In the context of fraud detection and prevention, who may conduct a thorough review of systems and controls during a surprise visit?

• Internal audit staff

• Senior management

• External audit staff

Which of the following can be considered as a distinguishing mark of the accountancy professional?

• The accountant 's responsibility to satisfy the needs of their individual employers

• Its acceptance of its responsibility to unhold the law

• The accountant's responsibility to satisfy the needs of their individual clients

• Its acceptance of its responsibility to act in the public interest

Which two of the following are characteristic of a relativist approach to ethics?

1.Ethics are linked to cultural beliefs

 

2.There is a set of moral rules which are always right

 

3.what is right in one situation may not be right in another

• 2 & 1

• 2 & 3

• 3 & 1

According to the IESBA (IFAC) code of ethics, professional accountants are obliged to comply with relevant laws and regulations

Which fundamental principle provides this guidance?

• Objectivity

• Integrity

• Professional behavior

Which two of the following are most likely to raise ethical problems or concerns for a company?

1.A human rights group has recently exposed that one of the company's main suppliers is using child labour and is paying it's staff very low wages

2.Recent customer surveys have voted the company's product as the worst value for money among its competitors

3.The health and safety inspector feels that the fire exits from its factory are very poorly identified and could make the factory unsafe in the event of a fire

4. 4. It promotes diversity and equal opportunities amongst its workforce

• 4 & 1

• 4 & 2

• 3 & 1

• 2 & 3

The meaning of a message can be lost at the coding and decoding stages.

What is the name given to this process?

• Feedback

• Distortion

• Noise

Country X has no legislation on diversity in employment but enforces highly effective equal pay laws. JKL Co has a recruitment and selection policy that explicitly commits the company to diversity in employment. PQR Co has no policy in this respect and is not committed to diversity in employment.

Are each of the following statements true or false?

1. 1. Assuming that there is perfect knowledge of job opportunities and no barriers to movement of the workforce PQR Co will pay lower wages and salaries than JKL Co

   2. 2. PQR Co is exposed to greater risk of skills shortages than JKL Co

• Both are False

• Both are True

• False & True

• True & False

The evaluation and testing of internal controls within an organisation is referred to as which of the following?

• Operational audit

• Systems audit

• Management audit

• Transactions audit

Olivia attended a job interview where she was asked if she planned to have children in the next five years.

What type of discrimination is being shown here?

• Victimisation

• Indirect discrimination

• Direct discrimination

Alex, Betty, Charles, Denise and Edwin are colleagues in the same team. Their team leader has sent an email to each of them attaching an agenda for a forthcoming meeting which the whole team is required to attend in order to review monthly performance.

This is an example of which type of communication pattern?

• Wheel

• Circle

• Chain

• Y