BTF 2 - Chapter 10

BTF 2 - Chapter 10

University

10 Qs

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BTF 2 - Chapter 10

BTF 2 - Chapter 10

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University

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following organizations is the international global organization for the accountancy profession:

IFAC

ICAEW

CFA

CFAB

2.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following is an aim of regulation of the accountancy profession?

To protect the profession from competition

To protect ICAEW members from unqualified accountants

To protect the public from being misled

To protect small accountancy firms from big ones

3.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

In which of the following areas does the Financial Reporting Council’s (FRC’s) Conduct Committee have statutory powers?

Audit

Accountancy

Marketing

Operating

4.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following set of rules issued by the Financial Conduct Authority (FCA) for all companies whose securities are listed on public exchanges in the UK: 

Prospectus Rules

Controlling Rules

Listing Rules

Disclosure and Transparency Rules

5.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following set of rules issued by the Financial Conduct Authority (FCA) with which companies must comply when issuing new securities:

Prospectus Rules

Controlling Rules

Listing Rules

Disclosure and Transparency Rules

6.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

The body responsible for ensuring that self-regulation of the accountancy profession in the UK is effective is the:

The Financial Reporting Review Panel (FRRP)

The Professional Discipline team

The Professional Oversight team

The Codes and Standards Committee

7.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following teams is responsible for developing ethical standards for auditors?

The Financial Reporting Review Panel (FRRP)

The Professional Discipline team

The Professional Oversight team

The Audit and Assurance Council

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