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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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Question 1

Exe Ltd was registered in 1980 and has an objects clause in its Memorandum of Association. What is the current status of Exe Ltd's objects clause?

Options:

A.

The objects clause will be treated as if it remains in the Memorandum of Association.

B.

The objects clause will be treated as if it is a provision in the Articles of Association.

C.

Exe Ltd will be treated as if it has no objects clause.

D.

The objects clause will be treated as if it only applies to Exe Ltd's directors.

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Question 2

In the UK, the body responsible for reviewing the regulatory activities of the professional accountancy bodies is:

Options:

A.

The Professional Oversight Board for Accountancy

B.

The International Federation of Accountants

C.

The Financial Reporting Council

D.

The Financial Review Board

Question 3

Why should accountants be up-to-date with developments in the profession?Choose TWO options.

Options:

A.

To ensure that clients or employers receive a competent professional service

B.

To avoid accusations of negligence

C.

To ensure successful career development

D.

To earn the respect of their colleagues

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