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

alert about this matter first? 
A 
Her professional accountancy body 
B 
The company’s major shareholders 
C 
Her company’s Compliance Officer 
D The 
relevant 
authorities
 (2 
marks)
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P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
30
KA P LA N P UBL I SH IN G 
131 
H is an ACCA member. Last year one of her clients, C, asked her to value a business that he 
wished to purchase. She did so and informed C that the business was competitively priced. 
C subsequently bought the business for its full asking price of several million pounds. This 
year, C has become concerned that the business has been underperforming and has asked 
H to reassess its performance and long-term prospects.
Which type of ethical threat is H facing? 
A Self-interest 
B Self-review 
C Advocacy 
D Intimidation
 (2 
marks)
132 Which of the following are NOT safeguards that the ACCA and other professional bodies 
put in place to attempt to eliminate ethical threats? 
A Ethics 
training 
B 
Internal complaints procedures 
C 
Creation of corporate governance regulations 
D 
Professional monitoring and disciplinary procedures
 (2 
marks) 
133 
Enzo is facing an ethical dilemma. When deciding what his course of action should be, he is 
concerned with making sure that the outcome of his decision will benefit the greatest 
number of people. 
Which approach to ethical decision-making is Enzo following? 
A Egoist 
B Utilitarian 
C Pluralist 
D Individualist