CIMA Certificate in Business Accounting Practice Questions — All Questions

Which is one of CIMA's fundamental ethical principles?

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

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

Objectivity as an ethical principle requires members to:

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

Objectivity means not compromising judgment due to bias or conflict.

Corporate governance is primarily concerned with:

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

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

Confidentiality requires that a member:

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

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