FPSC Assistant Audit Officer Past Papers and Solved Model Papers
No earlier FPSC paper exists for this post, so these solved papers follow the official 2026 syllabus. Tap an option to check it.
Model Paper 1: Assistant Audit Officer (solved)
50 MCQs: 10 English and 40 professional (accounting, auditing, public sector finance). Use Show all answers to read it as a solved paper.
English · GrammarQ1. She is ___ honest officer.
"Honest" begins with a vowel sound because the h is silent, so "an" is used.
English · GrammarQ2. Choose the correct sentence.
Hypothetical conditions use the subjunctive "were" with "would".
English · GrammarQ3. By the time we arrived, the meeting ___.
The earlier of two past actions takes the past perfect.
English · GrammarQ4. He insisted ___ checking every voucher.
The verb "insist" is followed by "on".
English · GrammarQ5. I look forward to ___ from you.
In "look forward to", "to" is a preposition, so the gerund follows.
English · GrammarQ6. One of my friends ___ an auditor.
The subject is "one", which is singular.
English · GrammarQ7. This report is ___ than the last one.
"Better" is already comparative; "more better" is a double comparative.
English · GrammarQ8. The accountant, as well as his assistants, ___ responsible.
With "as well as", the verb agrees with the first subject, "the accountant".
English · Sentence structureQ9. Choose the correct sentence.
"Hardly" takes inverted word order and is followed by "when", not "than".
English · Sentence structureQ10. Choose the correct sentence.
"No sooner" takes inversion and is paired with "than".
Professional · Ratio analysisQ11. Current ratio is:
Current ratio measures short-term liquidity.
Professional · Ratio analysisQ12. Current assets are Rs. 300,000 and current liabilities Rs. 150,000. The current ratio is:
300,000 / 150,000 = 2.
Professional · Ratio analysisQ13. The quick (acid test) ratio excludes which item from current assets?
Inventory is the least liquid current asset, so it is excluded.
Professional · Ratio analysisQ14. Current assets 250,000, inventory 100,000, current liabilities 150,000. Quick ratio is:
(250,000 - 100,000) / 150,000 = 1.
Professional · Ratio analysisQ15. Sales are Rs. 500,000 and gross profit Rs. 100,000. The gross profit ratio is:
100,000 / 500,000 x 100 = 20%.
Professional · Ratio analysisQ16. Inventory turnover ratio is:
It shows how many times inventory is sold and replaced in a period.
Professional · Ratio analysisQ17. Debt to equity ratio measures:
It compares borrowed funds with owners' funds to judge solvency.
Professional · Ratio analysisQ18. Return on capital employed is:
ROCE shows how efficiently capital employed earns operating profit.
Professional · Ratio analysisQ19. Debtors turnover is 6 times a year. The average collection period (360 days) is:
360 / 6 = 60 days.
Professional · Ratio analysisQ20. Earnings per share is:
EPS shows profit earned on each ordinary share.
Professional · Ratio analysisQ21. Price earnings (P/E) ratio is:
P/E shows how many times earnings investors pay for a share.
Professional · Ratio analysisQ22. A current ratio far above the norm most likely shows:
Too much in current assets means funds are not being used productively.
Professional · Ratio analysisQ23. Horizontal analysis of financial statements compares:
Horizontal (trend) analysis studies changes across periods.
Professional · Ratio analysisQ24. In vertical analysis of an income statement, each item is shown as a percentage of:
Common-size income statements use revenue as 100%.
Professional · Cost and management accountingQ25. Prime cost is:
Prime cost is the total of all direct costs.
Professional · Constitution (Art. 168-171)Q26. Under Article 168, the Auditor-General of Pakistan is appointed by the:
Article 168(1) says the Auditor-General shall be appointed by the President.
Professional · Constitution (Art. 168-171)Q27. The Auditor-General takes the oath of office before the:
Article 168(2) requires the oath before the Chief Justice of Pakistan.
Professional · Constitution (Art. 168-171)Q28. The term of office of the Auditor-General is:
Article 168(3) fixes a four year term or age 65, whichever comes first.
Professional · Constitution (Art. 168-171)Q29. The Auditor-General can be removed from office only:
Article 168(5) gives the Auditor-General the same protection as a Supreme Court judge.
Professional · Constitution (Art. 168-171)Q30. After leaving office, a former Auditor-General is not eligible for further appointment in the service of Pakistan for:
Article 168(4) bars further appointment for two years.
Professional · Constitution (Art. 168-171)Q31. Under Article 170, the form of the accounts of the Federation and Provinces is prescribed by the Auditor-General with the approval of the:
Article 170(1) requires the approval of the President.
Professional · Constitution (Art. 168-171)Q32. Audit reports relating to the accounts of the Federation are submitted to the:
Article 171: the President causes them to be laid before both Houses of Parliament.
Professional · Constitution (Art. 168-171)Q33. Audit reports relating to the accounts of a Province are submitted to the:
Article 171: the Governor causes them to be laid before the Provincial Assembly.
Professional · Audit planning and PACQ34. Which committee of the National Assembly examines the reports of the Auditor-General?
The PAC examines the audit reports and the appropriation accounts.
Professional · Audit planning and PACQ35. By convention since 2008, the Public Accounts Committee of the National Assembly is chaired by the:
Giving the chair to the opposition strengthens independent oversight.
Professional · Audit planning and PACQ36. The first stage of an audit is usually:
Planning sets the scope, risks, timing and resources.
Professional · Audit planning and PACQ37. Audit risk is the product of:
AR = IR x CR x DR in the audit risk model.
Professional · Audit planning and PACQ38. Materiality in auditing refers to:
Misstatements are material if they could influence users' economic decisions.
Professional · Audit planning and PACQ39. An audit observation not settled at the departmental level may become:
Unsettled observations are reported to the legislature as audit paras.
Professional · Audit planning and PACQ40. A Departmental Accounts Committee (DAC) is held to:
DAC meetings let departments settle audit objections with evidence.
Professional · Economy and fiscalQ41. The financial year of the Government of Pakistan runs from:
Pakistan's fiscal year begins on 1 July.
Professional · Economy and fiscalQ42. Federal taxes in Pakistan are collected by the:
FBR administers income tax, sales tax, customs and federal excise.
Professional · Economy and fiscalQ43. Which of these is a direct tax?
A direct tax is paid by the person on whom it is imposed.
Professional · Economy and fiscalQ44. General sales tax is an example of:
The burden of sales tax is shifted to the consumer.
Professional · Economy and fiscalQ45. Income tax in Pakistan is governed by the:
The Income Tax Ordinance 2001 is the main income tax law.
Professional · Economy and fiscalQ46. Fiscal deficit means:
The fiscal deficit is the gap financed by borrowing.
Professional · Economy and fiscalQ47. Primary deficit equals:
It shows the deficit before paying interest on past debt.
Professional · Economy and fiscalQ48. The National Finance Commission is constituted under Article:
Article 160 provides for the NFC to divide revenues between the Federation and Provinces.
Professional · Economy and fiscalQ49. The NFC is constituted by the President at intervals not exceeding:
Article 160(1) requires an NFC at least every five years.
Professional · Economy and fiscalQ50. Under the 7th NFC Award, which province has the largest share in the provincial divisible pool?
Punjab receives about 51.74 percent of the provincial share.
Model Paper 2: Assistant Audit Officer (solved)
50 more MCQs on the same pattern, covering the remaining syllabus topics.
English · Sentence structureQ1. Choose the correct sentence.
"Despite" is never followed by "of"; "in spite" always is.
English · Sentence structureQ2. Complete the sentence: "Do you know ___?"
In an indirect question the word order is subject then verb.
English · Sentence structureQ3. Complete the sentence: "Unless you work hard, ___."
"Unless" means "if not", so the result is that you will not pass.
English · Sentence structureQ4. Choose the correct sentence.
Latin comparatives like senior, junior and superior take "to", not "than".
English · Sentence structureQ5. Rearrange: P: the accounts Q: verified R: were S: by the auditor
The sentence reads: The accounts were verified by the auditor.
English · Sentence structureQ6. Choose the correct sentence.
"Has" takes the past participle "approved"; the other options break that rule.
English · Sentence structureQ7. Choose the correct sentence.
An action continuing over a period takes the present perfect continuous with "for".
English · Sentence structureQ8. Complete the sentence: "The officer was accused ___ fraud."
The verb "accuse" is followed by "of".
English · Sentence structureQ9. Choose the correct sentence.
"Did not" takes the base verb "know", and "to" takes the base form "trust".
English · Sentence structureQ10. Choose the correctly ordered sentence.
A statement follows subject, modal, verb order.
Professional · Cost and management accountingQ11. A cost that remains the same in total regardless of output within a range is:
Fixed costs such as rent do not change with activity in the relevant range.
Professional · Cost and management accountingQ12. Selling price Rs. 50, variable cost Rs. 30, fixed cost Rs. 40,000. Break-even point in units is:
Contribution per unit = 20; BEP = 40,000 / 20 = 2,000 units.
Professional · Cost and management accountingQ13. Contribution margin is:
Contribution covers fixed costs and then gives profit.
Professional · Cost and management accountingQ14. Marginal costing values closing inventory at:
Fixed production overheads are treated as period costs under marginal costing.
Professional · Cost and management accountingQ15. Job costing is most suitable for:
Each job is a separate cost unit under job costing.
Professional · Cost and management accountingQ16. Process costing is used where production is:
Costs are collected by process and averaged over units.
Professional · Cost and management accountingQ17. Economic order quantity (EOQ) balances:
EOQ is the order size at which total ordering plus holding costs are lowest.
Professional · Cost and management accountingQ18. A flexible budget is one that:
Flexible budgets restate allowed costs for the activity actually achieved.
Professional · Cost and management accountingQ19. Zero-based budgeting requires:
ZBB does not take the previous budget as a base.
Professional · Cost and management accountingQ20. The master budget consists of:
All functional budgets are brought together into the master budget.
Professional · Cost and management accountingQ21. Standard price Rs. 10 per kg, actual price Rs. 12 per kg, actual quantity 500 kg. Material price variance is:
(10 - 12) x 500 = Rs. 1,000 adverse.
Professional · Cost and management accountingQ22. Standard hours 400, actual hours 450, standard rate Rs. 20 per hour. Labour efficiency variance is:
(400 - 450) x 20 = Rs. 1,000 adverse.
Professional · Cost and management accountingQ23. Budgetary control mainly involves:
Variances are analysed so management can take corrective action.
Professional · Cost and management accountingQ24. Activity based costing assigns overheads using:
ABC traces overheads to activities and then to products through cost drivers.
Professional · Cost and management accountingQ25. Margin of safety is:
It shows how far sales can fall before a loss arises.
Professional · Audit planning and PACQ26. Following up audit recommendations means:
Follow-up confirms whether findings were acted upon.
Professional · Internal control, fraud and IT auditQ27. Internal control is designed mainly to provide reasonable assurance about:
Internal control supports reliable reporting, compliance with laws and effective operations.
Professional · Internal control, fraud and IT auditQ28. Segregation of duties means:
Splitting authorisation, recording and custody reduces the risk of fraud.
Professional · Internal control, fraud and IT auditQ29. The COSO framework has how many components of internal control?
They are control environment, risk assessment, control activities, information and communication, and monitoring.
Professional · Internal control, fraud and IT auditQ30. Teeming and lading is a fraud involving:
Cash from one customer is stolen and hidden using money from later customers.
Professional · Internal control, fraud and IT auditQ31. "Ghost employees" on a payroll is an example of:
Salaries are paid to people who do not work for the organisation.
Professional · Internal control, fraud and IT auditQ32. An investigation differs from an audit because it:
An investigation looks deeply into a particular matter such as a suspected fraud.
Professional · Internal control, fraud and IT auditQ33. The primary responsibility for preventing and detecting fraud rests with:
The auditor considers fraud risk, but prevention and detection are management's responsibility.
Professional · Internal control, fraud and IT auditQ34. CAATs stands for:
CAATs use computers to perform audit tests on electronic data.
Professional · Internal control, fraud and IT auditQ35. Generalized audit software is used to:
It helps auditors run tests such as sampling, stratification and finding duplicates.
Professional · Internal control, fraud and IT auditQ36. Test data in IT audit means:
The auditor compares the system's output with expected results.
Professional · Internal control, fraud and IT auditQ37. An audit trail is:
Audit trails let auditors follow transactions through the system.
Professional · Internal control, fraud and IT auditQ38. Application controls in an IT system include:
They ensure completeness and accuracy of transactions within an application.
Professional · Internal control, fraud and IT auditQ39. A strong password policy and user access rights are examples of:
Logical access controls restrict who can use systems and data.
Professional · Internal control, fraud and IT auditQ40. In an internal control questionnaire, the auditor mainly seeks to:
ICQs record how controls work so their strength can be judged.
Professional · Economy and fiscalQ41. A Money Bill is defined in Article:
Article 73 covers the procedure for Money Bills, which originate in the National Assembly.
Professional · Economy and fiscalQ42. The annual Finance Bill, which carries tax measures, is treated as a:
Tax proposals are Money Bills under Article 73.
Professional · Accountability and transparencyQ43. The right to information was made a fundamental right by inserting Article:
Article 19A was added by the Eighteenth Amendment in 2010.
Professional · Accountability and transparencyQ44. The federal law on access to official information is the:
The 2017 Act replaced the Freedom of Information Ordinance, 2002.
Professional · Accountability and transparencyQ45. The National Accountability Bureau (NAB) was established under the:
NAB is Pakistan's main federal anti-corruption body set up in 1999.
Professional · Accountability and transparencyQ46. The Wafaqi Mohtasib (Federal Ombudsman) deals with complaints of:
The Ombudsman redresses injustice caused by maladministration in federal agencies.
Professional · Accountability and transparencyQ47. Under the Right of Access to Information Act 2017, complaints are decided by the:
The Act set up the Pakistan Information Commission.
Professional · Accountability and transparencyQ48. Public sector accountability means officials must:
Accountability requires justifying the use of public money to oversight bodies and citizens.
Professional · Accountability and transparencyQ49. Which body examines whether public money was spent as Parliament intended, on the basis of audit reports?
The PAC reviews audit reports and the appropriation accounts.
Professional · Accountability and transparencyQ50. Transparency in government finance is improved most by:
Open access to fiscal information lets citizens and Parliament hold government to account.
About these Assistant Audit Officer past papers
The Assistant Audit Officer post (BS-17) in the Office of the Auditor General of Pakistan was advertised by FPSC in Consolidated Advertisement No. 4/2026. The test is 100 marks: English 20 and professional 80. Each model paper here keeps that ratio, so two papers together match one full FPSC paper.
The professional MCQs cover financial accounting, partnership and company accounts, ratio analysis, cost accounting, auditing and ISSAIs, Articles 168 to 171, the Public Accounts Committee, IPSAS, the PFM Act 2019 and the economy of Pakistan. Practise English further with antonyms MCQs and idioms and phrases.
For official updates check the FPSC website, and read about the office on the Auditor General of Pakistan site.
Model papers written by QuizWing on the official FPSC syllabus. Updated 16 November 2026.