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CIMAPRA17-BA4-1 Exam - Topic 4 Question 121 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 121
Topic #: 4
[All CIMAPRA17-BA4-1 Questions]

In the UK, the body responsible for establishing standards and related guidance for accountants providing assurance services is:

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Suggested Answer: D

by Rodrigo at Jan 24, 2026, 01:40 AM

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Shalon
5 days ago
It's the Financial Reporting Council (FRC).
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Earlean
10 days ago
The FRC, of course! Everyone knows they're the ones in charge of accounting standards in the UK.
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Gail
15 days ago
Haha, I bet the exam writers are trying to trick us with this one. Gotta stay on our toes!
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Reed
20 days ago
I thought it was the Accounting Standards Board (ASB). They're the ones who establish the guidelines, right?
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Valentin
26 days ago
The Institute of Chartered Accountants in England and Wales (ICAEW) is the body responsible for this. They set the standards for the accounting profession.
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Dell
1 month ago
The Financial Reporting Council (FRC) is the correct answer. It's the regulatory body for accountants in the UK.
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Scarlet
1 month ago
I thought it was the ICAEW, but now I’m second-guessing myself after reviewing the FRC's role.
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Melissa
1 month ago
This question feels similar to one we practiced on the role of regulatory bodies in accounting. I hope I got it right!
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Micah
2 months ago
I remember something about the FRC setting standards, but there might be other bodies involved too.
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Glory
2 months ago
I think it's the Financial Reporting Council, but I’m not entirely sure.
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Ramonita
2 months ago
The FRC, that's it! They're the ones who set the standards and guidance for assurance services provided by accountants in the UK. I remember learning about them in my auditing class.
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Wenona
3 months ago
Let me think... I know there's a key regulatory agency for accountants in the UK, but I'm drawing a blank on the name. I'll have to make an educated guess on this one.
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Rosendo
3 months ago
Okay, I've got this. The body responsible for establishing accounting standards and guidance in the UK is the Financial Reporting Council (FRC). I'm confident I can answer this one.
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Latricia
3 months ago
Ugh, I'm not too familiar with the specifics of the accounting regulatory environment in the UK. I'll have to try to recall what I know about the major oversight organizations.
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Kenny
3 months ago
Hmm, this seems like a straightforward question about accounting standards in the UK. I'll need to think through the key regulatory bodies and their responsibilities.
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