Accounting Multiple Choice Question – 6 July 2026

For the following description below, select whether they describe analytical review, monetary unit sampling, block selection or systematic selection.

• Peter is auditing trade accounts receivable. Materiality is £25,000. The sample is selected by choosing balances that contain each 25,000th £1 on a cumulative basis.

Select ONE answer:

1. monetary unit sampling
2. block selection
3. systematic selection
4. analytical review

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 – Systematic selection involves selecting items using a constant interval between selections, the first interval having a random start.
2. Not correct
3. Not correct
4. Not correct

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