Day: September 20, 2025

Accounting Multiple Choice Question – 20 September 2025

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

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Audit risk can be split into three components: inherent risk, control risk, and detection risk.

For each of the following examples, select the type of risk illustrated.

  • Senior management regularly override the system of controls….…..?

Select ONE answer:

  1. Inherent
  2. Control
  3. Detection
  4. No Risk

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 2

  1. Not correct
  2. Correct => The existence of management override increases control risk as controls may be ignored leading to an increased risk of material fraud or error.
  3. Not correct
  4. Not correct

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