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CIMAPRA19-F01-1 Exam - Topic 4 Question 21 Discussion

Which of the following would NOT be considered an element of a regulatory framework for financial reporting?
D) Local tax regulations
A) Local law
B) Local accounting standards
C) International Financial Reporting Standards

CIMAPRA19-F01-1 Exam - Topic 4 Question 21 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 21
Topic #: 4
[All CIMAPRA19-F01-1 Questions]

Which of the following would NOT be considered an element of a regulatory framework for financial reporting?

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Suggested Answer: D

by Norah at May 05, 2022, 11:00 PM

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Stephen
10 months ago
Totally agree, C is the odd one out here!
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Tayna
10 months ago
Wait, are we sure about that? Seems a bit off.
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Fatima
11 months ago
International Financial Reporting Standards are global, not local.
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Noel
11 months ago
I think local tax regulations are also included.
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Bernardo
11 months ago
Local law is definitely part of the framework.
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Sean
11 months ago
Hmm, I'm a bit unsure about this one. I know VRFs are used to separate routing and forwarding, but I'm not totally clear on the specifics of how the CE routes get associated. I'll have to think this through carefully.
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Paris
11 months ago
Hmm, I'm a bit unsure about this one. The requirement seems clear enough, but the answer options are a bit tricky. I'll need to think through each one carefully to determine which one is the most appropriate action to take.
upvoted 0 times
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