Day: April 5, 2026

Accounting Multiple Choice Question – 5 April 2026

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

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Which ONE of the following activities would NOT typically be performed by both the internal and external auditor?

Select ONE answer:

  1. Review of the efficiency of operations
  2. Review of compliance with laws and regulations
  3. Assessment of the effectiveness of internal controls
  4. Carrying out tests of details on transactions and balances

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 1

  1. Correct – The external auditor may identify efficiency issues during the statutory audit but audit work is not specifically planned with this objective.
  2. Not correct
  3. Not correct
  4. Not correct

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