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Pearson BA4 New Attempt

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Question 16

Paschal has just passed his CIMA certificate exams and on doing so joined Un-Ethi-Cal Ltd for his first accountancy role.

Upon arrival he was been asked to do his company's corporation tax return, and not wanting to seem as if he was not keen in his first week, tells them he knows what to do and so goes online to find out how to do it.

He's got to go to a party that night, so although he can't work it out properly he fills in the form as best he can so he can get out on time.

Unfortunately, Paschal has breached CIMA's five fundamental ethical principles.

Which of the following has Paschal breached?

Select ALL that apply.

Options:

A.

Integrity + Professional competence and due core

B.

Integrity + Objectivity

C.

Confidentiality + Professional competence and due care

D.

Professional behaviour + Objectivity

E.

Objectivity + Confidentiality

F.

Professional behaviour + Integrity

G.

Confidentiality + Professional competence and due care

Question 17

Which of the following statements is incorrect in relation to a public company limited by shares?

Options:

A.

The company must have at least one director.

B.

The company must have at least one shareholder.

C.

The company must have issued at least £50,000 of shares.

D.

The company must ensure that its company secretary is properly qualified whereas a private company need not have a company secretary.

Question 18

Which of the following resolutions of a private company limited by shares CANNOT be effected by using the written resolution procedure?

(i) An ordinary resolution to dismiss a director.

(ii) A special resolution to misapply statutory pre-emption rights in relation to a new issue of shares.

(iii) An alteration of the articles of association.

Options:

A.

(i) only

B.

(i) and (ii) only

C.

(ii) only

D.

(iii) only

Question 19

Zed plc has appointed Wye and Co (accountants) as auditors of the company. If the audit is carried out negligently which of the following are entitled to claim against the auditors?

Options:

A.

Zed plc only

B.

Zed plc and the directors of Zed plc.

C.

Zed plc, its directors and shareholders.

D.

Zed plc, its directors and shareholders and any other person who has suffered loss as a result of the negligent audit.    

Page: 4 / 24
Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: Dec 3, 2024
Questions: 661
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