Day: April 2, 2025

Accounting Multiple Choice Question – 2 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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In relation to which of the following does the Financial Reporting Council have statutory powers?

Select ONE answer:

  1. Supervision of the auditing profession by the recognised supervisory bodies
  2. Professional discipline of accountants
  3. Registration within the accountancy profession
  4. Continuing professional education and development

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 == > In areas other than audit, the FRC does not have statutory powers.
  2. Not correct
  3. Not correct
  4. Not correct

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