Day: July 30, 2026

Accounting Multiple Choice Question – 30 July 2026

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

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On which ONE of the following matters should an auditor seek a written representation?

Select ONE answer:

  1. Whether there are plans to abandon product lines that will result in obsolete inventory
  2. Whether plant and equipment held on the client’s premises exists
  3. The existence (or not) of reconciling items between the cash balance and the bank statement balance
  4. Whether there are any subsequent events after the year-end regarding the popularity of the new canteen menu

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 – Auditors may ONLY obtain written representations to support other audit evidence (ISA 580)
  2. Not correct
  3. Not correct
  4. Not correct

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