Accounting Multiple Choice Question – 29 November 2025

For each of the following statements, select whether they are true or false in respect of the limitations of a system of internal control:

A – The cost of implementing controls may be more expensive than the cost of any potential risk arising.
B – The effectiveness of many controls relies on the integrity of those applying them.

Select ONE answer:

1. Statement A – False, and Statement B – False
2. Statement A – True, and Statement B – False
3. Statement A – True, and Statement B – True
4. Statement A – False, and Statement B – True

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 => Both statements are true
4. Not correct

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