Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?

A company wants to let its employees know that fraud will not be tolerated. It also wants to inform them of the consequences of committing fraud.

Which of the following would best achieve this?

A manufacturing company has a policy of only buying raw materials which are produced within a 100 kilometer radius of its factory. This is an example of what aspect of CSR?

The Articles of Association of Dee Ltd state that the company has power to borrow money and that the directors have authority to borrow up to £200,000 on behalf of the company. The board has resolved to purchase a piece of land for £300,000.  The Midwest Bank plc has agreed to make a loan of £250,000 to Dee Ltd to acquire the land. Which of the following statements is correct?

M ' s client has asked her to ' leave out ' a few figures as he is applying for a bank loan and he wants his management accounts to, in his words, ' look better ' .  If M does as he asks, he promises to pay her double her fee when the loan money comes through. M is tempted by his offer, her mother has been ill and she would love to take her away on holiday. What should she do?

Which of the following statements is INCORRECT? 

i. A contract is a voluntary agreement whereas obligations in the tort of negligence are imposed by the state.

ii. Damages are only available for breach of contract and breach of the tort of negligence if damage, injury or loss has been suffered by the claimant.

iii. A contract breaker is liable whether or not he is at fault whereas to be liable in the tort of negligence the defendant must have been at fault.

An independent audit is important to readers of financial statements because it

Which of the following is NOT one of the ' seven principles of public life ' , as defined by the Committee of Standards in Public Life?

Which of the following statements is correct?

(i) The written statement of particulars of employment is the contract of employment and every employee with one month ' s service is entitled to receive a copy.

(ii) The written statement of particulars of employment is not the contract of employment.

(iii) The written statement of particulars of employment may be the best evidence of the terms of the contract and every employee with one month ' s service is entitled to receive a copy. 

Which ONE of the following is NOT an essential element of the tort of negligence?

Which of the following is CORRECT?

(i) A company limited by shares is a legal person separate and distinct from those who own and manage the company

(ii) If the company structure is used as a mere façade for fraudulent purposes the company but not the directors or shareholders can be held liable

(iii) If the company has carried on business despite the fact that insolvency appeared inevitable the directors may be personally liable for the debts contracted.

Which of the following accountants have breached CIMA ' s ethical principle of professional behaviour: Select ALL that apply.

What is an essential quality for a professional accountant?

Andrea is completing an audit on the finance department for a medium-sized company. In her report she makes note of the fact that her audit was severely limited due to her being unable to access many of the

department ' s documents.

Because of this and a number of other things she ' s discovered whilst conducting her audit, she thinks fraudulent activity might have been taking place within the department.

However, Andrea knows that it is not the business of auditors to seek out fraud.

What should she do?

One of the fellow accountants in your office thinks that she is intellectually superior to the rest of you. This has made her complacent and she refuses to attend training courses or ongoing professional development. As a result, she may be failing to adhere to the CIMA Code of Ethics fundamental principle of: