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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Kandis

10 days 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

12 days 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

13 days ago

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

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Danica

14 days 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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Bulah

16 days 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

18 days 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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