Free Practice Questions for SOEL Auditor Exam

Greek Accounting Standards (Ελληνικά Λογιστικά Πρότυπα - ΕΛΠ, Law 4308/2014)

Entity size criteria as amended by Article 47 of Law 5164/2024, presentation of the financial statements, tangible and intangible assets and finance leases under Article 18, financial assets under Article 19, inventories at the lower of cost and net realisable value under Article 20, liabilities and employee benefits under Article 22, grants and deferred tax under Article 23, fair value under Article 24, revenue and construction contracts under Article 25, foreign currency under Article 27, and changes in estimates and correction of errors under Article 28

Auditing, International Standards on Auditing and Professional Ethics (Ελεγκτική, ΔΠΕ και Δεοντολογία)

Reasonable assurance and the audit risk model, materiality and performance materiality, reliability of evidence and external confirmations, inventory attendance, analytical procedures, sampling risk, accounting estimates and management bias, related parties, subsequent events, going concern, written representations, the structure of the auditor's report, key audit matters, modified opinions and emphasis of matter, group audits, quality management under ISQM 1 and ISQM 2, the IESBA fundamental principles and threats to independence, key audit partner rotation under Article 48 of Law 4449/2017, prohibited non-audit services under Article 5 of Regulation (EU) 537/2014, audit committees under Article 44 of Law 4449/2017, and suspicious transaction reporting under Law 4557/2018

Greek Company and Insolvency Law (Εταιρικό και Πτωχευτικό Δίκαιο)

Minimum capital and contributions in kind, pre-emption rights on a capital increase, treasury shares, the statutory reserve of Article 158 and the minimum dividend of Article 161, interim dividends, the capital maintenance duty of Article 119(4), related party transactions and the fairness report, directors' liability and the business judgment rule of Article 102(4), minority rights to an extraordinary audit, liquidation, private companies and partnerships under Law 4072/2012, transformations under Law 4601/2019, and cessation of payments, rehabilitation, revocation and creditor ranking under Law 4738/2020

Greek Taxation, Invoicing and Tax Audit (Φορολογικό Δίκαιο και Φορολογικός Έλεγχος)

Corporate income tax and dividend withholding, non-deductible expenses and the accounting-to-tax reconciliation, tax depreciation rates, bad debt write-off, the interest limitation rule, loss carry-forward, transfer pricing documentation, the participation exemption, controlled foreign companies, indirect audit techniques, invoicing deadlines under Article 11 of Law 4308/2014, myDATA transmission, the annual tax certificate, limitation, penalties and administrative appeals under the Tax Procedure Code (Law 5104/2024), and VAT rates, exemptions, intra-Community acquisitions and the pro rata deduction under the VAT Code (Law 5144/2024)

IFRS and Specialised Auditing (ΔΠΧΑ και Εξειδικευμένοι Έλεγχοι)

The single lessee model and lease measurement under IFRS 16, allocation of the transaction price and over-time recognition under IFRS 15 alongside Article 25 of Law 4308/2014, classification and expected credit losses under IFRS 9, recoverable amount and the goodwill rules of IAS 36, goodwill on a business combination under IFRS 3, provisions under IAS 37, deferred tax assets under IAS 12, correction of errors under IAS 8, prohibited cost formulas under IAS 2, and the definition of control under IFRS 10

Consolidated Financial Statements and Financial Analysis (Ενοποιημένες Καταστάσεις και Χρηματοοικονομική Ανάλυση)

Group size categories and the small group consolidation exemption under Articles 31 to 33 of Law 4308/2014 as amended by Article 48 of Law 5164/2024, goodwill and non-controlling interests measured under the partial goodwill method, liquidity and quick ratios, and operating cash flows under the indirect method

Cost Accounting and Financial Management (Κοστολόγηση, Διοικητική Λογιστική και Χρηματοοικονομική Διοίκηση)

Contribution per unit, break-even and target-profit volumes, direct material price and usage variances under a standard costing system, and investment appraisal using net present value

Public Sector and Sector-Specific Accounting and Auditing (Λογιστική και Ελεγκτική Δημοσίου Τομέα και Ειδικών Κλάδων)

The move to accrual accounting on a common chart of accounts under the General Government Accounting Framework of Presidential Decree 54/2018, minimum own funds requirements for credit institutions under Article 92 of Regulation (EU) 575/2013, and the best estimate plus risk margin measurement of insurance technical provisions under Solvency II as transposed by Law 4364/2016

Sustainability Reporting Assurance (Εκθέσεις Βιωσιμότητας)

The assurance obligation introduced by Law 5164/2024 in transposition of Directive (EU) 2022/2464, performance of the engagement by the statutory auditor of the financial statements, the limited assurance starting point, and impact and financial materiality under the European Sustainability Reporting Standards