Tag: Ethical Guidance

Which ONE of the following attributes are identified by Phillipa Foster-Back as being typical of ethical business leaders?

Select ONE answer:

1. Empathy
2. Accountability
3. Honesty
4. Authority

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > Empathy, accountability and authority were not among them. Fair mindedness, Honesty, Ability to listen, Courage + Openness are characteristics of an ethical business leader.
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Bash & Co, a firm of chartered accountants, is currently the subject of the ICAEW disciplinary procedure.

Its senior partner, Kev, has been told by a junior colleague that if the Disciplinary Committee decides a penalty should be imposed on the firm, it has the power to:

1 Fine the firm
2 Exclude the firm from membership of ICAEW
3 Offer an unpublicised caution
4 Take away firm’s practising certificate

Which of these penalties may in fact be imposed on Bash & Co?

Select ONE answer:

1. 1,2 and 3 only
2. 2,3 and 4 only
3. 1,2 and 4 only
4. 1,3 and 4 only

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > Yes Yes No Yes
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Kevin is a management consultant, and he has made the following statements concerning methods of regulating the accountancy profession.

• Statement 1 ICAEW has direct responsibility for dealing with professional misconduct by its members
• Statement 2 ICAEW has direct responsibility for acting as adviser to the government on necessary legislative changes
• Statement 3 ICAEW has direct responsibility for confirming eligibility for the performance of reserved activities under statutory powers delegated by the government

Which of the statements that Kevin made above are true?

Select ONE answer:

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1,2 and 3

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > True False True
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Kath is considering training as an accountant and she has noticed that there are currently several pathways to ICAEW membership, one of which is joining as a member of another CCAB body.

A colleague has made the following two statements about the CCAB to Kath:

Statement 1 The CCAB has five members.

Statement 2 The CCAB provides a forum in which matters affecting the profession can be discussed and co-ordinated, and it enables the profession to speak with a unified voice to government.

Are these statements true or false?

Select ONE answer:

1. Statement 1 – True and Statement 2 – False
2. Statement 1 – False and Statement 2 – True
3. Statement 1 – True and Statement 2 – True
4. Statement 1 – False and Statement 2 – False

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > True and True
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Bash and Co, a firm of chartered accountants, has recently been offered a consent order by ICAEW’s Investigation Committee.

This means that?

Select ONE answer:

1. The firm could be excluded from membership of ICAEW
2. The firm’s practising certificate could be suspended
3. There is a case to answer but it is not so serious as to warrant either exclusion from membership of ICAEW or suspension of the firm’s practising certificate
4. There would be less publicity than under an order issued by the Disciplinary Committee

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > A consent order is offered when there is a case to answer but the case is not so serious as to involve options (1) or (2). Any publicity under a consent order would be the same as under a Disciplinary Committee order.
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.