Free Practice Questions for EAK Auditor Exam

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Key Facts: EAK Auditor Exam Exam

Exam Modules

ANO EAK

60 / 55 / 50%

Stage Pass Thresholds

ANO EAK Regulation

3 Stages

Examination Structure

ANO EAK

307-FZ

Federal Audit Law

Russian Federation

ANO EAK administers five base testing modules, six main written modules and one comprehensive case. Base modules contain 40 questions and require 60%; main modules require 55%; the case requires 50%. The five knowledge areas cover accounting, audit, taxation, law, and finance/analysis. The practice-bank percentages below are editorial allocations, not official overall examination weights.

Sample EAK Auditor Exam Practice Questions

Try these sample questions to review concepts for the EAK Auditor Exam exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Russian Federal Accounting Standard FSBU 5/2019 'Inventories' (Запасы), how must trade discounts, rebates, and price concessions granted by a supplier be treated when determining the initial acquisition cost of raw materials?

A.They must directly reduce the initial cost of acquired inventory regardless of settlement timing

B.They must be recognized as other operating income (прочие доходы) in profit or loss upon invoice payment

C.They are credited directly to additional paid-in capital (добавочный капитал) upon goods receipt

D.They are deferred and amortized over the operating cycle of the finished goods produced

Explanation: Under paragraph 12 of FSBU 5/2019, the actual cost of inventory acquired for consideration includes the supplier's price net of discounts, rebates, price reductions, and concessions, regardless of the form in which they are granted. This aligns Russian accounting with IFRS principles (IAS 2) by ensuring inventory is not carried at inflated gross amounts.

2At the balance sheet date, an entity holds finished goods with an historical cost of 1,200,000 RUB. The estimated selling price under ordinary course of business is 1,100,000 RUB, and estimated marketing and delivery costs necessary to complete the sale are 50,000 RUB. Under FSBU 5/2019, what is the required impairment reserve (резерв под обесценение запасов) to be recognized in profit or loss?

A.50,000 RUB

B.150,000 RUB

C.100,000 RUB

D.200,000 RUB

Explanation: Under FSBU 5/2019 (paragraphs 28–30), inventory is valued at the lower of actual cost and net realizable value (чистая стоимость продажи). Net realizable value equals the estimated selling price minus costs to complete and sell: 1,100,000 RUB - 50,000 RUB = 1,050,000 RUB. The required impairment reserve is the excess of cost over net realizable value: 1,200,000 RUB - 1,050,000 RUB = 150,000 RUB.

3Under FSBU 6/2020 'Fixed Assets' (Основные средства), which of the following criteria is mandatory for recognizing an item as a fixed asset?

A.The item must have an acquisition cost exceeding 100,000 RUB as prescribed by statutory tax rules

B.The item must retain legal ownership value even when it cannot generate economic benefits

C.The item has a material physical form, is intended for operational use or rental exceeding 12 months, and can bring economic benefits

D.The item must be intended for resale within the entity's ordinary operating cycle

Explanation: Paragraph 4 of FSBU 6/2020 defines fixed assets as assets having a material physical form, intended for ordinary business use (production, services, administrative purposes, or leasing) over a period exceeding 12 months, and capable of generating economic benefits. The entity establishes its own capitalization cost threshold in its accounting policy rather than following the tax code's 100,000 RUB limit.

4A manufacturing enterprise acquired industrial machinery for 5,000,000 RUB. Its expected useful life is 5 years, and management determined a liquidation value (ликвидационная стоимость) of 500,000 RUB. Using the straight-line depreciation method under FSBU 6/2020, what is the annual depreciation charge?

A.1,100,000 RUB

B.1,000,000 RUB

C.800,000 RUB

D.900,000 RUB

Explanation: Under paragraph 35 of FSBU 6/2020, straight-line depreciation is calculated by dividing the depreciable base (carrying amount minus liquidation value) by the remaining useful life. Here, the depreciable base is 5,000,000 RUB - 500,000 RUB = 4,500,000 RUB. Dividing by 5 years yields an annual depreciation expense of 900,000 RUB.

5An entity revalues an owner-occupied office building, not investment property, under FSBU 6/2020. Cost is 40,000,000 RUB, accumulated depreciation is 10,000,000 RUB, and fair value is 36,000,000 RUB. There is no earlier decrease or impairment to reverse in profit or loss. Ignoring tax, how is the increase recognized?

A.Recognize 6,000,000 RUB outside profit or loss in comprehensive financial result, accumulating a separate revaluation surplus in equity

B.Credit to current profit or loss as other operating income (прочие доходы) for 6,000,000 RUB

C.Credit to retained earnings (нераспределенная прибыль) immediately for 6,000,000 RUB

D.Credit to deferred revenue (доходы будущих периодов) for 6,000,000 RUB

Explanation: Carrying amount is 40,000,000 - 10,000,000 = 30,000,000 RUB, so the increase is 6,000,000 RUB. Under FSBU 6/2020 paragraphs 18 and 20, this increase is recognized in comprehensive financial result outside profit or loss and accumulated separately in equity, unless it reverses a prior decrease or impairment charged to profit or loss. It is a revaluation surplus, not a cash contribution from shareholders.

6During the construction of a new production warehouse, an entity incurred the following expenditures: direct materials 12,000,000 RUB, construction workers' wages 4,000,000 RUB, abnormal costs of repairing scaffolding damaged due to negligence 500,000 RUB, and allocated head-office general administrative costs 800,000 RUB. Under FSBU 26/2020 'Capital Investments' (Капитальные вложения), what total amount must be capitalized into capital investments?

A.17,300,000 RUB

B.16,000,000 RUB

C.16,800,000 RUB

D.16,500,000 RUB

Explanation: FSBU 26/2020 paragraph 16 excludes costs caused by improper organization of work, including losses from breaches of discipline, and management expenses not directly related to the asset's acquisition or creation. Thus the negligence-related repairs and general head-office overhead are expensed. Capital investments are 12,000,000 RUB of materials plus 4,000,000 RUB of direct wages, totaling 16,000,000 RUB.

7Under FSBU 26/2020 and PBU 15/2008, how should interest on a targeted loan used to construct a qualifying asset (инвестиционный актив) be treated if active construction work is suspended for a continuous period of 4 months due to economic re-planning?

A.Interest capitalization continues without interruption as long as the loan agreement remains active

B.Interest incurred during the suspension must be charged directly to additional paid-in capital

C.Stop capitalization from the first day of the month after suspension begins and recognize the relevant interest as other expenses

D.All previously capitalized interest must be derecognized and transferred retrospectively to profit or loss

Explanation: Paragraph 11 of PBU 15/2008 addresses a prolonged suspension of more than three months. Interest ceases to be included in the asset's cost from the first day of the month following the month in which suspension began, and is recognized as other expenses. A period spent on necessary technical or organizational work is not treated as suspension, but the stated idle interruption is.

8Under the general lessee model of FSBU 25/2018 'Accounting for Leases' (Бухгалтерский учет аренды), assuming no recognition exemption applies, which two balance-sheet elements are recognized when the leased asset is made available?

A.An intangible asset for the right of use and trade accounts payable for the rent

B.Prepaid expenses for future rent and a long-term borrowing equal to total payments

C.No balance sheet items; rent is expensed as it falls due, as under the old rules

D.Right-of-use asset (право пользования активом) and lease liability (обязательство по аренде)

Explanation: Under paragraph 10 of FSBU 25/2018, a lessee recognizes a right-of-use asset (ППА) on the asset side and a lease liability (обязательство по аренде) on the liability side at the commencement date. This mirrors IFRS 16 by eliminating off-balance sheet operating lease treatment for standard commercial leases.

9An entity enters into a 3-year lease for warehouse premises with fixed payments of 1,000,000 RUB payable at the end of each year. The lessee's incremental borrowing rate is 10% per annum. Given present value discount factors of 0.9091 (year 1), 0.8264 (year 2), and 0.7513 (year 3), what is the initial measurement of the lease liability under FSBU 25/2018?

A.2,486,800 RUB

B.3,000,000 RUB

C.2,700,000 RUB

D.2,735,500 RUB

Explanation: Under paragraphs 14 and 15 of FSBU 25/2018, the lease liability is initially measured at the present value of future lease payments. The discount rate is the rate implicit in the lease or, if that cannot be determined, the rate at which the lessee borrows or could borrow for a comparable term. The present value is 1,000,000 * (0.9091 + 0.8264 + 0.7513) = 1,000,000 * 2.4868 = 2,486,800 RUB.

10Assume the paragraph 12 conditions in FSBU 25/2018 are met: no ownership transfer or bargain purchase option and no intended sublease. Which situation permits a lessee to elect the paragraph 11 recognition exemption?

A.The leased property is municipal real estate and the lease is concluded for an indefinite term

B.The lease term is 12 months or less, or the new-equivalent item value is at most 300,000 RUB and it generates benefits largely independently

C.The lessor is a foreign entity without a permanent establishment in the Russian Federation

D.The total annual lease payments are below 10% of the lessee's net revenue for the year

Explanation: Paragraph 11 of FSBU 25/2018 lets a lessee skip recognizing the right-of-use asset and lease liability, expensing payments evenly over the term, in three cases. These are a lease term of 12 months or less, a leased item worth no more than 300,000 RUB when new (that can generate benefits largely independently of other assets), or a lessee entitled to simplified accounting. Under paragraph 12, the exemption applies only if the lease provides no transfer of ownership or bargain purchase option and the item is not intended to be subleased.

About the EAK Auditor Exam Exam

Independent practice for the Russian auditor qualification examination (Квалификационный экзамен на получение квалификационного аттестата аудитора), administered by ANO EAK. The official assessment is in Russian and includes written tasks and a comprehensive case. This English-language MCQ study adaptation is not an official translation or format simulation and does not replace written or case-study practice.

Exam sponsor: Uniform Attestation Commission (АНО «ЕАК»). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Three-stage modular system: Stage 1 (Base level) 5 computer testing modules; Stage 2 (Main level) 6 written modules; Stage 3 (Qualification level) 4-hour comprehensive case study

Time Limit

Up to 2 hours per base module, 3 hours per main module, and 4 hours for the case

Passing Score

60% base; 55% main; 50% comprehensive case

Exam / Certification Fees

16,275 RUB per base module; 21,000 RUB per main module; 24,150 RUB per case (231,525 RUB for all first attempts before any discounts)

Exam sponsor website

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

Official sources

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.

Practice bank: 25%; official overall weight not published

Accounting & Financial Reporting (RAS & IFRS)

Federal Accounting Standards (FSBU 5/2019, FSBU 6/2020, FSBU 25/2018), PBU standards, IFRS application, consolidated financial reporting

Practice bank: 25%; official overall weight not published

Auditing Standards & Practice (ISAs)

International Standards on Auditing recognized in Russia, risk of material misstatement, audit procedures, auditor opinions, quality management

Practice bank: 20%; official overall weight not published

Taxation & Tax Law

Tax Code Parts I & II, corporate income tax, value-added tax (VAT), withholding taxes, transfer pricing, tax dispute resolution

Practice bank: 15%; official overall weight not published

Legal Regulation of Economic Activity

Civil Code obligations, corporate governance, bankruptcy procedures, labor contracts, currency regulation, AML/CFT compliance

Practice bank: 15%; official overall weight not published

Corporate Finance & Financial Analysis

Liquidity and solvency ratios, working capital optimization, cost of capital, business valuation methods, computer-assisted audit techniques

Preparing for the EAK Auditor Exam Exam

What You Need to Know

Passing score: 60% base; 55% main; 50% comprehensive case
Assessment: Three-stage modular system: Stage 1 (Base level) 5 computer testing modules; Stage 2 (Main level) 6 written modules; Stage 3 (Qualification level) 4-hour comprehensive case study
Time limit: Up to 2 hours per base module, 3 hours per main module, and 4 hours for the case
Exam / certification fees: 16,275 RUB per base module; 21,000 RUB per main module; 24,150 RUB per case (231,525 RUB for all first attempts before any discounts) Official sources

Using Our Practice Resources

Work through all 100 available questions
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EAK Auditor Exam: Suggested Study Strategy

1Distinguish key differences between Russian Federal Accounting Standards (FSBU) and corresponding IFRS standards

2Master ISA requirements for evaluating audit evidence, communicating key audit matters, and issuing modified audit opinions

3Practice tax calculation mechanics for corporate profits tax and VAT input deductions under Tax Code Chapter 21 and 25

4Review Civil Code provisions regarding joint-stock and limited liability company governance and major transactions

Frequently Asked Questions

What is the structure of the Russian EAK auditor qualification exam?

The examination is administered by ANO EAK in three stages: Stage 1 consists of 5 computer-based testing modules; Stage 2 consists of 6 written problem-solving modules; Stage 3 consists of a 4-hour comprehensive situational case study.

What passing score is required on the EAK auditor exam?

Each base module requires 60% (24 of 40 questions, with two points per correct answer). Each main module requires 55%, and the comprehensive case requires 50%. These thresholds must not be treated as one uniform 50% pass mark.

What laws and standards govern the examination?

The exam is conducted under Federal Law No. 307-FZ 'On Auditing Activity', the decisions of the Audit Council under the Ministry of Finance, and Russian-recognized International Standards on Auditing (ISA/МСА).

Is this practice bank an official simulation of the EAK examination?

The official exam is in Russian and uses computer testing, written problem solving and a comprehensive case. This is independent English-language MCQ practice, not an official translation, format simulation or substitute for written and case-study preparation.