Accounting Multiple Choice Question – 13 September 2024

In the UK which of the following are responsible for the preparation of company annual financial statements?

Select ONE answer:

1. The shareholders
2. The board of directors
3. The auditors
4. The members

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct – by law it is the board of directors which is responsible for preparing financial statements.
3. Not correct
4. Not correct

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