of control activity does
this example illustrate?
A. Authorization phê chuẩn
B. Physical control
C. Information processing
D. Segregation of duty

Section 6

1. In order to gather audit evidence related to payroll expense, auditor performs

“examining purchases invoices for payment authorisation”. Which type of
the following could this procedure be classified? kiểm tra hóa đơn
A. Inspection kiểm tra
B. Enquiry and confirmation gửi thư xác nhận
C. Observation quan sát
D. Recalculation tính toán lại

2. Which of the following procedure are most appropriate to confirm the

valuation of trade receivables? thủ tục nào là xác minh cở sở dữ liệu cho...
A. Review of sales invoice
B. Review of the receivables leger
C. Review aging report and recalculating the allowance for uncollectible
accounts
D. Review of the nominal ledger
3. Which of the following is substantive test: (1) Test of detailed; (2) Test of
operating effectiveness of control; (3) Substantive analytical procedures; (4)
Walkthrough test thử nghiệm cơ bản
A. (1) and (2) only

B. (1) and (3) only

C. (1), (3) and (4)

D. (1), (2), (3) and (4)

4. Which of the following is a substantive audit procedure for wages and salaries?
thủ tục kiểm toán cơ bản = thử nghiệm cơ bản
A. Inspect a sample of clock cards for evidence of authorization by a
responsible official
B. Recalculate a sample of payroll deductions such as employment taxes to
confirm accuracy
C. Attempt to access and make changes to the payroll master file using the log
on for a junior clerk reperformant -> test of control

5. Which one of the following is the reason why the positive method of confirming
receivables with customers is generally preferred?
A. It requires replies to be sent to the client
B. It is carried out in the auditor’s name
C. It requires the customer to reply giving or confirming or disagreeing with the
balance gửi cho auditor

D. It only requires the customer to reply if he disagrees with the balance negative method

6. In accordance with ISA 315 and ISA520, when are analytical proceduresthủ tục nào bắt buộc
compulsory in each of the following circumstances? (1) At the risk assessment
stage of the audit; (2) As a substantive procedure; (3) At the overall review stage of
không bắt buộc
the audit

A. (1) only

B. (1) and (2)

C. (1) and (3)

D. (1) and (2) and (3)

7. In the following circumstances “Damaged items of inventory have not been

written down to net realization value”, which one of the following assertion would
be affected? ảnh hưởng đến cơ sở dữ liệu nào
A. Existence
B. Cut-off liên quan đến hàng tồn kho, công nợ -> valuation
C. Completeness
D. Accuracy, valuation and allocation

8. In the audit of a client where controls have been assessed as deficient. Which of
the following is the most appropriate approach which should be used by the
auditor?
A. Tests of controls only không bh only
B. Substantive tests only mọi cuộc kiểm toán
C. A mix of tests of controls and substantive procedures có khiếm khuyết -> x test of controls

9. The auditor of Blue Co has agreed a sample of non-current assets selected by

physical inspection back to the non-current asset register. For which of the
following assertions does this test provide assurance?
A. Existence sổ -> thực tế
B. Rights and obligations
C. Completeness từ thực tế -> sổ
D. Accuracy and valuation

10. Which of the following audit procedures to prove the assertion of valuation of
inventory?
A. Perform purchase cut-off and sales cut-off test tính đúng kì
B. Attending inventory count and carrying out sample count on a number of
items kiểm đếm hàng tốn kho -> existence
C. Comparing cost on a number of inventory items to sales invoices subsequent
to the year end