CIMA Updated BA4 Exam Questions and Answers by willow-rose

Yes - promotional offers of this sort are unethical and J should throw away all of the vouchers

Yes - the vouchers were given to J on the understanding that he would distribute them to other employees rather than keep them for himself

No - as long as J gives vouchers to other company employees who earn as little as he does

No - the vouchers were given to J, so he can do what he likes with them

The internal audit function can help the audit committee have confidence in the fraud prevention systems within the company

The internal audit function can provide independent assurance of the financial policies applied to the financial statements

The internal audit function can report back to the audit committee if controls are not as effective as they should be

The internal audit function can help the audit committee to discharge their responsibilities for the ongoing monitoring of the risk in the company

(i) only

(ii) only

(i) and (ii) only

(ii) and (iii) only

The company must pass a special resolution to authorize the reduction of capital.

The reduction may affect the company's creditors.

It is necessary for the company's Articles of Association to authorize a reduction of capital.

The directors must make a solvency statement.