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| Section | Weight | Objectives |
|---|---|---|
| Business Ethics and Ethical Conflict | 30% | - Professional ethics principles - Ethical dilemmas and resolution - Nature and importance of ethics |
| Company Administration | 10% | - Types of business organisation - Administration and management of companies |
| General Principles of the Legal System, Contract and Employment Law | 15% | - Employment law essentials - Contract law basics - Legal system fundamentals |
| Corporate Governance, Controls and Corporate Social Responsibility | 45% | - Role of board and directors - Internal controls and audit - Principles of corporate governance - Corporate social responsibility (CSR) |
Which of the following is CORRECT in relation to a Limited Liability Partnership ("LLP")?
(i) An LLP is formed by registration with the Registrar of Companies
(ii) Unlike the articles of a company the internal rules of an LLP are not available for public inspection (iii) An LLP is liable to pay corporation tax on its profits
Correct Answer: C 🗳️
Which of the following are situations in which the accountant is permitted to disclose confidential information?
Select ALL that apply.
Correct Answer: B,D 🗳️
In relation to the law of misrepresentation, which of the following statements is incorrect?
Correct Answer: C 🗳️
Which of the following is the responsibility of the Chairman, according to the UK Corporate Governance Code?
Correct Answer: D 🗳️
Who should check that a company's financial statements provide a true and fair view of its financial performance?
Correct Answer: A 🗳️
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