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CIMAPRA17-BA4-1 Exam - Topic 7 Question 59 Discussion

A professional accountant is NOT accountable to:
C) His or her employer
A) The public
B) His or her clients
D) His or her company's competitors

CIMAPRA17-BA4-1 Exam - Topic 7 Question 59 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 59
Topic #: 7
[All CIMAPRA17-BA4-1 Questions]

A professional accountant is NOT accountable to:

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Suggested Answer: C

by Beatriz at Oct 12, 2022, 11:52 AM

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Temeka
10 months ago
Competitors? That seems obvious, but still surprising!
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Alesia
10 months ago
It's all about the employer and clients, right?
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Lauran
10 months ago
Wait, are you serious? Not to the public?
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Martina
11 months ago
I think they should be accountable to their clients.
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Cortney
11 months ago
Definitely not accountable to competitors!
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Gayla
11 months ago
I could be wrong, but I think D makes the most sense because competitors don’t have a direct relationship with the accountant.
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Rochell
11 months ago
I practiced a similar question, and I feel like it was about the public being a key stakeholder, so maybe it's not A.
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Rossana
11 months ago
I'm not entirely sure, but I remember something about how accountants are primarily accountable to their clients and employers.
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Lajuana
11 months ago
I think the answer might be D, since competitors aren't really part of the accountability structure.
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Willodean
11 months ago
Hmm, let me think this through. The data page was created at 06:12, and the reload if older than field is set to 15 minutes. So the page should reload at 06:27, which is choice D.
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Rodrigo
11 months ago
I'm feeling pretty confident about this one. The most important benefit is that the customer knows you understand how they feel. That's the core of good customer service.
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Kate
1 year ago
Is this one of those 'none of the above' kind of questions? Because that would be the most accountant-y answer ever.
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Rolande
1 year ago
Wait, are we sure this isn't a trick question? Maybe the answer is actually 'all of the above'.
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Claribel
1 year ago
Competitors? Really? I thought accountants were sworn to secrecy, not spilling the beans to the competition.
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Rosio
1 year ago
C: Accountants also have a responsibility to their employer and the public.
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Kara
1 year ago
B: That's right, accountants have a duty of confidentiality to their clients.
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Lazaro
1 year ago
A: Accountants are accountable to their clients, not their competitors.
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Aileen
1 year ago
The employer? That's a bold move, I guess they can do whatever they want without any consequences.
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Dana
1 year ago
C) His or her employer
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An
1 year ago
B) His or her clients
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Cecil
1 year ago
A) The public
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Jamal
1 year ago
Clients? But isn't serving the client the whole point of being a professional accountant? This is confusing.
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Emerson
1 year ago
C) His or her employer
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Marge
1 year ago
B) His or her clients
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Carey
1 year ago
A) The public
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Denae
1 year ago
Hmm, the public? I thought accountants were supposed to be the epitome of transparency and accountability.
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Marlon
1 year ago
B) His or her clients
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Lucina
1 year ago
A) The public
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Yesenia
1 year ago
But shouldn't an accountant also consider the impact of their decisions on competitors to ensure fair competition?
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Alex
1 year ago
I agree with that. Competitors shouldn't have a say in how an accountant does their job.
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Justine
1 year ago
A professional accountant is NOT accountable to his or her company's competitors.
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