A、100
B、11600
C、11800
D、200
Five years of huge losses ______.
A.have made Lloyd's change its business scope
B.of Lloyd's have ruined nearly 5% of its members
C.of Lloyd's has undermined the base for its long-term profitability
D.have ruined Lloyd's long-term competitiveness
Mr Oggon Mordue, a financial journalist who had worked in audit and assurance for many years, was in the audience.
He suggested that the normal advice on threats to independence was wrong. On the contrary in fact, the more services that a professional services firm can provide to a client the better, as it enables the firm to better understand the client and its commercial and accounting needs. Mrs Yttria disagreed, saying that his views were a good example of professional services firms not acting in the public interest.
Mr Mordue said that when he was a partner at a major professional services firm, he got to know his clients very well through the multiple links that his firm had with them. He said that he knew all about their finances from providing audit and assurance services, all about their tax affairs through tax consulting and was always in a good position to provide any other advice as he had acted as a consultant on other matters for many years including advising on mergers, acquisitions, compliance and legal issues. He became very good friends with the directors of client companies, he said. The clients, he explained, also found the relationship very helpful and the accounting firms did well financially out of it.
Another reporter in the audience argued with Mr Mordue. Ivor Nahum said that Mr Mordue represented the ‘very worst’ of the accounting profession. He said that accounting was a ‘biased and value laden’ profession that served minority interests, was complicit in environmental degradation and could not serve the public interest as long as it primarily served the interests of unfettered capitalism. He said that the public interest was badly served by accounting,as it did not address poverty, animal rights or other social injustices.
Required:
(a) Explain, using accounting as an example, what ‘the public interest’ means as used by Mrs Yttria in her
speech. (5 marks)
(b) This requirement concerns ethical threats. It is very important for professional accountants to be aware of ethical threats and to avoid these where possible.
Required:
(i) With reference to the case as appropriate, describe five types of ethical threat. (5 marks)
(ii) Assess the ethical threats implied by Mr Mordue’s beliefs. (8 marks)
(c) Assess Ivor Nahum’s remarks about the accounting profession in the light of Gray, Owen & Adams’ deep
green (or deep ecologist) position on social responsibility. (7 marks)
1.A parrot can be trained to do all the following but ____.
A、talk
B、help its owner
C、sing
D、create a lively atmosphere
2.Which of the following is NOT a reason for the easy raising of the parrot? ____
A、It eats very little.
B、Its food is inexpensive.
C、It does not need a house sitter.
D、It does not require daily walks as dogs do.
3.The word "tameness" in the passage means ____.
A、the quality of being brave or unafraid
B、the quality of being kind or warm-hearted
C、the quality of being uncontrollable or fierce
D、the quality of being gentle or trained
4.The word "jungle" probably means ____.
A、boundless desert with very little plant life
B、large apartment building with pleasing surroundings
C、wild land overgrown with thick bushes and trees
D、snow-covered mountain top in very cold areas.
5.The writer ____.
A、likes the parrot
B、dislikes the parrot
C、does not like nor dislike the parrot
D、values the parrot highly
What's the subject of the passage?
A.Capital
B.Restrictions on banks' operations
C.Supervision
D.Capital adequacy
A.over
B.off
C.in
D.above
In the writer's view what is being used more efficiently.?
A.Money holdings.
B.Cheek deposits.
C.Coins.
D.Metering and vending machines.
A.Don't mention it.
B.No problem.
C.It snows too muc
D.It's popular ther
E.