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QUESTION:1 ALAN IS AN AUDITOR WHO HAS DISCOVERED A SUSPECTED SERIOUS FRAUDAT A CLIENT BUSINESS TO WHICH TWO OF THE FOLLOWING SHOULD ALAN REPORT THIS FRAUD?A.SHARE HOLDERB.THE POLICEC.THE AUDIT COMMITTEED.THE MANAGEMENT QUESTION:2 BOGDAN HAS JUST COMPLETED AN EVALUATION OF THE CURRENT TRAININGAND DEVELOPMENT NEEDS OF EACH MEMBER OF HIS DEPARTEMENT AND HASAGREED WITH THEM INDIVIDUAL objectives aimed at meeting these needs overthe next six months.Which type of evaluation has Bogdan just completed?A.PERSON SPECIFICATIONB.PERSONAL COUNSELLINGC.JOB ANALYSISD.PERFORMANCE APPRAISAL F O R M O R E F R E E A C C A R E S O U R C E S V I S I T : k e t u c a . w WWW.ACUTEACCA.TK

QUESTION:3 The management accountant is discussing the potential impact of a deep price cuton the highest selling product of the company.Which other department would to be consulted about this discussion?1.PURCHASING2.PRODUCTION3.SALESA.1 AND 3 ONLYB.1,2 AND 3C.1 AND 2 ONLYD.2 AND 3 ONLY QUESTION:4 WHICH TWO OF THE FOLLOWING ACTIVITIES SHOULD BE CARRIED OUT BY AMENTOR?A. Helping to draw out personal development planB. Guiding a learner through a work experience planC. Managing and controlling a new employeeD. Providing quality controls for new workers F O R M O R E F R E E A C C A R E S O U R C E S V I S I T : k e t u c a . w

Question:5 Which of the following are financial accounting tasks?1. Classifying2. summarising3. communicatingA. 2 and 3 onlyB. 1 and 2 onlyC. 1 and 3 only D. 1,2 and 3 Question:6 Banks obtain a major source of funds from individuals opening up bank accounts.Under present international regulation, when a company suspects that it hasencountered a transaction which involves money laundering, which choice ofaction is it required to undertake?Inform the external auditor T/FInform the appropriate regulatory authorities T/F F O R M O R E F R E E A C C A R E S O U R C E S V I S I T : k e t u c a . w

Question: 7 In relation to non-executive directors, which two of the following arerecommendations of best practices in effective corporate governance?A. Their term of office should bee open endedB. They should contribute to strategy and take part in board decisionsC. They should be rewarded using option schemesD. They should not take part in day to day running of the company Question:8 Hadronix co. Designs and makes security equipment. Eric is the head of theresearch and development department. Dev is a consultant working for a companythat advises Hadronix on advanced technology for detecting hazardous gases.Kendo is an account manager for an advertising agency which promotes Hadronixproducts. Asri leads a group who have become shareholders in Hadronix in orderto influence the companys ethical policy.Which of the following people have/has an external stakeholder role in HadronixCo?A. Dev and KendoB. AsriC. Kendo onlyD. Eric and Dev F O R M O R E F R E E A C C A R E S O U R C E S V I S I T :

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Tyrad Co has recently been formed. Its owner are uncertain as to who is legallyresponsible for maintaining proper records and safeguarding the assets of thecompanyWhich of the following has these legal responsibilities?A. The external auditorsB. The board of directorsC. The finance directorD. The internal auditors Question:10 Which of the following are recognized as he features of group norm?A. They formally define job rolesB. They always reinforce formal structuresC. They define acceptable behavioursD. They are always explicitly defined