BA4 Exam Questions Tutorials

Fundamentals of Ethics - Corporate Governance and Business Law Questions and Answers

Question 13

Which ONE of the following provides an example of circumstances that may create self-review threats for a professional accountant in public practice?

The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice

Reporting on the operation of financial systems after being involved in their design or implementation

A member of the assurance team being, or having recently been, a director or officer of that client

All of the above

Question 14

Which of the following groups is a non-financial as opposed to a financial stakeholder of a company?

Competitors

Shareholders

Customers

Suppliers

Question 15

Which of the following is incorrect in relation to Shari'ah law?

Islamic law provides for matters spiritual and physical

Eating pork is prohibited

Criticism of the prophet Mohammad is accepted

Apostasy is similar to the law of treason in the UK

Question 16

Being able to be trusted by others to be dependable reflects the personal quality identified by the CIMA Code of Ethics as:

Traditionalism

Reliability

Respect

Transparency