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

P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
90
KA P LA N P UBL I SH IN G 
(b) 
Below are a number of statements regarding culture. 
A 
Culture is usually defined by the organisation’s first leaders 
B 
Culture is ‘the way we do things round here’ 
C 
Basic assumptions and values are unseen and difficult to identify 
D 
Espoused values are the aspects of culture that are easy to identify 
E 
Norms guide people’s behaviour within the organisation 
F 
An example of ‘artefacts’ could be corporate dress codes 
G 
Schein examined differences between cultures in different countries 
H 
Espoused values could include the organisation’s stated goals 
Required: 
Write down which four of the above statements are consistent with Edgar Schein’s 
cultural analysis by selecting FOUR of the letters from A-H. 
 
 
(0.5 marks each, total = 2 marks) 
(Total: 4 marks) 
16
 
(a) 
C Co has a number of key committees, as recommended by relevant codes of 
corporate governance.
A True 
B False 
Required: 
Identify which of the statements below are true or false, by writing A (true) or B 
(false). 
(i) 
Audit committees are responsible for reviewing accounting policies and 
ensuring they are appropriate. 
(ii) 
Remuneration committees should be made up of two or more non-executive 
directors if the company is small. 
(iii) The nominations committee helps the company to select which of the 
nominated audit firms should be selected by the company. 
(iv) 
Both internal and external auditors report to the audit committee.