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CIMAPRA17-BA4-1 Exam - Topic 8 Question 81 Discussion

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest Therefore:
B) frauds which are detected in an audit must be reported to the public
A) the public interest will always be served if an accountant complies with his or her employer's corporate ethical policies
C) a professional accountant's responsibility is not exclusively to satisfy the needs of an individual client or employer
D) professional accountants must be prepared to break laws that they consider to be against the public interest

CIMAPRA17-BA4-1 Exam - Topic 8 Question 81 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 81
Topic #: 8
[All CIMAPRA17-BA4-1 Questions]

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest Therefore:

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Suggested Answer: B

by Tyra at Feb 07, 2024, 09:22 AM

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Ben
9 months ago
A is misleading. Corporate policies don't always align with public interest.
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Twila
10 months ago
Wait, can accountants really break laws for the public good?
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Maurine
10 months ago
B is crucial. We need transparency in audits.
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Cherelle
10 months ago
Totally disagree with D. Breaking laws is not the answer!
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Portia
10 months ago
C is spot on! It's about more than just the client.
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Ernestine
10 months ago
I’m a bit confused about D. I know we have to act ethically, but breaking laws sounds extreme. Isn’t there a way to address issues without doing that?
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Kristin
11 months ago
I feel like I’ve seen a question similar to this before, and it was about the importance of transparency in audits. I think B might be the right choice.
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Eloisa
11 months ago
I think option C makes the most sense because our role goes beyond just serving one client. We have a duty to the public too, right?
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Annmarie
11 months ago
I remember discussing how the public interest is a core principle in our ethics classes, but I'm not entirely sure if that means we always have to report everything.
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Angelyn
11 months ago
Option C looks like the safest bet here. An accountant's duty is to the public, not just their client or employer.
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Lindy
11 months ago
I'm a bit confused by the wording of the question and the options. Might need to re-read it a few times to make sure I'm understanding it correctly.
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Anglea
11 months ago
I think the key is understanding that an accountant's responsibility goes beyond just their employer's policies. Option C seems to capture that best.
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Kanisha
11 months ago
Hmm, not sure about this one. The options seem to be getting at different interpretations of the public interest.
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Yen
11 months ago
This question seems straightforward, just need to focus on the public interest aspect.
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Vincent
11 months ago
Hmm, I'm a little unsure about this one. I know properties files are used to store configuration settings, but I can't quite remember what specific types of content they typically hold. I'll have to think this through carefully.
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Phyliss
11 months ago
Hmm, this seems like a tricky one. I'm leaning towards option B, since a new BSR election should happen after a bootstrap message wait interval when a higher priority BSR message is seen. But I'm not 100% confident.
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Ernest
11 months ago
This seems pretty straightforward. I'll focus on the key elements that need to be identical between the sites.
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Shala
11 months ago
This seems like a straightforward question. I'd go with Stackdriver uptime checks since it's specifically designed for monitoring application availability.
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Yuki
11 months ago
Okay, I've got this. The daily stand-up is all about the team's progress and issues, so option B is the clear winner here. The stand-up gives the team visibility into how they're doing, which is crucial for monitoring the project.
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Leonida
11 months ago
I'm not totally sure about this one. I'll need to carefully consider how the project triangle elements are related before selecting an answer.
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Tenesha
2 years ago
I agree with Amos. We must uphold ethical standards and follow the law.
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Amos
2 years ago
I don't think breaking laws is ever justified, even for the public interest.
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Izetta
2 years ago
But what about option D? Should accountants break laws for the public interest?
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Tenesha
2 years ago
I agree with Amos. Professional accountants should prioritize the public interest.
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Amos
2 years ago
I think option C is the correct answer.
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