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CIMA Exam CIMAPRA17-BA4-1 Topic 3 Question 84 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 84
Topic #: 3
[All CIMAPRA17-BA4-1 Questions]

Which THREE of the following statements are correct regarding the CIMA Code of Ethics for Professional Accountants?

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Suggested Answer: A, B, C

by Geoffrey at Apr 13, 2024, 08:55 AM

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Lawanda
8 months ago
I think the CIMA Code requirement prevails over statutory requirements in case of conflict, right?
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Nakita
8 months ago
Definitely, it's important for professional accountants to follow the ethical requirements in the CIMA Code.
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Lauran
8 months ago
I believe the CIMA Code imposes an obligation to comply with relevant laws and regulations too.
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Kattie
9 months ago
Yes, that's correct. It's applicable to all professional services.
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Ngoc
9 months ago
I think the CIMA Code is mandatory for all CIMA members and students, right?
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Jennie
9 months ago
So, would you say the CIMA Code is a compliance driven ethical framework?
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Veronika
9 months ago
That's correct. Even if there's a conflict, the CIMA Code requirement prevails over statutory requirements.
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Danica
9 months ago
I think the CIMA Code also imposes an obligation to comply with relevant laws and regulations.
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Effie
9 months ago
I agree, professional accountants should consider it as the basic principles to follow in their work.
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Kate
10 months ago
Yes, it is mandatory for all CIMA members and students, and applies to all professional services.
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Jose
10 months ago
Do you think the CIMA Code of Ethics for Professional Accountants is important?
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Kandis
10 months ago
Yeah, that's a good one. The CIMA Code sets out the ethical standards that CIMA members and students are expected to follow.
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Arthur
10 months ago
Option B seems correct to me. The CIMA Code is mandatory for all CIMA members and students, and it applies to all professional services.
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Francesco
11 months ago
Ah, good point. The CIMA Code is supposed to complement, not supersede, relevant laws and regulations.
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Danica
11 months ago
Okay, let's start with option A. I think this one is incorrect because statutory requirements generally take precedence over professional codes of conduct.
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Dwight
9 months ago
And it applies to all professional services too.
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Salley
9 months ago
Option B seems correct. The CIMA Code is mandatory for all members and students.
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Elenor
9 months ago
What about option B?
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Dwight
9 months ago
So, that means option A is incorrect.
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Salley
9 months ago
I agree, statutory requirements are usually more important.
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Bulah
11 months ago
I agree, this is a pretty straightforward question, but it's important to get the details right. Let's go through each answer option carefully.
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Mitzie
11 months ago
Hmm, this seems like a tricky question. The CIMA Code of Ethics is an important set of guidelines for professional accountants, and we need to make sure we understand it well.
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