CIMA Exam CIMAPRA17-BA4-1 Topic 2 Question 89 Discussion

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

Question #: 89
Topic #: 2

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 Jonell at Jun 01, 2024, 07:01 AM

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Coral

5 months ago

Ah, the joys of the accountancy profession. Where ethics and laws collide in a glorious dance of moral dilemmas. *sips tea*

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Karrie

4 months ago

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

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Karrie

4 months ago

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

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Bobbie

6 months ago

B) sounds good, but I'm pretty sure that's not the right answer. Blabbing about frauds to the public? No thanks, I'd rather keep my job.

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Herminia

6 months ago

But what about option D? Shouldn't accountants be willing to break laws for the public interest?

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Hassie

6 months ago

A) sounds like the easiest option, but I'm pretty sure that's not the right answer. Ethics aren't just for show, you know.

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Lynna

5 months ago

A) sounds like the easiest option, but I'm pretty sure that's not the right answer. Ethics aren't just for show, you know.

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Tawanna

5 months ago

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

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Laticia

6 months ago

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

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Huey

6 months ago

I agree with you, Fletcher. Professional accountants have a responsibility to serve the public interest.

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Barbra

6 months ago

Hmm, I think D) is the right choice. Who needs laws when you have your own sense of morality?

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Fletcher

6 months ago

I think the answer is C.

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Candida

6 months ago

C) is the correct answer. Accountants have a responsibility to the public, not just their employer.

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Gwenn

5 months ago

It's important for accountants to prioritize the public interest over individual clients or employers.

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Salley

5 months ago

I agree, accountants have a duty to the public as a whole.

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Verona

5 months ago

It's important for accountants to prioritize the public interest over individual clients or employers.

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Renea

5 months ago

Professional accountants play a crucial role in serving the public interest.

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Ailene

6 months ago

It's important for accountants to prioritize the public interest over individual clients.

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Lura

6 months ago

I agree, accountants have a duty to the public as a whole.

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Cyndy

6 months ago

I agree, accountants have a duty to the public as a whole.

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