Question: SECTION A- SHORT ANSWER QUESTIONS [25 MARKS] Answer ALL questions in this section. 1. Describe two principles of the UK corporate governance code. (4 marks)

SECTION A- SHORT ANSWER QUESTIONS [25 MARKS] Answer ALL questions in this section.

1. Describe two principles of the UK corporate governance code. (4 marks) 2. State four objectives of corporate governance in relation to stakeholders. (4 marks) 3. Identify and explain any fiduciary duty of a director. (3 marks) 4. Explain three purposes of financial reporting. (6 marks) 5. Differentiate between the following: a. Internal auditing and external auditing. (4 marks) b. Market risk and interest rate risk. (4 marks)

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