CIMA BA4 · Chapter 4 · Question 7 of 10
A member has exhausted internal procedures and the ethical conflict remains unresolved. Which of the following would be an appropriate next step under the CIMA Code?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Seek advice from CIMA's ethics helpline or obtain legal advice before deciding whether to disassociate from the matter
Explanation
If a conflict cannot be resolved internally, the member may seek professional advice from CIMA or legal advice, and if still unresolved should refuse to remain associated with the matter, which could ultimately mean resignation. Proceeding with the unethical action, discussing confidential matters socially or destroying evidence would all be inappropriate.
More Ethical conflict, whistleblowing and money laundering MCQs
- Q9A management accountant's manager instructs her to reclassify revenue expenditure as capital expenditure so that a profit target is met…
- Q10Which of the following situations is most likely to involve the 'layering' stage of money laundering?
- Q1What is the first step a member should normally take when trying to resolve an ethical conflict?
- Q2Which of the following is the best description of 'whistleblowing'?
- Q3Which is the correct order of the three stages of money laundering?