CIMA Exam CIMAPRA17-BA4-1 Topic 1 Question 85 Discussion

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

Question #: 85
Topic #: 1

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 Beth at Apr 24, 2024, 03:39 PM

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Brittani

7 months ago

I think D is the correct answer, as sometimes it may be necessary to break laws in order to uphold the greater public interest.

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Jaclyn

7 months ago

I'm leaning towards B, because reporting frauds found in audits is crucial for protecting the public interest.

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Giovanna

7 months ago

I disagree, I believe the answer is A. Following the ethical policies of your employer will always serve the public interest.

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Lenora

7 months ago

I think the answer is C, because accountants have a duty to the public, not just their individual clients.

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Paola

8 months ago

Yes, they should, but their ultimate responsibility is to the public interest.

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Sherron

8 months ago

But what about option A? Shouldn't accountants follow their employer's ethical policies?

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Miesha

8 months ago

I agree, accountants have a responsibility beyond just their client.

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Paola

8 months ago

I think option C is correct.

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