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Hi Mike,
I work through specimen exam both paper and CBE (2014) and find the difference in the answer of this question:
Which TWO statements are correct in relation to designated members in limited liability partnerships (LLPs)?
(1) They are responsible for filing the LLP’s accounts
(2) They must not take part in the day-to-day operation of the business
(3) They are fully liable for partnership debts
(4) They have limited liabilitythe CBE answer is (1) and (3). Meanwhile, the Specimen Paper is (1) and (4).
Can you please show me which one is right?
Thank you.
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