Accounting Multiple Choice Question – 25 August 2026

The results of substantive tests in relation to non-current assets at Alex Manufacturing Ltd are set out below.

The materiality threshold set for these tests was £5,000.

For each of the following results, select the action which should be taken by the audit senior.

• A building revalued to £100,000 during the year was vouched to an expert valuation carried out by a firm of chartered surveyors.

Select ONE answer:

1. Extend sample
2. Draw conclusion
3. Refer to a senior colleague
4. Refer to a junior colleague

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 2

1. Not correct
2. Correct – Vouching the revalued building to a valuer’s report is sufficient to enable a conclusion to be drawn.
3. Not correct
4. Not correct

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