1. principles and characteristics
For P1 June Dec MRA(question 4) in the part b(i) states that we need to write down with the references to the principles of corporate governance which are integrity, fairness, judgement and etc however i thought that these are the characteristics of corporate governance not principles. Also two terms are even remotely not related but why doe ACCA P1 use this kind of terms interchangeably ??
2. For P1 June Dec MRA(question 4) in the part b(ii) states that we need to describe best practice measures to combat bribery and corruption such as proportionality, top-level commitment, risk assessment, communication etc but what happens if we write down the measures of examples such as screening of staff and associates, improved reporting and etc in the context of MRA ? will i be able to get passing marks ???
Absolute precision is not a requirement in this exam! If you give examples such as those you have mentioned (staff screening and improved reporting) the markers are well skilled in ascribing expressions used by students to fit the alternative titles of communication and risk assessment (as appropriate)
When I used to mark I would not infrequently find myself asking myself “What does (s)he mean by this (expression)?” and giving the mark where I could fit the student’s words into an expression in the examiner’s solution that was sufficiently similar
Don’t panic where there’s no need to panic – there’s enough to panic about without stressing over semantics!
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