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- May 31, 2019 at 3:52 pm #518085
The recommended approach as you is to go to CIMA first and then external auditors, trade/regulatory body and seek legal advice.
And if all gets nowhere then to dissociate from the situation.So under no circumstance wld an accountant approach the tax authorites or lenders to report a breach? Am I right?
May 31, 2019 at 3:49 pm #518082it has to be an error in the answer key then
May 31, 2019 at 3:48 pm #518081So given it can be mitigated to some extent, it can be avoided then?
May 31, 2019 at 3:47 pm #5180801. The recommendation is for gearing not to exceed 50% this wld refer to D/(D+E)?
and what is the recommended figure for D/E?2. PPPT I shalI use this method 1.75(1.04/1.02)^3/12 = 1.7585 then in the exam.
May 29, 2019 at 1:05 pm #517793Yes seems to me too but the questions asks to pick two and the ans key says 1 & 2 but I do not understand why 3 wld not be considered.
May 29, 2019 at 1:01 pm #517792The questions ask to pick two true answers?
So is 2 and 4 ok?
I dont have the answer key. Its from a quiz I got from a friend with no answers unfortunately.May 29, 2019 at 12:55 pm #517791That helps greatly!
May 13, 2019 at 3:19 pm #515783A follow up question on risk registers:
If I had to pick 3 of the following statements which are TRUE:
1. Monetary value of risks should be allocated if possible
2. Probabilities of risk occurring shld be included
3. The register shld include all the risks to which the co is exposed
4. The register shld include details of who is responsible for dealing with each riskWould you pick 2, 3 & 4 then? But isn’t 1 also true?
May 13, 2019 at 2:19 pm #515777Thanks so much its now very clear!
May 8, 2019 at 3:42 pm #515332However it is the govt of Ctry X who have increase the bank lending rate considerably, I was not sure if this was a trick question.
Isn’t gearing risk the risk associated with high debt levels in relation to equity and not so much to do increases in interest rates? Just wanted more clarity. Thank you.
April 4, 2019 at 10:42 am #511180Just to clarify:
1. Is the Chairman typically part of the Nominations Committee given the Chairman’s leading role in determining the composition and structure of the Board?2. Is the CEO usually part of the Nominations Committee given the CEO’s role in selecting and evaluating Board Members?
3. Is the Audit committee comprised of only NED’s?
Thank you.
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