B、 (1) and (3) C、 (2) and (3)

27 In which procedure does a liquidation committee operate? (1) Compulsory liquidation

(2) A members’ voluntary liquidation (3) A creditors’ voluntary liquidation (4) Administration A、 (1) and (2) B、 (2) and (4) C、 (1) and (3) D、 (3) and (4)

28 The category of treasury shares comes into existence under which of the following circumstances?

A、 They are issued as such by a private company B、 They are issued as such by a public company C、 They are purchased as such by the exchequer

D、 They are purchased as such by a private or public company 29 Which of the following is NOT a source of English law? A、 Custom B、 Equity C、 Public law

30 Which of the following are owed a duty of care by auditors when preparing a company’s audit report?

A、 A potential investor with no current holding