Discuss CIMA CIMAPRA19-E02-1 Exam Topic 2 Question 62

In the UK there is a principles based approach to corporate governance.Which THREE of the following statementsare part of this approach?

AIt consistsof principles to be followed unless there is a justifiable reason not to do so.

BIt includes legislation involving punishment for non-compliance.

CThe UK code of corporate governance adopts a 'comply or explain' approach.

DSome of the provisions of the UK corporate code may not be followed exactly providing departure can be justified.

EIt provides a set of rules which must be followed in all circumstances.

Suggested Answer: A, C, D

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14 comments · newest first

Katheryn 12 months ago

I thought it was all about flexibility, not punishment.

Ngoc 12 months ago

B is more about strict rules, not principles.

Raina 1 year ago

Wait, is E really not part of it? That seems odd.

Arthur 1 year ago

Totally agree with D too!

Lai 1 year ago

A and C are definitely part of it.

Winifred 1 year ago

I’m confused about B; I thought the principles-based approach was more about guidance than strict legislation, so I’m leaning towards A, C, and D.

Carma 1 year ago

I practiced a similar question, and I think A and D both emphasize justification for not following the principles, which seems right.

Goldie 1 year ago

I’m not entirely sure, but I feel like the 'comply or explain' concept is really central to the UK code, so C should definitely be one of the answers.

Beth 1 year ago

I remember that the principles-based approach allows for some flexibility, so I think A and D might be correct.

Kimberely 1 year ago

I've got a good handle on this topic, so I'm confident I can identify the right causes. Time to put my knowledge to the test!

Romana 1 year ago

I think the AVR module is the best option here. It's designed specifically for gathering website statistics like latency and throughput.

Donte 1 year ago

Okay, I remember learning about this in class. The main inputs for creating user stories are the Prioritized Product Backlog, Personas, and Done Criteria. Identified Risks doesn't seem to be directly related to that process, so I'll go with that as the answer.

Michal 1 year ago

This seems like a tricky one. I'll need to think through the possible causes and solutions carefully.

Mona 1 year ago

The question mentions that Mabry is relatively inexperienced with derivatives, so I'll need to be careful in my approach and make sure I fully understand the concepts before selecting an answer.

CIMAPRA19-E02-1 Exam - Topic 2 Question 62 Discussion