QUESTION: 25

Which of the following is an example of a safeguard created by the profession, legislation or regulation as opposed to a safeguard in the work environment?

Leadership of the organization which stresses the importance of compliance with the fundamental principles
Leadership of the organization which establishes the expectation that members of an assurance team will act in the public interest
Professional standards
An organization having documented internal policies and procedures requiring compliance with the fundamental principles

Answer(s): C

Reveal Solution Next Question

QUESTION: 26

According to the UK Corporate Governance Code, who is responsible for setting the company's values and standards?

The Chairman
The Board
The Managing Director
The shareholders

Answer(s): B

Reveal Solution Next Question

QUESTION: 27

In relation to the law of misrepresentation, which of the following is correct?

The innocent party is entitled to claim damages under the tort of negligence for all types of misrepresentation.
A person is not entitled to rescind a contract which was induced by an innocent misrepresentation.
A person is only entitled to a remedy under the Misrepresentation Act where the person who made the misrepresentation is a party to the contract.
The Misrepresentation Act may be used to obtain damages for fraudulent misrepresentation.

Answer(s): C

Reveal Solution Next Question

QUESTION: 28

Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?

Where the directors have the intention of defrauding creditors.
Where directors knew or ought to have known that insolvency was inevitable.
Whenever a company becomes insolvent.
Whenever a company's liabilities exceed its assets.

Answer(s): B

Reveal Solution Next Question

Free BA4 Exam Braindumps (page: 7)

QUESTION: 25

QUESTION: 26

QUESTION: 27

QUESTION: 28