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Free Practice Questions for OROC Exame de Admissão

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Key Facts: OROC Exame de Admissão Exam

14 subjects

Exam subjects listed in Article 30 of the Regulamento de Exame e de Inscrição

Regulamento n.º 553/2025, Article 30

10 / 20

Minimum grade in each written subject, plus 'Aprovado' in the oral exam

Regulamento n.º 553/2025, Article 29

1–3 hours

Duration of each written paper

Regulamento n.º 553/2025, Article 32

€120

Admission fee per exam subject

OROC exam notices for 2026 and 2027

3 years

Minimum professional internship after the exam (at least 700 hours a year)

Estatuto da OROC, Article 157

To become a Revisor Oficial de Contas, degree holders pass the OROC admission exam under Regulamento n.º 553/2025: written papers in 14 subjects (1 to 3 hours each, held once a year), each passed with 10/20, then an oral defence of a written work. A 3-year internship follows before registration. Each subject costs €120 in 2026. This bank is an independent English-language MCQ study adaptation, not a simulation of the written papers or the oral exam.

Sample OROC Exame de Admissão Practice Questions

Try these sample questions to review concepts for the OROC Exame de Admissão exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 109+ question experience with AI tutoring.

1Under ISA 200 (Overall Objectives of the Independent Auditor), what does the concept of 'reasonable assurance' (segurança razoável) represent in a statutory audit of financial statements?
A.A high but not absolute level of assurance, reducing audit risk to an acceptably low level
B.An absolute guarantee that the financial statements are free from all fraud and error, however small
C.A moderate level of assurance expressed in negative form, stating only that nothing has come to the auditor's attention to suggest misstatement
D.Assurance that the entity will remain a going concern for at least the next twelve months
Explanation: ISA 200 paragraph 5 defines reasonable assurance as a high, but not absolute, level of assurance. It is obtained when the auditor has obtained sufficient appropriate audit evidence to reduce audit risk (the risk that the auditor expresses an inappropriate opinion when the financial statements are materially misstated) to an acceptably low level. Due to inherent limitations of an audit, absolute assurance is unattainable.
2In the audit risk model defined under ISA 200 and ISA 315, how is 'Detection Risk' (risco de deteção) conceptually defined and managed?
A.The susceptibility of an assertion to a misstatement that could be material, before consideration of any related controls
B.The risk that the auditor's procedures fail to detect a misstatement that exists and could be material
C.The risk that a material misstatement will not be prevented, or detected and corrected, on a timely basis by the entity's internal control
D.The risk that the auditor expresses an inappropriate opinion when the financial statements are materially misstated
Explanation: ISA 200 defines detection risk as the risk that the procedures performed by the auditor to reduce audit risk to an acceptably low level will not detect a misstatement that exists and that could be material, individually or in aggregate. The auditor manages detection risk through the nature, timing and extent of further audit procedures.
3Under ISA 320 (Materiality in Planning and Performing an Audit), an auditor determines planning materiality (materialidade de planeamento) for an industrial client with stable profitability to be €200,000 based on 5% of profit before tax. How should the auditor establish 'Performance Materiality' (materialidade de execução)?
A.Set performance materiality above overall materiality (for example, €300,000–€400,000) to allow a wider tolerance
B.Set performance materiality exactly equal to overall materiality at €200,000, assuming misstatements offset each other
C.Set it below overall materiality (e.g. €120,000–€150,000), based on judgment about risk
D.Set performance materiality at the client's petty-cash authorization limit of €20,000
Explanation: ISA 320 defines performance materiality as an amount set at less than materiality for the financial statements as a whole, to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds overall materiality. ISA 320 does not prescribe a percentage; firms commonly use about 50% to 75% of overall materiality depending on assessed risk and prior-year misstatements.
4Under ISA 315 (Revised 2019), which of the following components is NOT one of the five interrelated components of internal control derived from the COSO framework that the auditor must understand?
A.The entity's risk assessment process
B.The information system and communication
C.Control activities
D.The entity's business model and strategy
Explanation: Under ISA 315 (Revised 2019), the five components of the system of internal control are: the control environment, the entity's risk assessment process, the entity's process to monitor the system of internal control, the information system and communication, and control activities. The auditor must also understand the entity's business model as part of understanding the entity and its environment, but the business model is not a component of internal control.
5Under ISA 330 (The Auditor's Responses to Assessed Risks), when is an auditor legally and professionally required to perform substantive analytical procedures or tests of details on material account balances?
A.Required for each material class of transactions, balance and disclosure, whatever the assessed risk
B.Substantive procedures are required only when tests of controls reveal deficiencies
C.Substantive procedures are required only for significant risks
D.Substantive procedures may be omitted when IT general controls and application controls are found to operate effectively
Explanation: ISA 330 paragraph 18 establishes an absolute requirement: irrespective of the assessed risks of material misstatement, the auditor shall design and perform substantive procedures for each material class of transactions, account balance, and disclosure. This reflects the reality that internal control has inherent limitations.
6Under ISA 505 (External Confirmations), what is the appropriate audit response when management requests the auditor not to send a confirmation request to a major trade debtor?
A.Accept management's request without further inquiry and rely on the receivables ledger and later cash receipts
B.Inquire into the reasons, evaluate their validity and risk implications, and perform alternative procedures
C.Treat the refusal as a scope limitation that automatically requires a disclaimer of opinion
D.Send the confirmation request anyway without telling management
Explanation: ISA 505 requires the auditor, when management refuses to allow a confirmation request, to inquire into management's reasons and seek evidence of their validity and reasonableness, evaluate the implications for the assessment of risks (including fraud risk), and perform alternative audit procedures. If the refusal is unreasonable or alternative procedures cannot provide sufficient appropriate evidence, the auditor communicates with those charged with governance and considers the implications for the opinion under ISA 705.
7Under ISA 501 (Audit Evidence - Specific Considerations for Selected Items), when physical inventory is material to the financial statements, what procedure is the auditor required to perform?
A.Rely on the perpetual inventory records provided by warehouse staff
B.Count all inventory items personally at year-end instead of observing and testing management's count
C.Attend the count, unless impracticable, observe it, inspect the inventory and perform test counts
D.Rely on a written confirmation of quantities signed by the warehouse manager at the year-end date
Explanation: ISA 501 paragraph 4 mandates that if inventory is material to the financial statements, the auditor shall obtain sufficient appropriate audit evidence regarding the existence and condition of inventory by attending physical inventory counting, unless impracticable, in order to evaluate instructions, observe counting, inspect inventory, and perform test counts.
8Under ISA 530 (Audit Sampling), what is the difference between non-sampling risk (risco de não amostragem) and sampling risk (risco de amostragem)?
A.Sampling risk arises from human errors such as misreading evidence, while non-sampling risk arises from examining only part of a population
B.Sampling risk applies only to statistical sampling and not to non-statistical sampling
C.Sampling risk is eliminated whenever the sample contains more than 30 items
D.Sampling risk: a sample-based conclusion differs from a full-population test; non-sampling risk: any other error
Explanation: ISA 530 defines sampling risk as the risk that the auditor's conclusion based on a sample may differ from the conclusion if the entire population were subjected to the same procedure, and non-sampling risk as the risk that the auditor reaches an erroneous conclusion for any reason not related to sampling risk, such as using inappropriate procedures or misinterpreting evidence.
9Under ISA 540 (Revised - Auditing Accounting Estimates and Related Disclosures), what is the auditor's primary responsibility regarding management's accounting estimates (such as expected credit losses and fair value measurements)?
A.To obtain evidence on whether estimates and related disclosures are reasonable under the framework
B.To recalculate a single point estimate and require management to record that exact figure in the accounts
C.To ensure that management never changes an estimate from one period to the next
D.To prepare the estimates on management's behalf when management lacks the expertise
Explanation: Under ISA 540 (Revised), the auditor's objective is to obtain sufficient appropriate audit evidence about whether accounting estimates and related disclosures in the financial statements are reasonable in the context of the applicable financial reporting framework.
10Under ISA 570 (Going Concern / Continuidade das Operações), what is the auditor's reporting duty when management has prepared the accounts on a going concern basis, but the auditor concludes that a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern, and that uncertainty is adequately disclosed in the financial statements?
A.Issue an adverse opinion (opinião desfavorável) stating that the going concern basis is invalid
B.An unmodified opinion with a separate 'Material Uncertainty Related to Going Concern' section
C.Issue a disclaimer of opinion (escusa de opinião) because any uncertainty precludes an audit opinion
D.Remain completely silent in the audit report provided the note disclosure in the accounts is adequate
Explanation: ISA 570 (Revised) paragraph 22 requires that if adequate disclosure about the material uncertainty is made in the financial statements, the auditor shall express an unmodified opinion and the auditor's report shall include a separate section under the heading 'Material Uncertainty Related to Going Concern' to draw attention to the note in the financial statements that discloses the matter.

About the OROC Exame de Admissão Exam

Independent practice questions by OpenExamPrep for the Exame de Admissão à Ordem dos Revisores Oficiais de Contas (OROC) in Portugal, covering ISA auditing and quality management, auditor ethics and independence, SNC and IFRS financial accounting, management accounting, corporate and international tax, company and insolvency law, corporate finance and statistics, and CSRD/ESRS sustainability reporting and assurance.

Exam sponsor: Ordem dos Revisores Oficiais de Contas (OROC). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Written papers in 14 subjects (Financial Mathematics and Quantitative Methods; Civil, Commercial, Company and Labour Law; Taxation; Financial Accounting I–III; Business Economics and Finance; Management Accounting; Professional Ethics and Independence; Auditing I–III; Sustainability Reporting Standards; Assurance on Sustainability Reporting), followed by a public oral presentation and defence of a written work on a drawn topic

Time Limit

1 to 3 hours per written paper; oral exam up to 1 hour

Passing Score

10/20 in each written subject and 'Aprovado' in the oral exam

Exam / Certification Fees

€120 per exam subject (2026 and 2027 notices)

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

Not published

Auditoria I–III

ISA 200–899, ISA for LCE, client acceptance, PIE requirements, documentation, fraud, risk assessment, evidence, going concern, group audits, reporting, ISQM 1 and 2, ISRE, ISAE and ISRS

Not published

Ética Profissional e Independência

Estatuto da OROC, OROC and IESBA Codes of Ethics, Regulation (EU) No 537/2014 (prohibited services, fee cap, rotation), incompatibilities and audit supervision by the CMVM

Not published

Contabilidade Financeira I–III

SNC conceptual framework and reporting, asset and liability measurement, revenue, income taxes, business combinations, consolidation, associates, financial instruments and leases, with the main differences from IFRS

Not published

Contabilidade de Gestão

Costing systems, activity-based costing, rational costing, cost-volume-profit analysis, standard costing, relevant costs for decisions and internal transfer pricing

Not published

Fiscalidade

IRC (including group taxation, interest limitation, CFC rules, transfer pricing and international provisions), IRS withholding, IVA and RITI, tax procedure and other taxes

Not published

Direito Civil, Comercial, das Sociedades e do Trabalho

Company law (governance models, statutory audit thresholds, contributions in kind, loss of half of capital, mergers, ROC liability), insolvency and recovery (CIRE, PER), labour law and social security contributions

Not published

Matemáticas Financeiras, Métodos Quantitativos e Economia e Finanças Empresariais

Time value of money, statistics, cost of capital (WACC, CAPM), investment appraisal, derivatives, financial ratios and company valuation

Not published

Relato de Sustentabilidade e Garantia de Fiabilidade

CSRD (as amended by Directive (EU) 2026/470), ESRS, double materiality, EU Taxonomy, and limited assurance under ISSA 5000 and ISAE 3000

Preparing for the OROC Exame de Admissão Exam

What You Need to Know

  • Passing score: 10/20 in each written subject and 'Aprovado' in the oral exam
  • Assessment: Written papers in 14 subjects (Financial Mathematics and Quantitative Methods; Civil, Commercial, Company and Labour Law; Taxation; Financial Accounting I–III; Business Economics and Finance; Management Accounting; Professional Ethics and Independence; Auditing I–III; Sustainability Reporting Standards; Assurance on Sustainability Reporting), followed by a public oral presentation and defence of a written work on a drawn topic
  • Time limit: 1 to 3 hours per written paper; oral exam up to 1 hour
  • Exam / certification fees: €120 per exam subject (2026 and 2027 notices) Official sources

Using Our Practice Resources

  • Work through all 109 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

OROC Exame de Admissão: Suggested Study Strategy

1Master ISA 700, 705 and 706 so you can tell when to issue an unmodified, qualified, adverse or disclaimer of opinion, and how the CLC under Article 45 of the Estatuto da OROC is structured
2Learn the Regulation (EU) No 537/2014 rules for public-interest entities: prohibited non-audit services, the 70% fee cap, the 10-year maximum engagement with a 4-year cooling-off, and 7-year key partner rotation
3Study the SNC rules that differ from IFRS, such as goodwill amortization under NCRF 14 and the NCRF 27 measurement and hedge accounting model
4Practise consolidation entries for unrealized intra-group profit and the equity method, plus management accounting computations such as ABC, rational costing and relevant costs
5Follow the CSRD after Omnibus I (Directive (EU) 2026/470): narrower scope, limited assurance only, and the ESRS double materiality approach
6Know the company-law triggers an auditor meets in practice: CSC Article 262 audit thresholds, Article 28 reports on contributions in kind, Article 35 loss of half of capital and Article 99 merger examinations

Frequently Asked Questions

What is the OROC Exame de Admissão?

It is the admission exam that candidates must pass, before a professional internship, to register as a Revisor Oficial de Contas (statutory auditor) in Portugal. The Estatuto da OROC (Lei n.º 140/2015, as amended by Lei n.º 79/2023) and the Regulamento de Exame e de Inscrição (Regulamento n.º 553/2025) govern it, in line with the EU Audit Directive.

How is the exam structured under Regulamento n.º 553/2025?

Under Article 26, the exam consists of written papers and an oral exam. The 14 subjects are examined in written papers held once a year (in 2026 and 2027, in Lisbon and Porto), each lasting 1 to 3 hours (Article 32). Candidates who pass all the written subjects present and defend a written work on a drawn topic in a public oral exam of up to one hour (Article 36).

Which subjects are examined?

Article 30 lists 14 subjects: Financial Mathematics and Quantitative Methods; Civil, Commercial, Company and Labour Law; Taxation; Financial Accounting I, II and III; Business Economics and Finance; Management Accounting; Professional Ethics and Independence; Auditing I, II and III; Sustainability Reporting Standards; and Assurance on Sustainability Reporting. Annex II of the regulation details the content of each subject.

What is the pass standard, and how long do candidates have?

Each subject is graded from 0 to 20, and candidates need at least 10 in every written subject plus 'Aprovado' in the oral exam (Article 29). Failed or missed subjects can be retaken on later dates, but the process must be completed within three years of the first paper in which the candidate did not pass.

How much does it cost, and what comes after the exam?

The OROC's 2026 and 2027 exam notices set the admission fee at €120 per exam subject. After passing, candidates complete a professional internship of at least three years (at least 700 hours a year, two thirds of it with a ROC patrono) before applying for registration (Estatuto da OROC, Articles 155 and 157).

Is this practice bank an official OROC exam or translation?

No. The OROC exam is run by the Ordem in Portugal under Portuguese regulations, and its notices and programme are published in Portuguese. This bank is an independent English-language MCQ study adaptation by OpenExamPrep that keeps Portuguese legal and technical terms; it is not an official translation, does not simulate the written papers or the oral defence, and is not endorsed by the OROC.