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Newly Released CIMA BA4 Exam PDF

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Total 661 questions

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

Question 5

Why should accountants be up-to-date with developments in the profession?Choose TWO options.

Options:

A.

To ensure that clients or employers receive a competent professional service

B.

To avoid accusations of negligence

C.

To ensure successful career development

D.

To earn the respect of their colleagues

Question 6

You are the financial controller of SB Company, responsible for directing the budgeting process For the current year, you were instrumental in gaming approval of a particular manager's budget without modification. As a token of appreciation, the manager has given you a gift voucher for a local restaurant In considering whether or not to accept the gift, you should refer to which of the following fundamental ethical principles?

Options:

A.

Professional competence

B.

Credibility

C.

Integrity

D.

Professional behavior

Question 7

Danny holds 1%, Edward 2% and Fozia 3% of the issued share capital of Vee Ltd. Which of these shareholders, acting alone or together, hold the minimum percentage to entitle them to require the company to circulate a written statement of their views to all those entitled to receive notice of the forthcoming annual general meeting?     

Options:

A.

Fozia alone.

B.

Danny and Edward.

C.

Edward and Fozia.

D.

Danny and Fozia.

Question 8

IFAC member firms or bodies:

Options:

A.

Are entitled to use the IFAC Code of Ethics as an optional approach for their own organization

B.

Must, by law, adhere to the IFAC Code of Ethics

C.

Must prosecute any individual who fails to adhere to any part of the IFAC Code of Ethics

D.

Must not apply less stringent standards than those stated in the IFAC Code of Ethics

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Total 661 questions