Jo is employed as management accountant of a large retailer. Jo has been asked to call a supplier and promise settlement of their account 'next week'. Jo is aware that her employer will definitely not have sufficient funds available to make the payment. If Jo accepts the request, which of the following
'fundamental principles' of CIMA's Code of Ethics will be compromised?

• A.Professional behavior
• B.Integrity
• C.Confidentiality
• D.Objectivity

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Which of the following is NOT a 'financial stakeholder' of an organization?

• A.Employee
• B.Customer
• C.Media
• D.Government

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F knows from preparing the accounts that the company she works for is going to have to make redundancies due to the recession. She also knows that, despite the recession, the Managing Director continues to enjoy lavish perks and even uses a private jet. What should she do?

• A.Do nothing: Professionally, Mrs F is bound to respect the confidentiality of the information she has received
• B.Resign: F cannot carry on working at a company which is so unethical
• C.Go to the press: Mrs F has a duty to report this in the public interest and the interest of the staff who will be made redundant
• D.Leak the information: that way F's conscience will be clear but the information won't be traced back to her

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Which of the following statements is correct in relation to a public company limited by shares?
(i) A public company cannot commence trading until it has received a certificate from the Registrar of Companies confirming that it has satisfied the minimum requirements as to authorized and issued share capital.
(ii) If a public company commences trading without a trading certificate, and fails to meet its obligations, the directors may be held jointly and severally liable for those obligations.
(iii) A public company must have a minimum of one shareholder.

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

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A professional accountant is NOT accountable to:

• A.His or her clients
• B.The public
• C.His or her company's competitors
• D.His or her employer

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