CIMA BA4 · Chapter 3 · Question 7 of 10
Under the conceptual framework in the CIMA Code of Ethics, what should a member do first when facing a situation that might compromise a fundamental principle?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Identify threats to compliance with the fundamental principles
Explanation
The conceptual framework requires the member to identify threats, evaluate whether they are at an acceptable level, and address them by eliminating them or reducing them to an acceptable level with safeguards. Resignation is a last resort, and safeguards can only be chosen once the threat is identified and evaluated.
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