Day: October 19, 2025

Accounting Multiple Choice Question – 19 October 2025

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

Which ONE of the following statements is invalid?

Select ONE answer:

  1. Positive (reasonable) assurance will be given on a statutory audit assignment
  2. Positive (reasonable) assurance will be given on a review assignment
  3. Positive (reasonable) assurance requires more rigorous work to be undertaken than negative assurance does
  4. Negative assurance is assurance given in the absence of any indications to the contrary

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 =>   is incorrect as positive (or reasonable) assurance will be given on an audit assignment, whereas negative (or limited) assurance is given on a review assignment, reflecting the limited procedures carried out.
  3. Not correct
  4. Not correct

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