Day: November 13, 2026

Accounting Multiple Choice Question – 13 November 2026

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

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Which ONE of the following Classes Of Individual MAYBE permitted to own a material financial interest in an audit client?

Select ONE answer:

  1. A parent of a member of the audit team
  2. A member of the audit team
  3. A minor child of a member of the audit team
  4. A spouse of a member of the audit team

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 – a parent of a member of an audit team may own a material financial interest in an audit client – provided they are not a dependant, which would not normally be assumed to be the case.
  2. Not correct
  3. Not correct
  4. Not correct

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