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L is a senior management accountant in a large and respected firm. He has found out that two of the partners of the firm are working unethically for clients who operate on 'the wrong side of the law'. L would like to draw this matter to the attention of the third partner, but he is concerned that he will either lose his job, or, if the scandal gets out, the firm will lose its reputation and clients as a result. He decides to do nothing. Is this an unethical thing to do?

Options:

Yes - it is the ethical duty of an accountant not to cover anything up

Yes - it is unethical to work for a firm like that

No - he is protecting the reputation of the firm

No - he is protecting his own job and the jobs of everyone in the firm

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Question 2

Compliance is

Options:

Doing the right thing because it is the right thing to do

Doing the right thing because you have to

A way of building trust

A matter of judgment

Question 3

Which of the following type of committee is NOT required by the UK Combined Code?

Options:

Investment committee

Audit committee

Remuneration committee

Nominations committee

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BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

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

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