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Question 32

Which ONE of the following statements is correct?

Options:

A.

Adherence to legislation is always mandatory

B.

Adherence to codes of ethics is always mandatory

C.

Adherence to social responsibility policies is always mandatory

D.

Adherence to charitable donation policies is always mandatory

Question 33

Which of the following is CORRECT in relation to the Sarbanes-Oxley Act passed in the United States of America in 2002? 

i. The Act sought to protect investors by improving the accuracy of corporate disclosure and reporting procedures and increasing corporate openness.

ii. The Sarbanes-Oxley Act 2002 was passed in response to the high-profile Enron and WorldCom financial scandals.

iii. The Act provides that all auditors of public companies must register with the Public Company Accounting Oversight Board.

Options:

A.

(i) and (ii) only

B.

(i) and (iii) only

C.

(ii) and (iii) only

D.

(i), (ii) and (iii)

Question 34

Which of the following statements is correct?

(i) The written statement of particulars of employment is the contract of employment and every employee with one month's service is entitled to receive a copy.

(ii) The written statement of particulars of employment is not the contract of employment.

(iii) The written statement of particulars of employment may be the best evidence of the terms of the contract and every employee with one month's service is entitled to receive a copy. 

Options:

A.

(i) only

B.

(ii) only

C.

(iii) only

D.

(ii) and (iii) only

Question 35

SuperSole is a large shoe company that sells its products all over the world. It has many factories and stores in many different countries, and its yearly revenues often exceed £100 million. The company is also listen on

the stock exchange.

Should SuperSole have its own internal auditing department?

Options:

A.

Yes - Its large size and complexity increases the need for an internal auditing department.

B.

Yes - All companies should have their own internal auditing department.

C.

No - Only small companies need an internal auditing department.

D.

No - All companies should be externally audited.

Page: 8 / 24
Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: Nov 21, 2024
Questions: 661
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