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BA4 – Fundamentals of Ethics, Corporate Governance and Business Law

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Showing 4–6 of 20 questions

Question 4

Which TWO of the following are examples of safeguards that may increase the likelihood of identifying or deterring unethical behavior?

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    Effective, well publicized complaints systems operating by the employing organization, the profession or a regulator
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    A company policy stating that ethics is discretionary and it is for individuals to decide on their standards of behavior
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    An explicitly stated duty to report breaches of ethical requirements
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    Leadership of an organization that establishes the expectation that members of an assurance team will act solely in their employer's interest
Question 5

You always take the time to be polite to colleagues and listen to the opinions of others, even if you might disagree with their views. Which TWO of the personal qualities identified by the CIMA Code of Ethics does this demonstrate?

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    Responsibility
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    Reliability
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    Respect
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    Courtesy
Question 6

S is management accountant for a small construction company. The company's financial year is due to end in a few weeks. The company has a number of large construction projects, one of which is behind schedule. One of the directors of the company has asked S to raise an invoice for a progress payment that is due on completion of the next phase of the contract. S knows that this phase will not be complete until after the year end, but the director says that the client needs the invoice now, to allow them to process it in time for payment when the phase is complete.

Which THREE of the following would it be appropriate for S to do?

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    Do as requested
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    Challenge the request
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    Ask for confirmation in writing from the director
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    Refuse
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    Bring the matter to the attention of the managing director
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    Ask for advice from the company's external auditors