CIMA Exam CIMAPRA17-BA4-1 Topic 3 Question 96 Discussion

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

Question #: 96
Topic #: 3

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest Therefore:

Athe public interest will always be served if an accountant complies with his or her employer's corporate ethical policies

Bfrauds which are detected in an audit must be reported to the public

Ca professional accountant's responsibility is not exclusively to satisfy the needs of an individual client or employer

Dprofessional accountants must be prepared to break laws that they consider to be against the public interest

Show Suggested Answer

Suggested Answer: B

by Cordelia at Sep 06, 2024, 10:48 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA4-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lashunda

3 months ago

C is the way to go. Reminds me of the old saying, 'With great power comes great responsibility.'

upvoted 0 times

...

Theola

3 months ago

Option D? Really? Breaking laws, even for the 'public interest'? That's a hard pass for me.

upvoted 0 times

Tamera

2 months ago

C) a professional accountant's responsibility is not exclusively to satisfy the needs of an individual client or employer

upvoted 0 times

...

Alesia

2 months ago

B) frauds which are detected in an audit must be reported to the public

upvoted 0 times

...

Scarlet

3 months ago

A) the public interest will always be served if an accountant complies with his or her employer's corporate ethical policies

upvoted 0 times

...

Elouise

3 months ago

Hmm, I was going to say B, but C makes more sense. Can't forget the public interest!

upvoted 0 times

Hermila

2 months ago

It's important to remember that our responsibility goes beyond just our clients or employers.

upvoted 0 times

...

Kelvin

3 months ago

Definitely, as professional accountants, we have a responsibility to serve the public interest.

upvoted 0 times

...

Winfred

3 months ago

I agree, the public interest should always come first.

upvoted 0 times

...

Nu

4 months ago

I think a professional accountant's responsibility is not just to their client, but to society as a whole.

upvoted 0 times

...

Hannah

4 months ago

Definitely C. Satisfying individual needs should not come at the expense of the greater good.

upvoted 0 times

Lea

2 months ago

Breaking laws for the public interest is not the right approach, we must act ethically within the law.

upvoted 0 times

...

Krissy

2 months ago

It's important to remember that individual clients or employers are not the only focus.

upvoted 0 times

...

Shayne

2 months ago

Absolutely, professional accountants have a responsibility to serve the public interest.

upvoted 0 times

...

Sherita

3 months ago

I agree, the public interest should always be a top priority.

upvoted 0 times

...

Helaine

4 months ago

Yes, I believe so. It's about transparency and accountability.

upvoted 0 times

...

Charlette

4 months ago

So, does that mean they should report frauds detected in an audit to the public?

upvoted 0 times

...

Nu

4 months ago

I agree, it's important for accountants to act in the public interest.

upvoted 0 times

...

Helaine

4 months ago

I think the public interest should always come first.

upvoted 0 times

...

Francene

4 months ago

I think option C is the correct answer. As professionals, we have a duty to the public, not just our clients.

upvoted 0 times

Melodie

4 months ago

Absolutely, as professional accountants, we have a responsibility beyond just our clients.

upvoted 0 times

...

Jaime

4 months ago

I agree, option C emphasizes the importance of serving the public interest.

upvoted 0 times

...