Fundamentals of Ethics - Corporate Governance and Business Law: BA4 Exam

"Fundamentals of Ethics - Corporate Governance and Business Law", also known as BA4 exam, is a CIMA Certification. With the complete collection of questions and answers, iPassleader has assembled to take you through 660 Q&As to your BA4 Exam preparation. In the BA4 exam resources, you will cover every field and category in CIMA Certification Certification helping to ready you for your successful CIMA Certification.

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  • Updated on: Sep 16, 2026
  • No. of Questions: 660 Questions & Answers

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  • Updated on: Sep 16, 2026
  • No. of Questions: 660 Questions & Answers

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CIMA BA4 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Company Administration10%- Corporate legal administration
  • 1. Company formation and structure
    • 2. Corporate compliance and filings
      Topic 2: Corporate Governance, Controls and Corporate Social Responsibility45%- Corporate social responsibility
      • 1. CSR principles and sustainability reporting
        - Internal controls and audit
        • 1. Risk management and control systems
          • 2. Internal audit and external audit roles
            - Corporate governance framework
            • 1. OECD principles and governance codes
              • 2. Role of boards and directors
                Topic 3: Business Ethics and Ethical Conflict30%- Ethical principles and professional behaviour
                • 1. Nature of ethics and values in accounting
                  • 2. Professional independence, objectivity, and integrity
                    • 3. Ethical dilemmas and conflict resolution
                      Topic 4: General Principles of Legal System, Contract and Employment Law15%- Business law fundamentals
                      • 1. Contract formation and enforcement
                        • 2. Legal systems and sources of law
                          • 3. Employment law basics

                            CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:

                            Which of the following remedies is available as of right in the event of a breach of contract?
                            (i) Specific performance.
                            (ii) Damages.
                            (iii) An injunction.

                            • A. (i) only
                            • B. (iii) only
                            • C. (ii) only
                            • D. (ii) and (iii) only
                            Reveal Solution  Discussion  0

                            Correct Answer: C  🗳️

                            One of your colleagues has just been poached by a competitor. You have reason to suspect that he has provided his new employer with sensitive information about your company that could disadvantage your employer. This affects the CIMA Code of Ethics fundamental principle of:

                            • A. Confidentiality
                            • B. Respect
                            • C. Responsibility
                            • D. Cooperation
                            Reveal Solution  Discussion  0

                            Correct Answer: A  🗳️

                            Which of the following identifies criminal as opposed to civil proceedings?

                            • A. The case was proved beyond reasonable doubt.
                            • B. The case was heard by the Supreme Court.
                            • C. The case was brought by a claimant.
                            • D. The case resulted in an award of damages.
                            Reveal Solution  Discussion  0

                            Correct Answer: A  🗳️

                            Y has an opening at his company for a trainee accountant. His nephew is just about to leave school, and Y receives a call from his sister suggesting that her son should get the job. Y's firm has a strict policy with regards to the employment of family members, especially in finance departments. But for Y, looking after his family is very important, and he is sure he will be an excellent staff member. Y has an ethical dilemma because there is tension between:

                            • A. His personal and professional values
                            • B. His personal and societal values
                            • C. His professional and corporate values
                            • D. His personal and corporate values
                            Reveal Solution  Discussion  0

                            Correct Answer: D  🗳️

                            IFAC member firms or bodies:

                            • A. Must not apply less stringent standards than those stated in the IFAC Code of Ethics
                            • B. Are entitled to use the IFAC Code of Ethics as an optional approach for their own organization
                            • C. Must prosecute any individual who fails to adhere to any part of the IFAC Code of Ethics
                            • D. Must, by law, adhere to the IFAC Code of Ethics
                            Reveal Solution  Discussion  0

                            Correct Answer: A  🗳️

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