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CIMA Exam CIMAPRA17-BA4-1 Topic 7 Question 90 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 90
Topic #: 7
[All CIMAPRA17-BA4-1 Questions]

CIMA's Code of Ethics would be violated if a professional accountant accepted a fee for work which is:

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Suggested Answer: B

by Junita at Jun 22, 2024, 02:35 PM

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Stevie
11 months ago
Honestly, I'm just glad I don't have to worry about this code of ethics stuff. I'll stick to my day job flipping burgers, where the only ethical dilemma is whether to put extra pickles on the customer's sandwich.
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Isabelle
10 months ago
B) based on a quotation fixed in advance of the work being earned out
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William
10 months ago
A) fixed by a company's ethics committee
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Pamella
11 months ago
I'm torn between B and D, but I think D might be the way to go. Competitive bidding keeps things fair and above board.
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Barney
11 months ago
Haha, can you imagine the accountant being like, 'Hey boss, I found the money you were looking for! Show me the cash!'. That's definitely not allowed.
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Joseph
10 months ago
D) based on a price quotation submitted in competitive bidding
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Meaghan
10 months ago
C) payable once a specified finding has been attained
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Leah
10 months ago
B) based on a quotation fixed in advance of the work being earned out
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Dalene
10 months ago
B) based on a quotation fixed in advance of the work being earned out
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Yuki
10 months ago
A) fixed by a company's ethics committee
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Otis
11 months ago
A) fixed by a company's ethics committee
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Leontine
11 months ago
I'm not sure, but I think C) could also be a violation of CIMA's Code of Ethics
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Malinda
11 months ago
I agree with Antione, because accepting a fee fixed in advance is more ethical
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Kami
11 months ago
I'd have to go with option B. A fixed quotation in advance seems like the safest way to avoid any ethical issues.
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Adell
11 months ago
I think option D could also be acceptable, as long as it's based on competitive bidding.
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Latosha
11 months ago
I agree, option B is definitely the safest choice.
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Ahmad
12 months ago
Option C is clearly a violation of the Code of Ethics. You can't accept a fee based on a specific outcome - that's just unethical.
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Luis
11 months ago
A: That's a good point, accepting a fee based on competitive bidding could raise ethical concerns.
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Nieves
11 months ago
B: I think option D could also be a violation, as it involves competitive bidding.
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Margot
11 months ago
A: I agree, option C is definitely a violation of the Code of Ethics.
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Antione
12 months ago
I think the answer is B)
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