Introducing the Code of Ethics
The CIMA Code has five key principles and is based on a conceptual framework approach. Being principles based, as opposed to rules based, the Code assists the accountant to truly reflect and make a judgment on what is the appropriate way to handle a situation.
Watch an overview of the 2015 Code and how it applies to members and students:
In your examinations and throughout your working life you will need to weigh up different threats to your decision(s) or the decision(s) of others, and consider the safeguards that should be in place, as well as how you would resolve potential conflicts.
Watch 'Role and limits of regulation':