Day: April 12, 2025

Accounting Multiple Choice Question – 12 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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Bash & Co, a firm of chartered accountants, is currently the subject of the ICAEW disciplinary procedure.

Its senior partner, Kev, has been told by a junior colleague that if the Disciplinary Committee decides a penalty should be imposed on the firm, it has the power to:

1 Fine the firm
2 Exclude the firm from membership of ICAEW
3 Offer an unpublicised caution
4 Take away firm’s practising certificate

Which of these penalties may in fact be imposed on Bash & Co?

Select ONE answer:

  1. 1,2 and 3 only
  2. 2,3 and 4 only
  3. 1,2 and 4 only
  4. 1,3 and 4 only

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 3

  1. Not correct
  2. Not correct
  3. Correct == > Yes Yes No Yes
  4. Not correct

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