©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 11:08AM. A+
AAT Level 4 Audit and Assurance Chapter 1
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass.
Who are the users of financial statements ? - Answer✔Stakeholders - Shareholders, Directors,
Employees, Customers, Suppliers, Government, Lenders/Bank
Shareholders uses for financial statements ? - Answer✔For investment and dividends
Directors uses for financial statements ? - Answer✔Business performance, pay/bonuses
Employees uses for financial statements ? - Answer✔Job security and pay
Customers uses for financial statements ? - Answer✔Future purchases, longevity of the
business EG received a 5 year warranty
Suppliers uses for financial statements ? - Answer✔Will they get paid ?, complete credit checks
etc
Government uses for financial statements ? - Answer✔HMRC Taxes, economics viewpoint
industry performance
Lenders/Bank uses for financial statements ? - Answer✔Should they lend is the business
capable of reporting
(1) What are the 2 responsibilities of being a company ? - Answer✔Under the companies Act
2006
(2) What are the 2 responsibilities of being a company ? - Answer✔- Keep adequate accounting
records
(3) What are the 2 responsibilities of being a company ? - Answer✔-To provide financial
statements
(1) Records should contain - Answer✔- Money received and spent by the company and what it
relates to
1
AAT Level 4 Audit and Assurance Chapter 1
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass.
Who are the users of financial statements ? - Answer✔Stakeholders - Shareholders, Directors,
Employees, Customers, Suppliers, Government, Lenders/Bank
Shareholders uses for financial statements ? - Answer✔For investment and dividends
Directors uses for financial statements ? - Answer✔Business performance, pay/bonuses
Employees uses for financial statements ? - Answer✔Job security and pay
Customers uses for financial statements ? - Answer✔Future purchases, longevity of the
business EG received a 5 year warranty
Suppliers uses for financial statements ? - Answer✔Will they get paid ?, complete credit checks
etc
Government uses for financial statements ? - Answer✔HMRC Taxes, economics viewpoint
industry performance
Lenders/Bank uses for financial statements ? - Answer✔Should they lend is the business
capable of reporting
(1) What are the 2 responsibilities of being a company ? - Answer✔Under the companies Act
2006
(2) What are the 2 responsibilities of being a company ? - Answer✔- Keep adequate accounting
records
(3) What are the 2 responsibilities of being a company ? - Answer✔-To provide financial
statements
(1) Records should contain - Answer✔- Money received and spent by the company and what it
relates to
1
