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

a gift from a client is accepted

the competitive fee quoted did not recognize the complexity of the assignment

the auditor accepts a referral of a new client from an existing client

a professional accountant in public practice solicits new work through advertising or other forms of marketing

The head of the audit must report to a high level within the organisation.

The internal audit activity must be free from interference.

The head of the internal audit must communicate and interact directly with the board of directors.

Any problems identified during the audit should be reported.

Action plans should be negotiated with management in order to address any identified problems.

Remuneration should be sufficient to attract, retain and motivate directors of the quality required to run the company successfully, but should not be excessive

Remuneration should be structured in order to link a significant proportion of the rewards to corporate and individual performance

There should be a formal and transparent procedure for developing policy on executive remuneration

The board of directors are able to set the remuneration of non-executive directors