Question bank · ICAP CAF

CAF-8 Audit and Assurance Essentials MCQs with Answers

174 multiple-choice questions for Audit and Assurance Essentials, organised chapter by chapter, each with the correct answer and a worked explanation. Auditing standards and professional assurance engagements. Read them here, then switch to a timed mock to test yourself under exam pressure.

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Chapter 1Concept and Need for Audit10 MCQs
Chapter 2Obtaining an Engagement10 MCQs
Chapter 3Planning and Risk Assessment10 MCQs
Chapter 4Evidence and Sampling10 MCQs
Chapter 5Internal Control10 MCQs
Chapter 6Tests of Controls10 MCQs
Chapter 7Introduction to Substantive Procedures10 MCQs
Chapter 8Substantive Procedures: Non-Current Assets10 MCQs
Chapter 9Substantive Procedures: Current Assets10 MCQs
Chapter 10Substantive Procedures: Other Areas10 MCQs
Chapter 11Related Party Transactions10 MCQs
Chapter 12Reliance on Others10 MCQs
Chapter 13Professional Ethics and Code of Conduct20 MCQs
Chapter 14Audit Finalisation - Reporting10 MCQs
Chapter 15Evaluation of Misstatements & Subsequent Events10 MCQs
Chapter 16Review and Assurance Engagements14 MCQs

How to use this CAF-8 question bank

Read a chapter end-to-end once, covering the answer before you reveal it. Then drill the same chapter in topical mode, and finish with a timed exam simulation to build speed. Wrong answers can be flagged and revisited from your subject dashboard.