Accounting Multiple Choice Question – 6 May 2026

Which ONE of the following statements is correct in respect of the minimum period, as required by ICAEW, for which audit working papers must be retained by the auditor?

Select ONE answer:

1. Five years from the date of completion of the audit work
2. Six years from the date of the auditor’s report
3. Five years from the date of approval of the financial statements by the shareholders
4. Six years from the end of the accounting period to which they relate

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 – Six years from the end of the accounting period to which they relate is the ICAEW requirement.

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