Accounting Multiple Choice Question – 30 March 2026

Internal and external auditors provide different services to companies.

For each of the following examples, select whether it is a service which would be provided by internal auditors only, by external auditors only or by either.

• Statutory audit

Select ONE answer:

1. Neither
2. Internal Auditors
3. External Auditors
4. Either

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 – External auditors are responsible for carrying out the statutory audit. Internal auditors are responsible for the monitoring of internal controls. External auditors, as part of their external audit, will not monitor internal controls but must at least ascertain the controls in place and document them. They may then choose to test them for purposes of reliance.
4. Not correct

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