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

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Janey

5 days 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!

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Tamra

6 days ago

I agree, C is the correct answer. We have to prioritize the public interest, not just corporate policies.

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Yen

11 days ago

Option C seems like the most reasonable choice. An accountant's responsibility should extend beyond just their client or employer.

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Ashley

2 days ago

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

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