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

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?
B) The Framework
A) The Companies Act
C) The European Union
D) The International Financial Reporting Interpretation Committee

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?

Show Suggested Answer Hide Answer
Suggested Answer: B

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

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Princess
I’m confused; I thought the International Financial Reporting Interpretation Committee had a bigger role in developing standards.
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Leah
5 days ago
The Companies Act seems relevant too, but I feel like it’s more about regulations than standards.
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Cordelia
10 days ago
I remember we discussed the importance of the Framework in class, so I’m leaning towards option B.
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Vi
15 days ago
I think it might be the Framework, but I'm not entirely sure. It sounds familiar from our lectures.
upvoted 0 times
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