Which of the following does a professional accountant NOT have a duty to stay up to date on?

• A.Emerging issues that could affect public interest
• B.Ethical issues relating to his or her work
• C.Who's who in the industry
• D.New legislation

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Which of the following is one of the fundamental principles identified in the CIMA Code of Ethics?

• A.Professional behavior
• B.Professional bias
• C.Professional bearing
• D.Professional belief

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Which of the following most accurately describes obiter dicta?

• A.It is the legal principle used by a court to decide a case.
• B.It is a statement of law made "by the way" which is binding on future courts which are called upon to decide a similar case.
• C.It is the legal principle used by a court to decide a case which is binding upon lower courts called upon to decide a similar case.
• D.It is a statement of law made "by the way" which is not binding on future courts which are called upon to decide a similar case.

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Who is entitled to sue the directors for a breach of statutory duty?

• A.Any shareholder.
• B.The holders of the majority of the company's shares.
• C.The company.
• D.The board.

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Which of the following is NOT one of the 'seven principles of public life', as defined by the Committee of Standards in Public Life?

• A.Integrity
• B.Objectivity
• C.Learning
• D.Leadership

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