1.Which of the following is not a principle of ethical leadership and corporate citizenship?

A. The board should provide effective leadership based on ethical foundations.

B. The board should ensure that the company is, and is seen to be, a responsible corporate citizen.

C. The board should ensure the company is efficiently and effectively managed to maximise shareholders wealth.

D. The board should ensure that the companys ethics are managed effectively.

2.In South Africa, good corporate governance depends on

A. the board and managements understanding of King IV and COSO.

B. the board and managements understanding of the organisations pursuance of objectives that are in the interest of the company and its stakeholders.

C. managements commitment to comply with Acts and regulations such as the Companies Act, the Public Finance Management Act and Treasury Regulations.

D. the audit committees understanding of its responsibility regarding the organisations performance.

3.Which one of the following may not be appointed as an auditor of a company (provided they are suitably qualified and registered)?

A. A body corporate (juristic person).

B. The son of the companys production director.

C. A person who was formerly an employee of the company in a senior position, but who left the company six years ago to return to the auditing profession.

D. A person who was formerly an employee of the company in a senior position, but who left the company ten years ago to return to the auditing profession.

4.With reference to the King IV Report, effective leadership is about

A. achieving strategic objectives and positive outcomes

B. the process that companies follow to manufacture and sell products.

C. compliance with government and industry regulations.

D. the process followed to direct and control companies.

5. Which one of the following persons may be appointed as a director?

A. A body corporate (juristic person).

B. A rehabilitated insolvent.

C. A person who has been convicted of fraud in England and imprisoned for two years without the option of a fine, but who completed his sentence a year ago.

D. None of the options.