Questions – choose all that apply

1. Which of these are key principles of the Code

of Ethics?A. Objectivity

B. Familiarity

C. Professional behaviour

2. If you face an ethical dilemma, what should

be your first step to resolve the issue?

A. Contact the regulators

B. Stay quiet

C. Check your facts

3. In which of these areas might you face

pressures?

A. Working with colleagues from different

functional areas within the organisation

B. Meeting reporting deadlines

C. Allocating bonuses

4. Which of these are safeguards for upholding

the highest ethical standards?

A. Having written orders to do something

B. Companies’ internal codes, policies

and education

C. Corporate governance regulations

5. How does CIMA support its members and

students?

A. Setting standards and disciplinary

process

B. Making decisions for them

C. Offering helplines globally

6. Which principles of ‘adequate procedures’

should be in place to prevent bribery,

according to the recent UK Bribery Act?

A. Top level commitment

B. Communication

C. Write a document

08

08

Fall

Fall

Ethics Quiz

Are you familiar with the principles of the CIMA Code of Ethics, the UK Bribery Act, and how to act when facing an ethical dilemma? Test your skills, check with answers at the back, and follow the links for more information.

Are you acting ethically? u

Access more resources at www.cimaglobal.com/ethics | Send your ethics queries to ethics@cimaglobal.com

Answers

1. A, C

Brush up on your knowledge around the Code of Ethics and your

personal obligations with the ethics animation, or take a look at the full

Code. Also watch the ethics webcasts which puts the importance of

standards and ethics into context.

2. C

Before you take action, make sure to check your facts. Get guidance on

how to resolve an ethical dilemma with the ethics checklist.

But why wait until you are already facing a dilemma? Practice using

CIMA’s Code and the ethics checklist to resolve a dilemma with our e-

tool www.cimaglobal.com/ethicstool.

3. A, B, C

Read more about what your fellow members think about pressures in

the workplace, reputational risk and the importance of embedding

ethical values into operating cultures – access all responsible business

reports for free at www.cgma.org/resources/managing-responsible-business.html

4. B, C

Learn more about corporate governance and ethical practice on the

responsible business reports page. Also see the Code of Ethics

for more details about safeguards.

5. A, C

CIMA's ethical helpline is free for members and students and providesguidance on the Code of Ethics www.cimaglobal.com/helplines. UKmembers and students also have access to a legal advice line LawExpress. The range of information available helps you make the right

decision.

6. A, BCIMA members and students worldwide have a responsibility to be fully

aware of the implications of anti-bribery legislation in their market, as

well as the implications of laws with global reach such as the UK

Bribery Act and the US Foreign Corrupt Practices Act (FCPA). Read

more about the latest anti-bribery regulation on our Anti Bribery

Guidance page.