BA4 Fundamentals of Ethics, Corporate Governance and Business Law

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Showing 7–9 of 20 questions

Question 7

According to CIMA, which TWO of the following are responsibilities of a professional accountant?

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  • To exclusively satisfy the needs of an individual client or employer

  • To act in the public interest

  • To comply with the ethical requirements of an employer's and professional body's code of ethics

  • To never question the truth of the information provided by an employer or client

Question 8

Which TWO of the following are true of the CIMA Code of Ethics?

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  • It covers every possible dilemma that an accountant might face

  • It is based on values rather than compliance

  • It is a financial requirement of accountants

  • It establishes the fundamental principles of professional ethics for professional accountants

Question 9

Which of the following are TWO reasons why new legislation might be introduced in response to corporate scandals?

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  • To prevent this type of unethical behavior by making it illegal

  • To punish individuals for adhering to codes of ethics

  • To encourage companies to make their own decisions about ethical matters

  • To enforce minimum standards of behavior