P1 Governance, Risk and Ethics

Students said: An ‘OK’ paper, but there were quite a few comments about the fact that the exam seemed to cover just a narrow bit of the syllabus. The worry is with four sittings a year students will see more random things as the examiner tries to cover the whole syllabus

The examiner said: Q1 (50 marks) was on bribery and corruption. Q2 was based on a bank and its manipulation of the London interbank offer rate (LIBOR) an internationally recognised benchmark interest rate which is published every day. The Q3 case study scenario was based on a company who had developed an ambitious plan to help the company emerge from the difficulties it had experienced in recent years. Q4 looked at a qualified accountant acting as an FD of a listed international construction company. They had been jailed for insider trading.

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