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CIMA Exam CIMAPRA17-BA4-1 Topic 7 Question 90 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 90
Topic #: 7
[All CIMAPRA17-BA4-1 Questions]

CIMA's Code of Ethics would be violated if a professional accountant accepted a fee for work which is:

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Suggested Answer: B

by Junita at Jun 22, 2024, 02:35 PM

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Stevie
9 months ago
Honestly, I'm just glad I don't have to worry about this code of ethics stuff. I'll stick to my day job flipping burgers, where the only ethical dilemma is whether to put extra pickles on the customer's sandwich.
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Isabelle
8 months ago
B) based on a quotation fixed in advance of the work being earned out
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William
8 months ago
A) fixed by a company's ethics committee
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Pamella
9 months ago
I'm torn between B and D, but I think D might be the way to go. Competitive bidding keeps things fair and above board.
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Barney
9 months ago
Haha, can you imagine the accountant being like, 'Hey boss, I found the money you were looking for! Show me the cash!'. That's definitely not allowed.
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Joseph
8 months ago
D) based on a price quotation submitted in competitive bidding
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Meaghan
8 months ago
C) payable once a specified finding has been attained
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Leah
8 months ago
B) based on a quotation fixed in advance of the work being earned out
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Dalene
8 months ago
B) based on a quotation fixed in advance of the work being earned out
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Yuki
8 months ago
A) fixed by a company's ethics committee
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Otis
8 months ago
A) fixed by a company's ethics committee
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Leontine
9 months ago
I'm not sure, but I think C) could also be a violation of CIMA's Code of Ethics
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Malinda
9 months ago
I agree with Antione, because accepting a fee fixed in advance is more ethical
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Kami
9 months ago
I'd have to go with option B. A fixed quotation in advance seems like the safest way to avoid any ethical issues.
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Adell
9 months ago
I think option D could also be acceptable, as long as it's based on competitive bidding.
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Latosha
9 months ago
I agree, option B is definitely the safest choice.
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Ahmad
9 months ago
Option C is clearly a violation of the Code of Ethics. You can't accept a fee based on a specific outcome - that's just unethical.
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Luis
9 months ago
A: That's a good point, accepting a fee based on competitive bidding could raise ethical concerns.
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Nieves
9 months ago
B: I think option D could also be a violation, as it involves competitive bidding.
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Margot
9 months ago
A: I agree, option C is definitely a violation of the Code of Ethics.
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Antione
9 months ago
I think the answer is B)
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