CIMA Certificate in Business Accounting Practice Questions — All Questions

Which is one of CIMA's fundamental ethical principles?

• a.Integrity✓
• b.Aggressive selling
• c.Secrecy from regulators
• d.Maximizing fees

Integrity is a fundamental principle, alongside objectivity, competence, confidentiality, and professional behavior.

Objectivity as an ethical principle requires members to:

• a.Avoid all clients
• b.Maximize personal gain
• c.Always agree with the client
• d.Not let bias or conflicts of interest override professional judgment✓

Objectivity means not compromising judgment due to bias or conflict.

Corporate governance is primarily concerned with:

• a.Payroll processing
• b.How an organization is directed and controlled✓
• c.Marketing strategy
• d.Product design

Governance is the system by which organizations are directed and controlled.

Confidentiality requires that a member:

• a.Disclose to competitors
• b.Share client data freely
• c.Sell client information
• d.Not disclose client information without proper authority✓

Confidentiality restricts disclosure of client information without authority or legal duty.