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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:

AThe Professional Oversight Board for Accountancy

BThe International Federation of Accountants

CThe Financial Reporting Council

DThe Auditing Practices Board

Show Suggested Answer

Suggested Answer: D

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

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Olene

I think it's the FRC. They set the standards.

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Fausto

2 months ago

Are we sure it's not the ACCA?

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Hershel

2 months ago

FRC is definitely the right answer!

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Vivan

2 months ago

Wait, I thought it was the ICAEW?

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Glory

2 months ago

Totally agree, FRC sets the standards!

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Shalon

2 months ago

It's the Financial Reporting Council (FRC).

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Earlean

2 months ago

The FRC, of course! Everyone knows they're the ones in charge of accounting standards in the UK.

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Gail

3 months 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

3 months ago

I thought it was the Accounting Standards Board (ASB). They're the ones who establish the guidelines, right?

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Valentin

3 months 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

3 months 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

3 months 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

3 months 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

4 months ago

I remember something about the FRC setting standards, but there might be other bodies involved too.

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Glory

4 months ago

I think it's the Financial Reporting Council, but I’m not entirely sure.

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Ramonita

5 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

5 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

5 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

5 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

5 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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