The CIMA Code of Ethics recognises that conditions, policies and procedures that help a member comply with the fundamental principles may be established either by the profession, legislation or regulation, or by the member's employing organisation. Which of the following is established by the profession, legislation or regulation rather than by the employing organisation?

Correct answer: D) Mandatory continuing professional development requirements

Explanation

Conditions, policies and procedures established by the profession, legislation or regulation include educational, training and experience requirements, continuing professional development (CPD) requirements, professional standards, professional or regulatory monitoring and disciplinary procedures, and corporate governance regulation. A whistleblowing hotline, a gifts policy and an internal second review are set up by the employer itself. Older editions of the Code grouped these as 'safeguards created by the profession, legislation or regulation' and 'safeguards in the work environment'; the current Code no longer uses those headings, but the distinction between the source of each measure still holds.