- Exam Code: BA4
- Exam Name: Fundamentals of Ethics - Corporate Governance and Business Law
- Updated: Sep 14, 2026
- Q & A: 660 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Corporate Governance, Controls and Corporate Social Responsibility | 45% | - External audit and assurance - Corporate social responsibility and sustainability - Principles and frameworks of corporate governance - Roles and responsibilities of directors and officers - Internal control and risk management |
| Company Administration | 10% | - Types of business organizations - Corporate insolvency and administration - Formation and constitution of companies - Company financing and capital |
| General Principles of the Legal System, Contract and Employment Law | 15% | - Employment law, rights and obligations - Essential elements of a valid contract - Terms, breach and remedies of contract - Structure and sources of law |
| Business Ethics and Ethical Conflict | 30% | - CIMA Code of Ethics and professional values - Identification and resolution of ethical dilemmas - Concepts of ethics and business ethics - Ethics vs law and regulation |
Which of the following might a company experience if they were to implement internal control measures?
Select ALL that apply.
M's client has asked her to 'leave out' a few figures as he is applying for a bank loan and he wants his management accounts to, in his words, 'look better'. If M does as he asks, he promises to pay her double her fee when the loan money comes through. M is tempted by his offer, her mother has been ill and she would love to take her away on holiday. What should she do?
Which of the following CANNOT be carried out by a simple contract?
DGH is a company operating in the oil and gas industry, which is heavily regulated. The government is considering introducing a new law which is likely to result in a dramatic cut in profitability for DGH.
Which of the following is NOT a legitimate method for DGH to influence government policy in its own best interests?
Matty dreams of owning his own business but can't be bothered to follow the steps involved in setting one up.
What should he do?
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