P1 EXAM TIPS

Quote:

Various aspects of risk were examined widely in December 2010 but risk remains a key area. You may be asked to identify and categorise some key risks in a scenario. Over the last few months the role of the board of directors has remained at the forefront of the news. There have been changes to the code of corporate governance in the UK with diversity at board level receiving much attention. Make sure that you are comfortable applying the principles of good corporate governance to non-corporate organisations such as schools and hospitals/. You should make sure that you can discuss and apply ethical theories. Don’t neglect the less glamorous areas of the syllabus, corporate governance or risk and control disclosure could always be tested. The topic of stakeholders is important with wide application.