Day: June 3, 2025

Accounting Multiple Choice Question – 3 June 2025

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

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The appointment of suitably qualified, independent auditors is the responsibility of a listed company’s…. ?

Select ONE answer:

  1. Shareholders
  2. Audit committee
  3. Board of directors
  4. Finance director

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 == > It is the shareholders who vote to appoint the external auditors, although this is usually on the recommendation of the audit committee and the board. The finance director may be heavily involved in the conduct of the audit but should not be actively involved in appointment except as a member of the board.
  2. Not correct
  3. Not correct
  4. Not correct

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