Acca paper F1 fia diploma in Accounting and Business Accountant in Business (AB/fab) exam kit

Required: 
Write down which four of the above statements are correct by selecting FOUR of 
the letters from A-G
. 
(0.5 marks each, total = 2 marks) 
(b) 
L has also been made aware of a number of committees that they will be expected to 
form if they seek a listing: 
A Remuneration 
B Audit 
C Nomination 
D Public 
oversight 
The following sentences are extracts from this report, but they have gaps where the 
name of the relevant committee has been omitted. 
‘The _1_ committee is responsible for ensuring that there is an appropriate mix of 
skills and experience on the board, as well as making sure there are sufficient non-
executive directors.’ 
Required:
(i) 
Select the term that appropriately fills gap 1 above; i.e. select A, B, C or D. 
 
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P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
92
KA P LA N P UBL I SH IN G 
‘Wholly staffed by non-executive directors, the _2_ committee reviews systems of 
internal control as well as reviewing the accounting policies of the company.’ 
Required: 
(ii) 
Select the term that appropriately fills gap 2 above; i.e. select A, B, C or D. 
 
 
(1 mark each = 2 marks in total) 
(Total: 4 marks) 
ACCOUNTING AND REPORTING SYSTEMS, CONTROLS AND 
COMPLIANCE 
18
 
(a) 
PPR is a supermarket which is developing a new information system for its managers. 
PPR’s managers are unsure of whether the new system is:
A Strategic
 
B Operational