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Free BA4 Exam Braindumps (page: 52)

Page 51 of 126
PDF with 661 Questions

If a professional accountant believes that he or she will not be able to comply with all the legal frameworks, regulations and standards for business in a particular circumstance, what does he or she have a duty to do? Please select TWO of the following:

  1. Obey the law
  2. Disregard conflicting standards
  3. Act in the interests of his or her employer
  4. Raise his or her concerns by speaking up

Answer(s): A,D



Which ONE of the following statements is correct?

  1. Just because everyone bends the rules in practice does not mean they should do so
  2. Everyone bends the rules so it is good practice to do so for the benefit of clients
  3. Just because there are rules does not mean they should be adhered to by everyone
  4. Bending the rules is not the same as breaking them

Answer(s): A



Which of the following is INCORRECT in relation to the company secretary?

  1. All companies must have a company secretary
  2. The company secretary of a public company must be appropriately qualified
  3. The company secretary is the chief administrative officer of the company
  4. The company secretary may bind the company in contract if she/he has actual or ostensible authority

Answer(s): A



On 1st May Wye Ltd wrote to Zed Ltd offering to sell a machine for £20,000, and allowing Zed Ltd 7 days to consider the offer.

Which of the following statements is incorrect?

  1. Wye Ltd can withdraw the offer at any time before Zed Ltd has accepted.
  2. Wye Ltd is contractually obliged to keep the offer to Zed Ltd open for 7 days.
  3. If Zed Ltd accepts the offer by post on 4th of May, then there is a contract from 4th May.
  4. If Wye Ltd posts a revocation of the offer on 2nd of May which is received by Zed Ltd on 3rd May then the offer is withdrawn with effect from the 3rd May.

Answer(s): B






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