Day: March 8, 2025

There are activities which legislation requires to be carried out by members of certain bodies that are ‘recognised professional regulators’.

Which ONE of the following activities are included in such requirements?

Select ONE answer:

1. Insolvency
2. Management consultancy
3. Taxation
4. Payroll

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 1

1. Correct == > Some areas of public practice are ‘reserved’ and so there are specific additional requirements for professional accountants engaged in them. The three areas are statutory audit, investment business and insolvency work.
2. Not correct
3. Not correct
4. Not correct

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