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

John will lose his employer's trust.

John will lose his job.

John will face criminal proceedings.

John will face civil proceedings.

John will be expelled from the professional accountancy organisations he is a member of.

John will have problems finding new employment.

Independent external audit gives confidence in the financial statements which is required as the directors have incentives to manipulate the financial statements presented to the shareholders

As the directors are responsible for the day-to-day management of the company, they hold more detailed information which is resolved by the presentation of financial statements to the shareholders and this needs to be guaranteed by independent external audit.

Independent external audit gives confidence in the financial statements by including the auditor's opinion on whether or not they show a true and fair view.

As the directors are responsible for the day-to-day management of the company, they hold more detailed information which is resolved by the presentation of financial statements to the shareholders and there is a need for this to be assured by independent external audit

When the boundaries between right and wrong are unclear

When the code of ethics does not specify what action to take

When an individual is under pressure to do something that does not feel right

All of the above