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CIMA BA4 Exam
BA4 - Fundamentals of Ethics, Corporate Governance and Business Law (Page 15 )

Updated On: 9-Feb-2026
Page 15 of 102
PDF with 661 Questions

Which of the following requires the approval of a simple majority of all the company's shareholders who are entitled to vote?

  1. A written special resolution
  2. A special resolution
  3. A written ordinary resolution
  4. An ordinary resolution

Answer(s): C



Miss B is working closely with Mr L to deliver an important report on the efficiency of Mr L's department. They have had to work late together several times, and last night they went out to dinner afterwards. Miss B is starting to think she may have feelings for Mr L. Could her independence be called into question?

  1. Yes, her feelings could be influencing her independence of mind
  2. No, she is not actually dating Mr L so her independence of appearance is not compromised
  3. No, provided she does not act on her feelings and continues to be professional
  4. Yes, having dinner with a work colleague can affect her independence of appearance

Answer(s): A



Advocacy threats to compliance with fundamental principles are described as threats that may occur.

  1. as a result of the financial or other interests of a professional accountant or of an immediate or close family member
  2. when a previous judgment needs to be re-evaluated by the professional accountant responsible for that judgment
  3. when a professional accountant promotes a position or opinion to the point that subsequent objectivity may be compromised
  4. when, because of a close relationship, a professional accountant becomes too sympathetic to the interests of others

Answer(s): C



Which of the following is incorrect?

  1. Subject to the company's Articles of Association, shareholder approval is not required to enable the company to borrow money.
  2. Subject to the company's Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for a non-cash consideration.
  3. A company's Articles cannot provide that the Articles are unalterable.
  4. The Articles of Association may be altered by special resolution.

Answer(s): B



You are concerned that your boss may have been putting together misleading financial statements for some time. As a well known and well respected accountant, you are concerned that your boss might bring the profession into disrepute. Which TWO of the CIMA Code of Ethics fundamental principles does this affect?

  1. Objectivity and impartiality
  2. Integrity and reliability
  3. Professional behavior and integrity
  4. Objectivity and professional competence and due care

Answer(s): C






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