32. A consultant makes two statements about ICAEW’s regulation and supervision roles: 1 ICAEW regulates members who work in practice in more detail than members who work in business 2 ICAEW supervises compliance with anti-money laundering regulations by accountancy firms Are these statements accurate? Both 1 and 2 are accurate Only 1 accurate Only 2 is accurate Neither 1 nor 2 are accurate
32. A consultant makes two statements about ICAEW’s regulation and supervision roles:
1 ICAEW regulates members who work in practice in more detail than members who work in business
2 ICAEW supervises compliance with anti-money laundering regulations by accountancy firms
Are these statements accurate?
- Both 1 and 2 are accurate
- Only 1 accurate
- Only 2 is accurate
- Neither 1 nor 2 are accurate
33. Revitt plc is in the process of flotation on the London Stock Exchange with a new issue of shares via an offer for sale. Revitt plc has engaged three advisers for the flotation in addition to the company’s solicitor and accountant:
- Sparta and Partners are recording ownership of the shares when issued
- Junk & Co is advising on market conditions and likely demand for the shares
- Dylanson plc is pricing and underwriting the issue
What roles are being played in the flotation by the three advisers?
- Sparta and Partners: corporate broker; Junk & Co: sponsor; Dylanson plc: registrar
- Sparta and Partners: sponsor; Junk & Co: registrar; Dylanson plc: corporate broker
- Sparta and Partners: registrar; Junk & Co: corporate broker; Dylanson plc: sponsor
- Sparta and Partners: registrar; Junk & Co: sponsor; Dylanson plc: corporate broker
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