Question bank · ICAEW ACA Certificate Level

ICAEW ARF Assurance and Risk Fundamentals MCQs with Answers

130 multiple-choice questions for Assurance and Risk Fundamentals, organised chapter by chapter, each with the correct answer and a worked explanation. Assurance, risk, internal controls, evidence and ethics — Next Generation ACA Certificate Level practice. Read them here, then switch to a timed mock to test yourself under exam pressure.

1. Chapter 1The concept of and need for assurance10 MCQs
2. Chapter 2Obtaining and accepting an engagement8 MCQs
3. Chapter 3Planning, materiality and risk assessment13 MCQs
4. Chapter 4Internal control systems and IT controls12 MCQs
5. Chapter 5Controls over revenue and purchases11 MCQs
6. Chapter 6Controls over payroll, inventory and cash11 MCQs
7. Chapter 7Assertions and audit evidence11 MCQs
8. Chapter 8Audit procedures and substantive testing12 MCQs
9. Chapter 9Sampling and audit documentation11 MCQs
10. Chapter 10Professional ethics: principles, threats and safeguards12 MCQs
11. Chapter 11Confidentiality, money laundering and regulation10 MCQs
12. Chapter 12Risk, information flows, sustainability assurance and reporting9 MCQs