CIMA Exam CIMAPRA17-BA4-1 Topic 7 Question 105 Discussion

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

Question #: 105
Topic #: 7

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 King at Jan 09, 2025, 12:15 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Selma

14 days ago

I'm going with C. Accountants need to be objective and serve the greater good, not just their own self-interest.

upvoted 0 times

...

Kaycee

21 days ago

But what about option B? Shouldn't accountants report fraud to the public to serve the public interest?

upvoted 0 times

...

Britt

25 days ago

Ha! Imagine an accountant just deciding to ignore the law because they think it's 'against the public interest'. That's a quick way to end up in jail, if you ask me.

upvoted 0 times

Louvenia

2 days ago

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

upvoted 0 times

...

Donte

7 days 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

...

Anglea

12 days ago

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

upvoted 0 times

...

Sheldon

16 days 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

...

Marget

28 days ago

I agree with Krissy. Accountants should prioritize the public interest over individual clients.

upvoted 0 times

...

Krissy

29 days ago

I think option C is correct. Accountants have a responsibility to the public, not just their clients.

upvoted 0 times

...

Janey

1 months ago

Hmm, D is an interesting choice, but I don't think we should be breaking laws, even if we think they're against the public interest. That could get us in trouble!

upvoted 0 times

...