CIMAPRA17-BA4-1 Exam Dumps

Name: Updated CIMA CIMAPRA17-BA4-1 Exam Dumps & Practice Questions | Prep2Certs
Price: 49 USD
Availability: InStock

Vendor

CIMA

Exam Code

CIMAPRA17-BA4-1

Exam Name

Fundamentals of Ethics, Corporate Governance and Business Law

Exam Duration

Total Questions

661

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:
X is in the process of setting up a private company limited by shares X is considering including certain provisions in the articles of association. Which of the following provisions would be enforceable by and against the company? 1 Dividend rights of the members 2. Terms relating to bonuses of directors 3. Payment terms of suppliers.

A: 1 only

B: 1 and 2 only

C: 2 and 3 only

D: 1,2 and 3

Answer

Correct Answer: A

Q2:
The majority of developed countries require publicly quoted companies and large companies to produce annual financial statements which are then audited by an external auditor. Which of the following statements regarding the requirement for external audit is Incorrect?

A: 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

B: 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.

C: 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.

D: 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

Answer

Correct Answer: B

Q3:
A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest Therefore:

A: the public interest will always be served if an accountant complies with his or her employer's corporate ethical policies

B: frauds which are detected in an audit must be reported to the public

C: a professional accountant's responsibility is not exclusively to satisfy the needs of an individual client or employer

D: professional accountants must be prepared to break laws that they consider to be against the public interest

Answer

Correct Answer: B

Q4:
The majority of developed countries require publicly quoted companies and large companies to produce annual financial statements which are then audited by an external auditor. Which of the following statements regarding the requirement for external audit is Incorrect?

A: 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

B: 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.

C: 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.

D: 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

Answer

Correct Answer: B

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