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CIMA BA4 Exam
BA4 - Fundamentals of Ethics, Corporate Governance and Business Law (Page 27 )

Updated On: 26-Jan-2026
Page 20 of 102
PDF with 661 Questions

In the UK the body responsible for establishing ethical standards relating to the independence, objectivity and integrity of those providing assurance services is:

  1. The Professional Oversight Board for Accountancy
  2. The International Federation of Accountants
  3. The Financial Reporting Council
  4. The Auditing Practices Board

Answer(s): D



What is the rule in Foss v Harbottle (1843)?

  1. Where a wrong has been done to the company it is the company which should sue.
  2. Where a wrong has been done to the company it is the directors who should sue.
  3. Where a wrong has been done to the shareholders it is the company which should sue.
  4. Where a wrong has been done to the directors it is the company which should sue.

Answer(s): A



Which of the following would be regarded as an issue of shares for an improper purpose?

(i) An issue of shares to enable the directors to maintain control of the board.

(ii) An issue of shares to prevent a take-over bid.

(iii) An issue of shares in return for a non-cash consideration.

  1. (i) and (ii) only
  2. (i) only
  3. (ii) and (iii) only
  4. (ii) only

Answer(s): A



All policies for governance and social responsibility are ultimately rooted in an organization's:

  1. Values and code of ethics
  2. The Board
  3. Stakeholder relationships
  4. The Government

Answer(s): A



Which of the following statements is correct?

(i) The Articles of Association of a private company limited by shares may be altered by special resolution.

(ii) The Articles of Association of a private company limited by shares may be altered by a written resolution.

(iii) The Articles of Association of a private company limited by shares may be altered by an ordinary resolution.

  1. (i) only
  2. (ii) only
  3. (i) and (ii) only
  4. (ii) and (iii) only

Answer(s): C



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