Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer the questions: Q4B (0) Binta is a professional accountant who works in public practice and who is keen to build up business to

please answer the questions:image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Q4B (0) Binta is a professional accountant who works in public practice and who is keen to build up business to improve her promotion prospects During recent negotiations with a new client, she quoted a fee lower than would normally be deemed appropriate for the work to be undertaken. The fee quoted was so low that it will be difficult to perform the engagement in accordance with applicable standards and proficiency for that price. Which ONE of the following fundamental principles is involved? O Integrity Professional behaviour O Professional competence and due care O Objectivity NEXT Activa ch o 28C Clear (hp) Q The health and safety in workplace practices of a particular country requires that before an employee is allowed to work from home, the employer must be satisfied about the safety of the employee's home workplace. This usually involves the employee certifying that the work area at home meets the requirements of a safe working environment, such as having fire exits, safe equipment and appropriate furniture. TF human resources department can either take the written undertaking given by the employee as proof of compliance with the law or it can actually check the conditions by visiting the home of the employee concerned. Which TWO of the following situations would be considered as violations of best practice? A salesman spends most of the time travelling, but on the few days when he is not travelling he works from home. This is known to his line manager, but as he is at home so infrequently no assessment of the salesman's working environment at home was considered necessary by the company An employee of a firm sends an email to his line manager that she would be working from home on each and every Wednesday, but would be in the office on all other days. The line manager replies to the email saying." Thanks for formally notifying me of this fact and it will be okay. An employee of a large audit firm makes a request to his line manager to allow him to work from home for a few days during coming months, as his wife was at an advanced stage of pregnancy. The line manager only agreed on condition that the official approval of the human resources department was obtained NEXT 28C Clear 0 e e to search Q2B Which of the following statements describes a situation which can be classified as theft? O The payroll officer of a large public limited company created some fictitious employee identities and programmed the automatic payment system to pay salaries into their bank accounts which were controlled by him. An accountant working for a partnership firm is based in a branch office where she is the only employee. She remained absent from the branch office on one day and decided to work from home without informing her line manager. An employee working in an electric appliance store put the charger of an expensive mobile phone into his personal bag by mistake when he left the shop, realising the mistake only after reaching home. An employee who receives hourly wages has just received his payslip and found that he has been paid for five hours more than he had actually worked during the week. NEXT earch o 0 28C Clear Call 1: Freddie's manager, Wendy, calls regarding a particular sales invoice issued that morning. She asks Freddie to delay processing the invoice until tomorrow, so that it will appear on the next quarter's sales tax return rather than this quarter's return, delaying the payment of sales tax. Freddie pointed out that this would be wrong, but Wendy told him to do as he was told, reminding him that his appraisal interview was just a week away. Call 2: Ahmed, a friend of Freddie who works for DEF Co (one of ABC Co's main suppliers) calls regarding a forthcoming contract which has been put out to tender. He wants to know what bids have been received so far, in order that DEF Co can submit its bid at an appropriate level Call 3: Malena, a colleague who works in distribution, calls for advice regarding her tax return, knowing that Freddie has studied income tax, Freddie did, indeed, study basic aspects of income tax two years ago, but has not updated his knowledge since then. call, what is the nature of the threat to the fundamental principles of professional ethics? Advocacy Familiarity Self-review Intimidation Call 1 Call 2 Call 3 NEXT 29C Clear 03 search hop Q7B Match different the tasks listed in Column A with the most appropriate medium of communication in Column B. The Production Director wants to circulate quarterly detailed production figures to all factory supervisors in advance of the next departmental budaetarve A manager is required to ensure that a commercially sensitive and confidential and formal paper based tender submission is delivered to a potential A line manager has asked one of his staff to go through a technical report he has written about a proiect and to prenare a short presentation After A line manager is working at home and has asked a team member at the office to urgently send him a. sample of a colleague's handwriting from the office He needs to compare it with an anonymous letter containing inappropriate language which he suspects is from a team member whom he has recently warned for unprofessional behaviour. The manager has indicated that some hand-written notes by this person are in the top drawer of his desk Telephone call Email spreadsheet attachment Secure courier service Fax NEXT 29C Clear 02 here to search Q4B (iii) Ella works as a professional accountant at a small accounting practice. One morning she received a telephone call from the managing director of a construction company, asking if she could audit the company's financial statements. As Ella knew that her employer was alrea at full capacity taking on other new business, she accepted the new client relationship as a private personal assignment, without telling her employer. However, she overlooked the need to determine whether accepting the assignment would create any threats to compliance with the fundamental principles. Which TWO of the following fundamental principles is involved? Professional behaviour Objectivity Integrity Professional competence and due care NEXT LIV 28C Clear OS O E search Q4B (iii) Ella works as a professional accountant at a small accounting practice. One morning she received a telephone call from the managing director of a construction company, asking if she could audit the company's financial statements. As Ella knew that her employer was alrea at full capacity taking on other new business, she accepted the new client relationship as a private personal assignment, without telling her employer. However, she overlooked the need to determine whether accepting the assignment would create any threats to compliance with the fundamental principles. Which TWO of the following fundamental principles is involved? Professional behaviour Objectivity Integrity Professional competence and due care NEXT LIV 28C Clear OS O E search Q The health and safety in workplace practices of a particular country requires that before an employee is allowed to work from home, the employer must be satisfied about the safety of the employee's home workplace. This usually involves the employee certifying that the work area at home meets the requirements of a safe working environment, such as having fire exits, safe equipment and appropriate furniture. TH human resources department can either take the written undertaking given by the employee as proof of compliance with the law or it can actually check the conditions by visiting the home of the employee concerned. Which TWO of the following situations would be considered as violations of best practice? A salesman spends most of the time travelling, but on the few days when he is not travelling he works from home. This is known to his line manager, but as he is at home so infrequently no assessment of the salesman's working environment at home was considered necessary by the company An employee of a firm sends an email to his line manager that she would be working from home on each and every Wednesday, but would be in the office on all other days. The line manager replies to the email saying. Thanks for formally notifying me of this fact and it will be okay An employee of a large audit firm makes a request to his line manager to allow him to work from home for a few days during coming months, as his wife was at an advanced stage of pregnancy. The line manager only agreed on condition that the official approval of the human resources department was obtained NEXT 28C Clear O to search 6B b) You are a team leader. Your manager wants your staff to gain competence in using a newly developed computerised accounting package. Most of your staff are virtual workers who operate from various geographical locations. You are personally familiar with the software and know how to use it. You have the choice of several ways to communicate this information. The task is to do it in the most economical and effective way. Below are choices given to you to achieve this. Drag and drop the options below to rank them according to suitability, where 1 is most suitable and 5 is least suitable: Answers: A. Send an email attaching detailed instructions on how to use the software D. Host a virtual internet meeting using the software online to facilitate hands-on use of the accounting software, under specialist instruction from a supplier consultant E. Register all your staff on a formal taught course to be delivered on location at a centrally located college C. Hold a face-to-face instructional workshop at head office where all the stafi can use the software under your supervision Date B. Use the suppliers' consultants at their own cost, to give personal on the job training at employees' work places arch o e 0 % 29C Clear hp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

JCB Ltd JCB Ltd

Answered: 1 week ago