CIMA Exam CIMAPRA17-BA4-1 Topic 1 Question 85 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 85
Topic #: 1

[All CIMAPRA17-BA4-1 Questions]

Which of the following is INCORRECT in relation to the recommendations of the Greenbury Committee Report of 1995?

AAll the recommendations were incorporated into the Stock Exchange Listing Rules.

BDirectors should never be given discounted share options.

CAnnual bonuses should not be pensionable.

DAny long-term incentive schemes to be offered to directors should first be approved by the shareholders.

Show Suggested Answer

Suggested Answer: B

by Beth at Apr 24, 2024, 03:39 PM

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Brittani

10 months ago

I think D is the correct answer, as sometimes it may be necessary to break laws in order to uphold the greater public interest.

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Jaclyn

10 months ago

I'm leaning towards B, because reporting frauds found in audits is crucial for protecting the public interest.

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Giovanna

11 months ago

I disagree, I believe the answer is A. Following the ethical policies of your employer will always serve the public interest.

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Lenora

11 months ago

I think the answer is C, because accountants have a duty to the public, not just their individual clients.

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Paola

11 months ago

Yes, they should, but their ultimate responsibility is to the public interest.

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Sherron

11 months ago

But what about option A? Shouldn't accountants follow their employer's ethical policies?

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Miesha

11 months ago

I agree, accountants have a responsibility beyond just their client.

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Paola

11 months ago

I think option C is correct.

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