Chorus CFE Practice Exam

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• Which is NOT a component of the COSO Internal Control framework?
• Which note value equals four beats?
• Which statement about WACC usage in capital budgeting is accurate?
• Which is a type of audit evidence commonly used when testing revenue recognition?
• Which statement is true about C Major?
• Which time-management strategies are effective for the CFE exam?
• Which symbol raises a note by a half step?
• Which key has one flat?
• For a modification under IFRS 15 that adds goods or services that are distinct and priced reflect stand-alone selling prices, how should it be treated?
• What disclosures are required by IFRS 8 segment reporting?
• Which note value equals six beats?
• Under IAS 36, impairment is measured as recoverable amount, which is the higher of value in use and fair value less costs of disposal.
• Which cavity includes the hard and soft palates?
• Which standard governs impairment of tangible and finite-life intangible assets, and how is impairment measured?
• Which term describes the soft, sweet quality in music?
• The note value that lasts 1.5 beats is which?
• Which term designates a long pause?
• The ability to hear or sing pitches in the head without sounding them aloud is called what?
• Under IFRS 16, when does a lessee recognize a right-of-use asset and lease liability?
• Which scale consists of only whole steps, containing six notes per octave?
• Which symbol lowers a note by a half step?
• Which term means going from one key to another?
• Which term denotes a hold or pause longer than a breath?
• What is the role of professional skepticism in fraud risk response?
• Which tempo marking is described as very fast?
• Which statement best describes sufficiency and appropriateness of audit evidence?
• Tax planning vs tax compliance definition?
• Which marking indicates a strong, emphasized attack on a note?
• Which is the correct list of COSO internal control components?
• In a revenue contract modification where the added goods or services are not distinct, how is the modification accounted?
• What is the order of flats in key signatures?
• A dotted eighth note lasts the same duration as how many sixteenth notes?
• What is the term for restoring a note to its natural pitch after being altered?
• Which term refers to how in-tuned a singer's pitches are during performance?
• Which term indicates gradually louder?
• Which sequence correctly lists the notes of the bass clef from E to B inclusive?
• In a time signature, which component indicates how many beats are in a measure?
• In capital budgeting, what does the Weighted Average Cost of Capital (WACC) represent and how is it used?
• What term describes hearing or singing pitches in the head before singing them aloud?
• What is a typical case-taking approach to structuring a CFE answer?
• Which two indicators are commonly signals that heighted professional skepticism is required?
• Which note value equals 1.5 beats?
• Which term describes the quality that is described as deep, full, and reverberating?
• Which term indicates a long pause in musical notation?
• Which term means a smooth, connected style across notes?
• Which dynamic marking is mapped to Medium Soft?
• Which statement best describes Economic Value Added (EVA)?
• Gradually Softer, similar to decrescendo, which term is used?
• Which symbol lowers a note by a full step?
• Which dynamic marking is associated with Medium Loud?
• Under CAS/ASPE, going concern assessment period?
• Two voices sounding like one is called what?
• IFRS 9 requires impairment of financial assets using which model?
• What term is defined as the distance from the lowest note to the highest note a voice or instrument can perform?
• Which symbol cancels a sharp or flat?
• Which tempo marking indicates Moderately slow?
• Which scale has the interval pattern WWHWWWH?
• Which of the following is one of the four main content areas commonly tested on the CFE?
• ROIC is defined as which of the following?
• In the bass clef note sequence, what is the second note after E?
• If carrying amount exceeds recoverable amount in impairment testing, what should be recognized?
• What is a key concept of IFRS 2 share-based payments regarding recognition?
• What is the hurdle rate in capital budgeting?
• What term describes the extra lines used to notate pitches above or below the staff?
• Under IFRS 16, how is a lessor classified and what is recognized?
• GST/HST basics; what is input tax credit?
• In going-concern assessment, which elements should be considered?
• Which tempo marking indicates Gradually speed up?
• Which dynamic marking corresponds to the instruction Soft?
• Which term is used to indicate a gradual decrease in volume?
• Which term indicates a smooth, lyrical style of singing?
• Which structure is commonly called the voice box and houses the vocal cords?
• Under IFRS 15, when the scope or price of a contract changes, how should the modification be accounted for?
• Which note value equals half a beat?
• Which texture is described by voices singing the same rhythm but different notes?
• Which marking corresponds to Very, very loud?
• Distinguish zero-based budgeting from incremental budgeting.
• Which region lies behind both the nasal and oral cavities?
• Which term means 'sweetly' in musical expression?
• Which tempo marking is typically slower than Moderato and commonly described as broad?
• How many notes per octave are found in a whole tone scale?
• Which texture features voices singing independent rhythms or melodies?
• Under IAS 2, write-down to NRV is required when NRV falls below cost.
• Which is NOT typically used as audit evidence when testing revenue recognition?
• Which dynamic marking means very soft?
• Which element of IT general controls focuses on changes to systems and software?
• The note value that lasts 3 beats is which?
• Which note value equals two beats?
• Which term is used to indicate a gentle, singing style?
• Which muscles between the ribs expand and contract the rib cage in breathing process?
• Which components constitute the fraud risk triangle?
• In a sample case prompt involving revenue recognition concerns, impairment of obsolete inventory, and weak internal controls over journal entries, which are core issues to identify?
• The note value that lasts 6 beats is which?
• Which term describes the speech sound used to articulate diction with the lips, tongue, roof of the mouth, and teeth?
• Which scale has the interval pattern WHWWHWW?
• Which note value equals three beats?
• Which statement best describes CAS 315 style risk assessment procedures?
• The inside of your mouth which includes the soft and hard palates.
• Which articulation involves playing the note with a quick strike, not sustaining it to blend with the next note?
• Break-even analysis identifies the sales volume at which revenue equals costs and is used for feasibility.
• In determining control under IFRS 10, which elements are considered?
• Which marking instructs to hold a note for its full value?
• The note value that lasts 4 beats is which?
• What is an effective structure for a written communication to management and board in a CFE context?
• The note value that lasts 2 beats is which?
• Under IAS 2, how is inventory measured?
• In IFRS 16, what is the impact on a lessee's balance sheet and related accounts?
• Which marking indicates that all notes should be accented?
• Which term describes a singing, smooth, connected style?
• The unique color or tone quality of a voice or instrument
• Which tempo marking denotes the fastest standard tempo in common usage?
• Purpose of a management letter?
• Which marking instructs the musician to hold the note for its full value?
• Which marking indicates a short pause used for taking a breath?
• How many distinct notes are in a pentatonic scale per octave?
• Audible breath coming out in tone.
• Which marking indicates a short pause used to breathe?
• Which tempo marking should a performer use to return to the original tempo after a tempo change?
• Which tempo marking indicates a tempo change where speed gradually increases?
• In the treble clef note sequence, what is the seventh note?
• Which sequence correctly lists the notes of the treble clef from C up to the octave?
• Materiality in audit planning is used to guide planning and evaluation of misstatements and is typically set using quantitative bases such as percentages of net income or assets.
• What is the primary purpose of IT general controls in audits?
• In audit sampling, which statement about sample sizes is correct?
• Which term translates to 'gradually getting slower'?
• A speech sound used to shape words is called what?
• Which symbol raises a note by a full step?
• Which note value equals a quarter beat?
• Which marking is associated with Loud?
• Which tempo marking indicates a moderate tempo?
• Which tempo marking is synonymous with a walking tempo?
• Balancing each part's dynamics so that all parts are equally heard is called what?
• From a CFE perspective, which items are used to assess going concern in financial reporting?
• Which tempo marking is described as broad slow?
• Independence threats under CFE ethics; how to assess?
• Which dynamic marking means very, very soft?
• Which muscles between the ribs are involved in breathing?
• Which tempo marking corresponds to a walking tempo?
• For equity instruments, which is true about classification under impairment approaches?
• In choral practice, which term means adjusting loudness so every part is audible?
• Speed of music is referred to by which term?
• Economic Value Added (EVA) is calculated as which of the following?
• The voice box; where vocal cords are located; assists in singing/phonation.
• How many flats are in the key signature of F Major?
• The range within which most notes of a vocal part fall
• Transition points in vocal registers are called what?
• Which tempo marking indicates return to the original tempo?
• What is the order of sharps in key signatures?
• The combination of two vowels in one syllable is known as what?
• Which term corresponds to Medium Soft in the dynamic range?
• What are the five steps of the revenue recognition model under IFRS 15?
• Which marking indicates the quietest level in the given dynamic range?
• Space behind nose and mouth.
• What is activity-based costing and why is it relevant for decision making?
• Which scale is described as having five notes per octave?
• Which term indicates the loudest level among the listed markings?
• Which term describes playing in a smooth and connected manner across successive notes?
• General approach to calculating corporate income tax payable in Canada?
• Which term indicates gradually getting slower?
• In IFRS 3, which step is part of identifying the acquirer in a business combination?
• Which marking corresponds to Very loud?
• Which statement best describes the case-based assessment approach used on the CFE?
• Under IFRS 3, identifiable assets and liabilities acquired in a business combination are recognized and measured at what value?
• Which musical notation connects two or more notes of different pitches with a curved line over or under the notes?
• What is the role of governance in strategy and risk management?
• When impairment testing is performed, to what should goodwill be allocated?
• In the context of debt instruments, which statement best describes FVOCI?
• Which is an impairment indicator for cash-generating units?
• Which statement describes a key limitation of Internal Rate of Return (IRR) when used as an investment appraisal method?
• What best describes the difference between defending a client and presenting an objective case in a CFE scenario?
• Soft tissues located at the roof of your mouth; when lifted, covers passage to nasal cavity and therefore prevents nasal sounds.
• Which key has no sharps or flats?
• Which muscle located below the lungs contracts downward to draw in air for inhalation?
• In audit sampling, which scenario would typically warrant a smaller sample size?
• The accuracy of pitches in singing is called what?
• A dotted eighth note lasts how many beats?
• Which statement best describes an input tax credit under GST/HST?
• Under IFRS 9, what are the key criteria for classifying financial assets?
• What is the purpose of sensitivity analysis?
• What defines fair value under IFRS 13?
• Which statement about NPV and IRR is true?
• Which term indicates that a note should be emphasized or accented?
• Under IFRS 10, consolidation is required when an investor controls the investee, typically by having power over the investee, exposure to variable returns, and the ability to use power to affect returns.
• The inside of your nose.
• Which note value lasts one beat?
• Which sequence correctly lists the order of sharps?
• Which term describes the unique quality of a sound?
• Which statement best describes independence and objectivity as an ethics topic?
• What is a balanced scorecard and how is it used to monitor strategic performance?
• Which term indicates Gradually Softer?
• Which term indicates a short, detached note?
• In the standard order of flats, which letter is first?
• Which term describes the overall blending of multiple voices to produce a cohesive sound?
• Which of the following is a typical audit evidence source when testing revenue recognition?
• Which dynamic marking indicates the softest volume among the options?
• Which term denotes a long pause in music?
• Which metric measures profitability relative to shareholders' equity?
• Role of analytical procedures in auditing?
• The quality in a sound of being deep, full, and reverberating.
• Which tempo marking is the fastest among the options?
• Describe impairment testing of goodwill and CGUs.
• Which tempo marking is described as very lively and fast?
• Which term is used to indicate a light, sweet manner of playing?
• Which marking denotes a hold or pause in music notation?
• Deferred tax under IAS 12; temporary differences and future tax consequences?
• Which term is used to denote tempo (speed of music)?
• Which scale uses only half steps with twelve notes per octave?
• A dotted slur indicates that singers should not breathe between those notes. What is this instruction commonly labeled as?
• In a time signature, which component indicates which note value gets the beat?