Accounting Multiple Choice Question – 30 July 2025

In any assurance engagement there are three parties involved: the responsible party, the practitioner and the user.

In respect of given subject matter state which party:

Determines the suitable criteria?

Select ONE answer:

1. User
2. Practitioner
3. Responsible party
4. The Shareholder

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 == >    It is the responsible party who will determine the suitable criteria (in response to the obligations it has) against which the practitioner will test the subject matter and on which the practitioner will report to the users.
4. Not correct

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