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

- Free Preparation Discussions

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

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Hester

1 month ago

Yes, FRC ensures quality in accounting practices.

upvoted 0 times

...

Gertude

2 months ago

I feel confident about that answer. It's crucial for trust.

upvoted 0 times

...

Alethea

2 months ago

Agreed! FRC is key for assurance services.

upvoted 0 times

...

Olene

2 months ago

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

upvoted 0 times

...

Fausto

4 months ago

Are we sure it's not the ACCA?

upvoted 0 times

...

Hershel

4 months ago

FRC is definitely the right answer!

upvoted 0 times

...

Vivan

4 months ago

Wait, I thought it was the ICAEW?

upvoted 0 times

...

Glory

4 months ago

Totally agree, FRC sets the standards!

upvoted 0 times

...

Shalon

4 months ago

It's the Financial Reporting Council (FRC).

upvoted 0 times

...

Earlean

4 months ago

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

upvoted 0 times

...

Gail

5 months ago

Haha, I bet the exam writers are trying to trick us with this one. Gotta stay on our toes!

upvoted 0 times

...

Reed

5 months ago

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

upvoted 0 times

...

Valentin

5 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.

upvoted 0 times

...

Dell

5 months ago

The Financial Reporting Council (FRC) is the correct answer. It's the regulatory body for accountants in the UK.

upvoted 0 times

...

Scarlet

5 months ago

I thought it was the ICAEW, but now I’m second-guessing myself after reviewing the FRC's role.

upvoted 0 times

...

Melissa

5 months ago

This question feels similar to one we practiced on the role of regulatory bodies in accounting. I hope I got it right!

upvoted 0 times

...

Micah

6 months ago

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

upvoted 0 times

...

Glory

6 months ago

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

upvoted 0 times

...

Ramonita

7 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.

upvoted 0 times

...

Wenona

7 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.

upvoted 0 times

...

Rosendo

7 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.

upvoted 0 times

...

Latricia

7 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.

upvoted 0 times

...

Kenny

7 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.

upvoted 0 times

Skye

29 days ago

Don't forget about the International Auditing and Assurance Standards Board too!

upvoted 0 times

...

Denae

1 month ago

Yeah, they set the standards for accountants.

upvoted 0 times

...

Krystal

1 month ago

I think it's the Financial Reporting Council.

upvoted 0 times

...

...