Which of the following is CORRECT in relation to the Sarbanes-Oxley Act passed in the United States of America in 2002?
i. The Act sought to protect investors by improving the accuracy of corporate disclosure and reporting procedures and increasing corporate openness.
ii. The Sarbanes-Oxley Act 2002 was passed in response to the high-profile Enron and WorldCom financial scandals.
iii. The Act provides that all auditors of public companies must register with the Public Company Accounting Oversight Board.
Which THREE of the following statements are correct in relation to the essential elements of a contract?
Which of the following type of committee is NOT required by the UK Combined Code?
Which of the following are situations in which the accountant is permitted to disclose confidential information?
Select ALL that apply.
Section 12 of the Sale of Goods Act 1979 implies a condition into contracts for the sale of goods that the person selling the goods has the right to sell them. Which of the following is correct?
(i) The contracting parties may agree to exclude Section 12 from their contract
(ii) Section 12 applies to both consumer and non-consumer contracts for the sale of goods.
(iii) A breach of Section 12 entitles the purchaser of the goods to cancel the contract.
Which of the following statements is correct?
Which of the following is NOT an advantage of establishing a company by purchasing “off the shelf”?
(i) The company is already registered so that in general business may be commenced more quickly.
(ii) The purchase off the shelf company can be cheaper than registration of a new company.
(iii) The articles of association are tailor-made to the requirements of the purchaser.
Which ONE of the following is not included in the CIMA Code of Ethics list of client issues that could threaten compliance with the fundamental principles?
In which of the following business organisations do the members have limited liability and the ability to keep the constitution private?
Which of the following destroys the original offer and puts another in its place?
The Global Reporting Initiative (GRI) has produced Sustamability Reporting Guidelines, setting out categories and aspects which should be addressed through sustainable reporting.
Place the GRI categories next to the appropriate aspect of sustamability below.
Which of the following terms can be defined as follows?
"How an organization manages its relationships in the wider community"
What, according to CarlyFiorina, CEO of Hewlett Packard, is the spirit of a code of ethics:
The distinction between an employee and an independent contractor is important because only an employee:
i. is given statutory protection in relation to employment rights.
ii. is subject to the deduction of income tax and national insurance under the PAYE system.
iii. can make the employer vicariously liable for his/her torts.
Which of the following statements regarding companies limited by shares and general partnerships is correct?
