CIMAPRA17-BA3-1 Exam - Topic 3 Question 128 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 128
Topic #: 3

[All CIMAPRA17-BA3-1 Questions]

It underpins all accounting standards and provides the platform from which all future standards will be developed.

Which ONE of the following is described above?

AThe Companies Act

BThe Framework

CThe European Union

DThe International Financial Reporting Interpretation Committee

Show Suggested Answer

Suggested Answer: B

by Kiera at Jun 21, 2026, 10:03 PM

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Wei

16 days ago

Definitely B) The Framework. It guides everything!

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Stephen

21 days ago

I agree, B) The Framework is the foundation.

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Zena

26 days ago

I think it's B) The Framework. It makes sense.

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Kasandra

1 month ago

I’m not convinced, could be more than one option.

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Helaine

1 month ago

Totally agree, it’s the Framework for sure!

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Roselle

1 month ago

Wait, is it really just B? Seems too simple.

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Vivan

2 months ago

I thought it was A) The Companies Act.

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Alexis

2 months ago

Definitely B) The Framework!

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Princess

2 months ago

I’m confused; I thought the International Financial Reporting Interpretation Committee had a bigger role in developing standards.

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Leah

2 months ago

The Companies Act seems relevant too, but I feel like it’s more about regulations than standards.

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Cordelia

2 months ago

I remember we discussed the importance of the Framework in class, so I’m leaning towards option B.

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Vi

2 months ago

I think it might be the Framework, but I'm not entirely sure. It sounds familiar from our lectures.

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