Accounting Multiple Choice Question – 22 April 2026

Which ONE of the following documents would NOT be held in a current audit file?

Select ONE answer:

1. Communications with experts
2. Lease agreements
3. Audit file review notes
4. Copies of management accounts

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 – Details of the history of the client’s business and lease agreements would be held on the permanent audit file.
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.