CIMAPRA17-BA4-1 Exam - Topic 8 Question 15 Discussion

Question

N is a CIMA qualified accountant working within a complex and evolving organisation A new HR manager. Q, has been employed and has reviewed the salaries of the accounting team in order to reduce the expense to the company.

Q suggests that N's position could be outsourced to an accounting servicing company to save money. This outsourcing team does not employ professionally qualified accountants

N's finance director emphatically disagrees with Q's suggestion

Which THREE of the following are justifications for retaining N's services?

As a CIMA qualified accountant N

Alyce · Accepted Answer

A) takes personal responsibility for ensuring that he is professionally competent to undertake work for the company and B) takes personal responsibility for ensuring that the information he provides is unbiased and unaffected by conflicts of interest and C) takes personal responsibility for ensuring that he is independent in his relationship with his employer.

Alyce · Answer

D) takes personal responsibility for ensuring that he is straightforward and honest in his business dealings

Alyce · Answer

E) takes personal responsibility for ensuring that his behavior complies only with that of his professional body and therefore the company can have confidence in his work and complain to his professional body if they are unhappy

Alyce · Answer

F) takes personal responsibility for ensuring the accuracy and validity of the judgments of his directors in assessing the risk appetite of the company.