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CIMAPRA17-BA4-1 Exam - Topic 3 Question 98 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 98
Topic #: 3
[All CIMAPRA17-BA4-1 Questions]

Which ONE of the following provides an example of circumstances that may create self-review threats for a professional accountant in public practice?

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Suggested Answer: C

by Gianna at Sep 18, 2024, 08:25 AM

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Laurena
6 months ago
Not sure if A is a big deal, errors happen all the time.
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Kirk
6 months ago
Wait, can you really be involved in both design and reporting?
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Kris
6 months ago
All of the above seems right to me!
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Portia
7 months ago
I think C is more concerning, honestly.
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Kristeen
7 months ago
B is definitely a self-review threat.
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Daniel
7 months ago
I’m leaning towards D, thinking all of them could create self-review threats. But I’m not sure if they all fit the definition equally well.
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Joseph
7 months ago
I recall a practice question where they mentioned a director being part of the assurance team. That might relate to option C, but I’m not confident if that’s the best example here.
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Dawne
8 months ago
I’m not entirely sure, but I feel like option B sounds right because it directly relates to self-review. It’s like you can’t be the judge and the player at the same time.
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Cammy
8 months ago
I think self-review threats are really tricky. I remember studying that if you’re involved in designing a system, you shouldn’t be the one auditing it.
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Elmira
8 months ago
I think the answer is B. Reporting on systems you were involved in designing or implementing could definitely create a self-review threat, as you'd be evaluating your own prior work. The other options don't seem as directly relevant to that specific threat.
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Quentin
8 months ago
I'm a bit confused by this question. The wording is a bit tricky, and I'm not 100% confident in any of the answer choices. I'll have to re-read the question and options carefully before making a decision.
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Carmen
8 months ago
Ah, I see what they're getting at. The key is the concept of "self-review threats" for a professional accountant. I believe B is the best answer, as it describes a situation where the accountant could be reviewing their own prior work.
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Lenora
8 months ago
This question seems straightforward. I think the answer is B - reporting on the operation of financial systems after being involved in their design or implementation.
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Pok
8 months ago
Hmm, I'm not entirely sure about this one. I'll need to think it through carefully. The options all seem plausible, so I'll have to weigh the pros and cons of each.
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Kris
1 year ago
This is a real head-scratcher. I'm gonna have to phone a friend on this one. Or maybe just flip a coin. 50/50 chance of getting it right, right?
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Annamae
11 months ago
D) All of the above
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Rolande
11 months ago
C) A member of the assurance team being, or having recently been, a director or officer of that client
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Nikita
11 months ago
B) Reporting on the operation of financial systems after being involved in their design or implementation
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Janey
12 months ago
A) The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice
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Rodolfo
1 year ago
I'm gonna have to go with the option that involves the most work - D. Why make it easy on ourselves when we can just check all the boxes, right?
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Gail
1 year ago
D all the way, baby! You can't be auditing your own work - that's like asking the fox to guard the henhouse. Where's the independence and objectivity in that?
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Glenn
11 months ago
C) A member of the assurance team being, or having recently been, a director or officer of that client
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Amira
11 months ago
B) Reporting on the operation of financial systems after being involved in their design or implementation
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Leontine
1 year ago
A) The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice
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Jaime
1 year ago
Hmm, I'm not so sure. I mean, what if the error was super minor and didn't really impact the overall results? Maybe that wouldn't be a big deal. But B and C definitely seem more clear-cut.
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Chantay
1 year ago
C) A member of the assurance team being, or having recently been, a director or officer of that client
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Cory
1 year ago
B) Reporting on the operation of financial systems after being involved in their design or implementation
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Rosio
1 year ago
A) The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice
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Kandis
1 year ago
I'm gonna have to go with D on this one. All of those scenarios create the potential for self-review threats. Gotta be objective, you know?
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Jerry
1 year ago
But reporting on financial systems after being involved in their design can create self-review threats.
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Carin
1 year ago
I disagree, I believe the answer is D.
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Leslee
1 year ago
Option B seems like the obvious choice here. If you're involved in designing or implementing a system, how can you objectively assess its operation? Seems like a clear self-review threat to me.
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Cruz
1 year ago
It's important for professional accountants to be aware of these threats and take appropriate actions to mitigate them.
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Luis
1 year ago
True, option D covers all possible circumstances that may create self-review threats.
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Richelle
1 year ago
I think option C could also create a self-review threat, having a member of the assurance team who is a director or officer of the client.
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Hayley
1 year ago
I agree, option B definitely creates a self-review threat.
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Jerry
1 year ago
I think the answer is B.
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