CIMA has ‘refreshed’ its Code of Ethics to help today’s “finance professional deal with the ethics and independence challenges in the modern digital world”.
Updates include new material emphasising the importance of capturing and understanding relevant facts and circumstances when exercising professional judgement. There are also revised provisions on offering and accepting inducements, including gifts, hospitality and entertainment.
CIMA’s Andrew Harding (left) explained that management accountants have a responsibility to act ethically, foster ethical management processes, and have a duty to act in the public interest. He stressed the revised code is now more transparent about when CIMA will take action to enforce breaches.
The revised code comes into force on 1 January 2020.
For more information about the updated CIMA Code of Ethics, and to access resources, go to https:// www.cimaglobal.com/Professional/ Ethics