Day: July 17, 2026

Accounting Multiple Choice Question – 17 July 2026

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Nataliya Vaitkevich on Pexels.com

For the following statement regarding audit data analytics, select whether it is of no relevance, depends on the type of business, or is true or false.

  • Data analytics allows auditors to test large quantities of transactions very quickly.

Select ONE answer:

  1. No relevance
  2. False
  3. Depends on the type of business
  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 – Data analytics makes it possible not just to test large quantities of transactions very quickly, but also to test whole populations of transactions and so, potentiality and in the future, to revolutionise the whole basis of auditing!

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