Accounting Multiple Choice Question – 27 April 2026

For the following point, select whether it is a valid reason for preparing audit working papers; not a valid reason for preparing working papers; it is of no importance to audit working papers; or it is of no material significance to the preparation of audit working papers?

• To enable the auditor to charge a higher fee

Select ONE answer:

1. Valid
2. No material importance
3. Not Valid
4. No importance

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 – is not valid as there is no direct correlation between the number of working papers produced and the audit fee charged.
4. Not correct

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