题目
When a bank issues a credit nominating another bank to be the Reimbursing Bank, the Issuing Bank:
A. shall send an authorisation to the Reimbursing Bank to honour claims.
B. shall require the Claiming Bank to supply a certificate of compliance to the Reimbursing Bank.
C. shall not be responsible for any interest should the Reimbursing Bank fail to honour the claim.
D. shall not be relieved of its obligation under the credit, should the reimbursing bank fail to honour the claim.
(1)( )A, C, D only (2)( )A, D only
(3)( )A, B only (4)( )B, C, D only
第1题
A.30
B.20
C.15
D.10
第2题
Banks are subject to various forms of legal risk, including inadequate or incorrect (56) advice or documentation that may result in unexpected decline in the value of (57) or unexpected increase in the value of liabilities. In addition, existing laws may (58) resolve legal issues involving a bank; a court case involving a (59) bank may have wider implications for banking business and involve costs to it and many or all other banks; and, laws (60) banks or other commercial enterprises may change. Banks are particularly susceptible to legal risks when entering new types of transactions and when the legal right of a counterpart to enter into a transaction is not established.
(41)
A.bank
B.financial
C.legal
D.governmental
第3题
(4)
A.A bank or insurance company issues an advance payment bond.
B.A bank or insurance company issues a tender bond.
C.A bank or insurance company issues a maintenance bond.
D.A bank or insurance company issues a performance bond.
第4题
A.verbal
B.written.
C.bond
D.L/C
第5题
(1)( )latest date for presentation of a claim including any usance period.
(2)( )terms and conditions of the Undertaking.
(3)( )the letter of credit expiry date.
(4)( )party to pay the Reimbursement Undertaking fee, if other than the issuing bank.
第6题
A.The bank receives instructions from a customer to certify an ordinary check worth $10,000 issued in a foreigner's name
B.The bank receives an ordinary check worth $13,000 payable to a customer's checking account
C.A customer deposits $20,000 through a cashier's check in his or her checking account
D.A customer issues stop-payment instructions on a check worth $15,000 issued to a payee
第7题
A.a properly payable check issued by the drawer is presented for payment, but the drawer's account does not have sufficient funds in it
B.the drawer issues a stop-payment order for a check, but the bank still goes ahead and pays the holder of the check
C.the bank pays the holder of a check in which the amount payable is altered to indicate a higher amount than was originally intended
D.the payee presents the check after six months from the date of the check and the bank still pays the holder
第8题
(c) Briefly outline the corporation tax (CT) issues that Tay Limited should consider when deciding whether to
acquire the shares or the assets of Tagus LDA. You are not required to discuss issues relating to transfer
pricing. (7 marks)
第9题
Section A暂缺
Section B – ALL SIX questions are compulsory and MUST be attempted
You are an audit manager of Pink Partners & Co (Pink) and are planning the audit of Golden Finance Co (Golden), a banking institution which provides a range of financial services including loans. Your firm has audited Golden for four years and the company’s year end is 30 September 2015.
At the end of August, Golden’s financial controller left and the new replacement is not due to start until approximately two months after the year end. The finance director, who is the sister-in-law of the audit engagement partner, has asked if a member of the audit team can be seconded to Golden for three months to act as the temporary financial controller.
You are aware that a number of the audit team members currently bank with Golden and two team members have significant loans owing to the company.
Pink’s taxation department also provides services to Golden. They have been approached by Golden to represent them in negotiations to resolve some outstanding issues with the taxation authorities, for which the fees quoted are substantial.
The finance director has informed the audit engagement partner that when the audit is complete, she would like the whole team to attend an evening watching the national football team play a match followed by a luxury meal.
Required:
Using the information above:
(i) Identify and explain FIVE ethical threats which may affect the independence of Pink Partners & Co’s audit of Golden Finance Co; and
(ii) For each threat, explain how it might be reduced to an acceptable level.
Note: The total marks will be split equally between each part.
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