CIMA Exam CIMAPRA17-BA4-1 Topic 3 Question 84 Discussion

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

Question #: 84
Topic #: 3

Which THREE of the following statements are correct regarding the CIMA Code of Ethics for Professional Accountants?

AWhere a statutory requirement is in conflict with a provision of the CIMA Code, the CIMA Code requirement prevails

BThe CIMA Code is mandatory for all CIMA members and students, and is applicable to all professional services.

CThe CIMA Code imposes an obligation on CIMA members and students to comply with relevant laws and regulations

DProfessional accountants should consider the ethical requirements contained in the CIMA Code as the basic principles which they should follow in performing their work

EThe CIMA Code is an example of a compliance driven ethical framework

Show Suggested Answer

Suggested Answer: A, B, C

by Geoffrey at Apr 13, 2024, 08:55 AM

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Lawanda

6 months ago

I think the CIMA Code requirement prevails over statutory requirements in case of conflict, right?

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Nakita

6 months ago

Definitely, it's important for professional accountants to follow the ethical requirements in the CIMA Code.

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Lauran

6 months ago

I believe the CIMA Code imposes an obligation to comply with relevant laws and regulations too.

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Kattie

6 months ago

Yes, that's correct. It's applicable to all professional services.

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Ngoc

6 months ago

I think the CIMA Code is mandatory for all CIMA members and students, right?

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Jennie

6 months ago

So, would you say the CIMA Code is a compliance driven ethical framework?

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Veronika

7 months ago

That's correct. Even if there's a conflict, the CIMA Code requirement prevails over statutory requirements.

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Danica

7 months ago

I think the CIMA Code also imposes an obligation to comply with relevant laws and regulations.

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Effie

7 months ago

I agree, professional accountants should consider it as the basic principles to follow in their work.

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Kate

7 months ago

Yes, it is mandatory for all CIMA members and students, and applies to all professional services.

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Jose

7 months ago

Do you think the CIMA Code of Ethics for Professional Accountants is important?

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Kandis

8 months ago

Yeah, that's a good one. The CIMA Code sets out the ethical standards that CIMA members and students are expected to follow.

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Arthur

8 months ago

Option B seems correct to me. The CIMA Code is mandatory for all CIMA members and students, and it applies to all professional services.

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Francesco

8 months ago

Ah, good point. The CIMA Code is supposed to complement, not supersede, relevant laws and regulations.

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Danica

8 months ago

Okay, let's start with option A. I think this one is incorrect because statutory requirements generally take precedence over professional codes of conduct.

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Dwight

6 months ago

And it applies to all professional services too.

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Salley

6 months ago

Option B seems correct. The CIMA Code is mandatory for all members and students.

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Elenor

7 months ago

What about option B?

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Dwight

7 months ago

So, that means option A is incorrect.

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Salley

7 months ago

I agree, statutory requirements are usually more important.

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Bulah

8 months ago

I agree, this is a pretty straightforward question, but it's important to get the details right. Let's go through each answer option carefully.

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Mitzie

8 months ago

Hmm, this seems like a tricky question. The CIMA Code of Ethics is an important set of guidelines for professional accountants, and we need to make sure we understand it well.

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