CIMA BA4 Based on Real Exam Environment

A fixed charge is a charge over a specific asset of the company which it is unable to deal with freely in the ordinary course of business.

A fixed charge is a charge over a specific asset of the company which it is able to deal with freely in the ordinary course of business.

A fixed charge is a charge over a class of company assets which the company can deal with freely in the ordinary course of business.

A fixed charge is a charge over a class of company assets which the company is unable to deal with freely in the ordinary course of business.

Competitors

Shareholders

Customers

Suppliers

Miguel - Unable to conduct a full audit due to the client's refusal to provide access to the company's financial records.

Abe - Has limited time to complete an audit, so performs a brief check of each department

India - Has noticed that the company she is auditing has adopted a new set of accounting rules unusually early.

Sean - Discovers during an audit that the company has overstated the value of its assets.

(i) and (ii) only

(ii) and (iii) only

(i) and (iii) only

(i), (ii) and (iii)