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

(i) only

(ii) only

(i) and (ii) only

(i) and (iii) only

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

People have a duty to comply with a set of universal principles that apply irrespective of the consequences of their actions

The guiding principle of conduct should be the greatest happiness or benefit of the greatest number.

People should act in their own best interests and an action is only right if it benefits the individual undertaking that action

Virtues such as charity and justice are dispositions to act in ways that benefit both the person possessing them, and society as a whole