Which of the following is CORRECT in relation to an alteration of a company's articles of association?
(i) A copy of the resolution and the amended articles must be filed with the Registrar of Companies within 15 days of the date of the resolution.
(ii) The articles of association may be amended by an ordinary resolution with special notice.
(iii) An alteration of the articles cannot discriminate between the majority and minority shareholders.

• A.(i) and (ii) only
• B.(i) and (iii) only
• C.(ii) only
• D.(i) only

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An internal auditor discovered evidence of a fraud earned out by an employee who worked in the accounting department. The auditor concluded that the fraud had been possible because of unsatisfactory segregation of duties in the department.
Poor segregation between which of the following duties would provide the best opportunity for this type of fraud to occur?

• A.Issuing sates invoices, and recording payments to suppliers in the ledger.
• B.Receiving purchase invoices, and banking payments from customers.
• C.Receiving payments from customers, and recording them in the ledger
• D.Issuing both sales invoices and purchase invoices.

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Which of the following is correct in relation to the UK Corporate Governance Code?
(i) The Code gives rise to a disclosure requirement
(ii) Breach of the Code gives rise to criminal penalties
(iii) Breach of the Code gives rise to civil liability

• A.(i) only
• B.(i) and (ii) only
• C.(iii) only
• D.(ii) and (iii) only

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Which of the following are guilty of skimming? Select ALL that apply.

• A.Simon - An owner of a medium-sized business who sometimes understates his company's profits by a small amount in order to pay less tax.
• B.Gina - A senior manager at an investment firm who often redirects company funds to a fake account that she's created.
• C.Phil - An owner of a large business who often understates his company's profits by huge amounts in order to pay significantly less tax.
• D.Barry - An accountant for a large law firm who sometimes redirects incoming company funds to his own private account.

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What is the legal meaning of the word "simple" in the expression "valid simple contract"?

• A.The contract has no implied term
• B.The contract does not have to be in any particular form
• C.The consideration for the contract is less than £5,000
• D.There are 5 or fewer parties to the contract

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