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ABC Accountants has taken out an advert in its local paper to promote its services. Mr B, an account manager, is uncomfortable, as the advert says that ABC is expert in charitable tax issues, and he knows that none of the partners have that expertise. However, Mr B does not want to be thought of as a 'trouble maker' by bringing the matter up with his manager. Which TWO things should Mr B do?

Options:

Seek guidance from CIMA's Code of Ethics

Seek guidance from his line-manager

Do nothing

Speak to the local paper

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Question 2

Independence of mind allows a professional accountant to:

Options:

Act with integrity

Exercise objectivity

Exercise professional skepticism

All of the above

Question 3

Which of the following is correctly stated to be an advantage of carrying on business via a company limited by shares?

(i) The liability of the company is limited.

(ii) In general the directors are not liable for the debts of the company.

(iii) The liability of the shareholders is limited.

Options:

(i) only

(i) and (ii) only

(ii) and (iii) only

(iii) only

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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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