Day: April 24, 2026

Accounting Multiple Choice Question – 24 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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For the statement below, select whether it is true, false, of no importance, or of no material importance.

  • An auditor can destroy the audit plans relating to Alex Manufacturing Ltd for the year ended 30 June 2020 in 2028

Select ONE answer:

  1. no importance
  2. no material importance
  3. false
  4. 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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct – Although ISA 230 requires documentation to be kept for a minimum of five years from the date of the auditor’s report, ICAEW requires Registered Auditors to keep all audit working papers required by auditing standards for a period of at least six years from the end of the accounting period to which they relate.

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