P1 Governance Risk & Ethics ACCA Pastpapers, Question Papers, Examiner Reports, Mark Schemes, Examinable Documents
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Nature of the ACCA P1 paper
ACCA P1 Paper – Governance, Risk and Ethics – aims to develop a student’s knowledge and the skills to be able to exercise professional judgement and ethics in practical situations which they will inevitably face as qualified accountants.
Add in the elements of a thorough knowledge and appreciation of internal controls, corporate responsibility and the management of risk and there you have a summary of the nature of the (relatively new, 2007) paper P1.
Structure of the ACCA P1 paper
Question 1 is a compulsory 50 mark question – between 500 and 700 words of information! It has always been the case that question 1 is sub-divided into multiple parts ( typically 5 or 6 ) and always includes an element of ethics
The remaining 50 marks is allocated to a choice of 2 from 3 questions worth 25 marks each.
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