CIMA CIMAPRA19-P03-1 問題集

質問 1：
A publicly funded hospital has put various features in place in an attempt to improve strategic control and create an improved control environment.
Which TWO of the following features are most likely to meet this objective?
A. Ensuring that the Head of Internal Audit examines and authorises all expense claims by hospital staff.
B. An Audit Committee consisting of five independent persons with expertise in finance, human resources, and medicine.
C. The setting up of a Risk Management Committee to examine the strategic risks applicable to the entity and to formally report on a quarterly basis.
D. Ensuring that all medical staff are aware that their first priority should be to discharge patients as quickly as possible at all times so as to minimise wasting hospital resources.
E. A strict policy of capping the maximum salary payable to any employee at 110% of the average earned by that category of employee in the country in which the hospital is located.
正解：B,C

質問 2：
R is a company running gas-fired power stations in Western Europe. The Risk Committee has just received a report that a power station built to the same design and specification in a developing country has recently collapsed. The causes of the collapse are unclear, but if something similiar were to happen in Europe the consequences for R could be catastrophic.
Which of the following actions being considered by the Risk Committee are ethical?
A. Issue a press release confirming that all R's power stations are "entirely safe".
B. Draw up contingency plans in case some of R's power stations need to be shut down.
C. Attempt to increase the level of insurance cover against this type of eventuality.
D. Decide that the information available to date is too uncertain to take any action for now.
E. Commission a reputable firm of structural engineers to carry out a review of all power stations owned by R.
F. Send experts employed by R to the site of the collapse so that they can gather information first hand on what happened.
正解：B,E,F

質問 3：
GHY is a listed company. Tom is GHY's CEO and Peter is its non-executive Chair of the Board. Tom and Peter both have substantial relevant business and industrial experience and both are believed to have considerable integrity. Tom and Peter quickly developed a good working relationship after Peter's appointment. They have become close friends.
Tom briefs Peter on every aspect of the business. Tom and Peter jointly agree the agenda for every board meeting and both agree on the manner in which matters will be presented to the board.
Taking account of the principles of good corporate governance, which of the following statements is correct?
A. It is entirely appropriate that Tom and Peter have this kind of relationship and both are acting in the best interests of the company.
B. The relationship between Peter and Tom may have a detrimental effect on company decision making as the Board is not always being informed about matters in an unbiased manner.
C. Since the non-executive chair clearly has a significant role within this company there is little danger that any individual will become excessively dominant.
D. Non-contentious board meetings show how well Tom and Peter are running the company and shows that the management is cohesive.
正解：B

質問 4：
B, a construction company, has a policy of carrying out a post completion audit on every construction project undertaken where the value exceeds $1 million.
What is the role of the post completion audit?
A. To highlight what can be done to improve similar future projects.
B. To apportion blame for things not done well.
C. To reward staff and celebrate success.
D. To signify the end of the project.
正解：A

質問 5：
P has decided to invest in a new warehouse at a cost of $2,000,000. The discount rate of the project is 18% and the present value of the tax shield is £26,000.
What is the minimum acceptable Internal Rate of Return of the project?
A. 18.23%
B. 16.50%
C. 17.77%
D. 18%
正解：C

質問 6：
With regard to the rote of the audit committee which of the following statements are correct? Select ALL that apply
A. The audit committee should engage consultants to carry out business reviews
B. The audit committee should decide annually whether it needs an internal audit function
C. The audit committee should review and monitor the effectiveness of the company's internal audit function
D. The audit committee should decide annually whether it needs an external audit function
E. The audit committee should design the system of internal controls
F. The audit committee should provide arrangements for whistle blowing
正解：A,C,F