The directors' deliberations must be balanced by taking into account everyone who has a legitimate interest in the company

and respecting their rights and views.

This statement describes which concept

Fairness

Openness

Probity

Of the three main sources of rules that regulate the behaviour of businesses, the minimum level of acceptable behaviour is set by which

Non-legal rules and regulations

Ethics

The law

Society

Which of the following would not represent anethical objective in relation to employmentpractices

Guarantee of minimum wages

Proactive health, safety and welfarepromotion

Promotion of workforce diversity

Employability training

You have been asked to work on a major investment decision that your company will be making, and discover that your

brother-in-law is the managing director of a firm that may benefit from the outcome of the decision. You have no intention of

allowing this to influence the advice you give your firm, and you know that your brother-in-law will not try to influence you in

any way

What professional quality would make you consider handing this task to a colleague, or otherwise raising questions with your

superiors

Scepticism

Accountability

Independence of mind

Independence in appearance

Reliability, responsibility,, courtesy and respect are the personal qualities

expected of an accountant.

Which of the followingwords correctly complete this statement

Accountability

Social responsibility

Timeliness

Ambition

Holders of public office should not place themselves under any financial or other obligation to outside individuals or

organisations that might influence them in the performance of their official duties.

This statement refers to which concept

Independence

Reputation

Integrity

Which one of the following is not part of a corporate code of ethics

Professional ethics

Organisational culture

Organisational self-interest

Abner is the lead partner on the audit of DEF Inc. The client often gives Abner corporate hospitality at major sporting events

and small gifts, such as a bottle of spirits, on his birthday.Which threat does this represent

Self-interest

Self-review

Advocacy

Intimidation

XYZ carries out the audit of Delta Products Inc. Delta Products Inc is in financial trouble and XYZ has had to qualify the audit

report for the past two years. The managing director of Delta blames the qualified audit reports for her firm's continuing

problems. She is threatening to sue XYZ for poor work if they qualify the audit report for this year.

What threat does this represent

Familiarity

Intimidation

Self-interest

Self-review

Which of the following is not a conflict of interest

AnACCA memberisin direct competition with a client on a contract

AnACCA memberismarried to a director of the client

AnACCA memberisan officer of the client company but does not deal

AnACCA memberispart of a joint venture with a competitor of the client