1、2017年 12月 ACCA考试 P1公司治理、风险和职业道德真题及答案解析(总分：125.00，做题时间：195 分钟)案例分析题(总题数：4，分数：125.00)Section A This ONE question is compulsory and must be attemptedThe National Football Association (NFA) is the governing body of the game of football in the country of Geeland and is tasked with administering the rules
2、 of the game. The NFA is not a listed company and so is not subject to listing rules. However, as the regulator of the game, the NFA is expected to adopt governance arrangements which are in line with best practice for listed companies. Football is the most popular sporting activity in the country o
3、f Geeland and all the national league football matches are televised. The right to televise games is also sold to other countries meaning that Geeland football games are seen by many people who enjoy the game around the world, giving the NFA a very high public profile.The NFA is also responsible for
4、 all regulatory aspects of the game of football and one of its core aims is to govern the game effectively and maintain integrity. The role of the football referee is critical in achieving this aim and being a referee is considered to be a key role by the NFA, as well as being important to the conti
5、nued popularity of the game of football. A football referee is the person responsible for enforcing the laws of the game during each football match and is the final authority of all decisions on the football pitch, giving the referee a significant amount of discretion as to the interpretation of the
6、 laws of the game. The amount of authority and responsibility they have is equivalent to that of senior managers in a listed company. For this reason the referee role within the NFA is full time and prestigious.The main board at the NFA delegates responsibility for referees to a referee sub committe
7、e whose brief is to emulate the role and responsibility of board committees in a listed company. This means the committee is expected to follow best practice governance guidelines relating to the responsibility of the nomination, remuneration and audit committees in governance and apply the guidelin
8、es to the recruitment, remuneration and control of football referees and refereeing.Referees are supported by two assistant referees who are empowered to advise the referee in certain situations such as the ball going out of the field of play. However, the assistant referees decisions are not bindin
9、g and the referee has authority to overrule his assistants. This is one of the reasons why refereeing decisions are sometimes controversial.Referees have autonomy in their choice of assistants for each game. The NFA believes that working with officials you are familiar with stimulates a better team
10、spirit and the confidence to make the correct decisions and not to let your colleagues down. This should motivate the officials towards better performance during the game. The names of the officials for each match are normally released 28 days before any match takes place and this information is rea
11、dily available to external parties.The referee sub committee applies very general guidelines on what is required of a referee, believing that if you have a passion for the game you can become a referee. Referee appointments are often via word-of-mouth recommendations and are influenced by social con
12、nections and personal influence rather than meeting objective selection criteria. After an initial induction training course, which is delivered at local level and is not regulated by the NFA, there is no formal on-going training programme. Any changes to the laws or regulations of the game are dist
13、ributed from the NFA to the local level of the football association whose responsibility it is to make sure individual referees are aware of the updates.Although the NFA sees the role of a referee as prestigious, this is not reflected in their current pay structure. The reward package of a referee i
14、s substantially lower than equivalent senior management in listed companies. Many of the referees have expressed their resentment on the disparities to the NFA, but this has never been addressed. Referees are facing the lowest level of year on year pay increases in Geeland at just 01%. Equivalent po
15、sitions in listed companies, and footballers playing in the national league in Geeland, are expected to receive on average a 15% increase year on year. Referees are paid around one-tenth of the average wage of the footballers playing in the national league. Despite the apparent disparity in earnings
16、, many of the referees live in very expensive houses and live lavish lifestyles, well beyond their apparent means.The NFA has faced a number of criticisms in the press in recent months. One criticism refers to the corruption of football referees. The referees have been accused of match fixing. Match
17、 fixing generally refers to influencing the final result of the game. One form of match fixing is where the referee favours one side throughout the match in exchange for a fee so that the outcome of the game is effectively agreed before the match starts. The referee can influence the outcome by addi
18、ng on more extra time than justified, awarding penalties unfairly or disallowing legitimate goals. The referee has complete autonomy over the game which means that any decision made during the game is not questioned and the referees decision is final. National league football clubs cannot appeal aga
19、inst any decision made by the referee.The media has also criticised the lack of use of readily available technology within the sport of football in Geeland. Technology used in many other sports is increasing rapidly but the sport of football has been slow to incorporate the use of technology. The te
20、chnology could be used to enable the referee to make the correct decisions. The NFA believesthere is no value in technology and suggests that it will reduce the viewing experience for spectators who, it believes, are more concerned about respecting the games traditions. A goal decision system is use
21、d in other parts of the world to rule on whether the ball has crossed the line when a goal is awarded. This supports better decision making, but this is not currently used in Geeland.The media highlighted the NFAs failure to govern the game effectively and its inability to maintain integrity in its
22、operations, which the NFA promotes as core values. In an effort to address the criticisms, the NFA has recently appointed a football regulation and administration director. The administration director will oversee areas of discipline and governance within the NFA, and the game of football, which inc
23、ludes responsibility for football match refereeing. The media believes that as a governing body the NFA is weak and has organisational shortcomings which are leading to control failures and that the NFA is tolerant of breaches in governance and turns a blind eye to corrupt practices. This is contrib
24、uting to the poor performance of referees and their inability to make the correct decisions.The new football regulation and administration director went on television to explain that in his new role he would be drawing on his previous experience of board positions of listed companies. This will infl
25、uence his approach to governance and ethics at the NFA. He said that there appears to be a culture of carelessness at the NFA and that parts of the organisation are too autonomous, without any effective internal or external oversight. He supports the NFAs view that the role of a referee should be co
26、nsidered as responsible as senior managers of a listed company, due to the great responsibility they bear. He recognised the failings of the referee sub committee and is concerned that it is composed of ex-footballers with little prior management experience. He stated that the NFA could learn from t
27、he governance required of listed companies. He believes that more rules related to conduct on and off the field will be needed and that his priority is to review the governance, ethics and internal controls within the NFA and the role of the referee sub committee in overseeing the changes.Required:（
28、分数：50）(1).Explain the important role which board committees have in governance and critically assess the governance arrangements of the referee sub committee in recruiting, remunerating and controlling referees. （分数：10）_(2).Discuss the conditions which currently exist at the NFA which make the refer
29、ees and their officials vulnerable to corruption.（分数：8）_(3).Describe the general purposes of an internal control system and recommend control measures which could be implemented to ensure the overall control environment and the refereeing of football matches at the NFA is improved.（分数：12）_(4).Prepar
30、e briefing notes for the newly appointed football regulation and administration director in readiness for the next board meeting. The notes should:(i) Explain the importance of independence in refereeing decisions to football supporters. (4 marks)(ii) Assess the damaging effect any suspicion of brib
31、ery and corruption of match officials can have on the NFA and the wider reputation of the game of football. (6 marks)(iii) Discuss the benefits and contents of a professional code of ethics which could be used by referees at the NFA. (6 marks)Professional marks will be awarded in part (d) for clarit
32、y, persuasiveness, tone and flow of the briefing notes. (4 marks)（分数：20）_Section B TWO questions ONLY to be attemptedTR Co is a well-established public limited company listed on the national stock exchange of a western European country. It is currently undergoing its statutory annual audit from the
33、reputable firm of accountants Shaw furthermore it would create more jobs in this economically challenged region.An alternative proposal from the LWA is to build a huge dam at the bottom of the Coombe Valley, which is in the neighbouring administrative region of Lambria about 60 kilometres from Liver
34、mouth. The effect would be to create a large reservoir from which water could be diverted to Livermouth. The cost of this proposal is five times greater than the original Housewater option, and would also lead to hundreds of people being relocated to a town to the east of the new dam construction du
35、e to their homes being submerged. In addition, the dam project would include major tunnel building and blasting to channel the water from the newly created reservoir to the city of Livermouth. This would be through a series of mountains and valleys, many of which lie in an area of outstanding natura
36、l beauty and contain many species of protected animals and birds. The Deeland government has stipulated that the total cost of the Coombe Valley project is to be recovered through a special water services tax on Livermouths householders and the population of Lambria, which already has access to more
37、 water than it requires. By contrast the Housewater solution would not require extra taxes to be paid; on a positive note, the Coombe Valley project will create many more construction jobs than the Housewater option would require and is located in the relatively much poorer region of Lambria.When th
38、e national government of Deeland finally decided on the costlier Coombe Valley proposal, there were large demonstrations in Lambria. The demonstrators comprised many disparate groups objecting to the forced relocation of the population, damage to the natural environment and more generally about the
39、additional costs to taxpayers of this much more expensive and disruptive project.Required:（分数：25）(1).Explain the importance of the 3Es (value for money) criteria in the evaluation of a public sector investment proposal and use these criteria to evaluate the water diversion project proposals for Hous
40、ewater and the Coombe Valley, Lambria.（分数：8）_(2).Using Tuckers 5-question model, evaluate the moral case for or against obtaining the water from the Coombe Valley in Lambria, rather than from Housewater.（分数：10）_(3).Discuss the contestable nature of public sector policy in Deeland, and how supplying
41、drinking water to Livermouth should be decided.（分数：7）_2017年 12月 ACCA考试 P1公司治理、风险和职业道德真题答案解析(总分：125.00，做题时间：195 分钟)案例分析题(总题数：4，分数：125.00)Section A This ONE question is compulsory and must be attemptedThe National Football Association (NFA) is the governing body of the game of football in the country
42、of Geeland and is tasked with administering the rules of the game. The NFA is not a listed company and so is not subject to listing rules. However, as the regulator of the game, the NFA is expected to adopt governance arrangements which are in line with best practice for listed companies. Football i
43、s the most popular sporting activity in the country of Geeland and all the national league football matches are televised. The right to televise games is also sold to other countries meaning that Geeland football games are seen by many people who enjoy the game around the world, giving the NFA a ver
44、y high public profile.The NFA is also responsible for all regulatory aspects of the game of football and one of its core aims is to govern the game effectively and maintain integrity. The role of the football referee is critical in achieving this aim and being a referee is considered to be a key rol
45、e by the NFA, as well as being important to the continued popularity of the game of football. A football referee is the person responsible for enforcing the laws of the game during each football match and is the final authority of all decisions on the football pitch, giving the referee a significant
46、 amount of discretion as to the interpretation of the laws of the game. The amount of authority and responsibility they have is equivalent to that of senior managers in a listed company. For this reason the referee role within the NFA is full time and prestigious.The main board at the NFA delegates
47、responsibility for referees to a referee sub committee whose brief is to emulate the role and responsibility of board committees in a listed company. This means the committee is expected to follow best practice governance guidelines relating to the responsibility of the nomination, remuneration and audit committees in governance and apply the guidelines to the recruitment, remuneration and control of football referees and refereeing.Referees are supported by two assistant referees who are empowered to advise the referee in certain situations such as the
