Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIMA Exam CIMAPRA17-BA4-1 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?

Show Suggested Answer Hide Answer
Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA4-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Kris
16 days 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?
upvoted 0 times
...
Rodolfo
26 days 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?
upvoted 0 times
...
Gail
29 days 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?
upvoted 0 times
Leontine
7 days ago
A) The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice
upvoted 0 times
...
...
Jaime
1 months 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.
upvoted 0 times
Chantay
2 days ago
C) A member of the assurance team being, or having recently been, a director or officer of that client
upvoted 0 times
...
Cory
13 days ago
B) Reporting on the operation of financial systems after being involved in their design or implementation
upvoted 0 times
...
Rosio
18 days ago
A) The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice
upvoted 0 times
...
...
Kandis
1 months 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?
upvoted 0 times
...
Jerry
2 months ago
But reporting on financial systems after being involved in their design can create self-review threats.
upvoted 0 times
...
Carin
2 months ago
I disagree, I believe the answer is D.
upvoted 0 times
...
Leslee
2 months 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.
upvoted 0 times
Cruz
26 days ago
It's important for professional accountants to be aware of these threats and take appropriate actions to mitigate them.
upvoted 0 times
...
Luis
1 months ago
True, option D covers all possible circumstances that may create self-review threats.
upvoted 0 times
...
Richelle
1 months 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.
upvoted 0 times
...
Hayley
1 months ago
I agree, option B definitely creates a self-review threat.
upvoted 0 times
...
...
Jerry
2 months ago
I think the answer is B.
upvoted 0 times
...

Save Cancel