In focusing on improving corporate governance disclosure the skills, experiences and personalities of the board should explain how the board ensures robust decision-making

In focusing on improving corporate governance disclosure the board activities should be linked into key aspects of the corporate performance and strategic development to enable users to evaluate the effectiveness of the board

In focusing on improving corporate governance disclosure the information provided should be standardised to enable shareholders to compare performance with other companies.

In focusing on improving corporate governance disclosure the board should evaluate its own effectiveness by focusing on how its actions have improved profit.

The CSR report reflects GHI ' s significant economic, environmental and social impact

The CSR report includes both positive and negative aspects of GHI ' s performance for the year

The CSR report presents information using visual aids that improve the accessibility and understand ability of the information for stakeholders.

The CSR report is compiled and published only when material developments within GHI policies and achievements become available to warrant the expense of producing a new report

A partnership.

A public limited company.

A private limited company.

Either a private limited company or a public limited company.

(i) and (ii) only

(ii) and (iii) only

(i) and (iii) only

(i), (ii) and (iii)

J is liable for the company ' s debts as he is the sole director of the company which is obliged by law to have at least two directors.

JK Ltd is not liable for its debts as it is a limited company.

J and K are not obliged to contribute anything further towards the debts of the company.

As they each hold 50% of the shares, J and K are each obliged to pay half of the company ' s debts.

Individual shareholders cannot interfere with the board ' s decision.

If the shareholders pass an ordinary resolution requiring the board to proceed against XYZ plc, the board will be obliged to comply with the resolution.

If the shareholders are dissatisfied with the directors they may vote to remove them from office.

If the directors are removed from office, they may be entitled to damages for breach of their service contracts.

The CIMA Code of Ethics is based on the IFAC Code of Ethics

The IFAC Code of Ethics is based on the CIMA Code of Ethics

The CIMA and IFAC codes take a very different approach

The CIMA Code of Ethics is compliance based while the IFAC Code of Ethics is principles based

The separation of the roles of Director and Company Secretary

The appointment of independent non-executive directors to the Board

The establishment of an audit committee

The identification of an independent director as primary shareholder contact

Integrity

Respect

Objectivity

Confidentiality

Equitable remedies are available as of right.

A person who requests an equitable remedy must have acted equitably himself.

A person cannot obtain an equitable remedy if the common law remedy of damages is adequate.

A person seeking an equitable remedy must act within a reasonable time.

Svetlana - Recorded a payment of £530 in the company ' s expenses account rather than its sales account.

Jim - Recorded a payment of £1,000 in both the company ' s expenses account and the sales account.

David - Forgot to record a payment of £50 in the company ' s sales account.

Jean - Recorded a customer payment as £120 when they actually paid £150.

Janet - Recorded the payment made by one customer in another customer ' s account.

A decision by the Supreme Court.

A provision in an Act of Parliament

A Regulation issued by the European Council of Ministers.

A Statutory Instrument.

Directors and shareholders

Directors and the business

Directors and the board

Shareholders and the board

Shareholders and the business

The board and the business

Are entitled to use the IFAC Code of Ethics as an optional approach for their own organization

Must, by law, adhere to the IFAC Code of Ethics

Must prosecute any individual who fails to adhere to any part of the IFAC Code of Ethics

Must not apply less stringent standards than those stated in the IFAC Code of Ethics

Relevance

Faithful representation

Understandability

Verifiability

Comparability

Timeliness