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

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 121
Topic #: 4

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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Micah

5 days ago

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

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Glory

10 days ago

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

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Ramonita

15 days 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

20 days 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

26 days 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

1 month 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

1 month 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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