Ethics Open Book Test -Fundamental Principles 1

Fill the 2 missing principles ..

1.objectivity

2.confidentiality

3.integrity

Which statement describes the principle of integrity?

• Following this principle requires scepticism and close attention to detail when reviewing information.

• By following this principle, an accountant minimises the risk of passing on incorrect information.

• Following this principle requires an accountant to keep their mind free from bias.

• Following this principle requires an accountant to stay technically up to date.

Which three of the following explain why the principle of integrity is important?

• E.To ensure straightforward and honest dealings

• B.To prevent bias affecting an accountant's work.

• D.To protect the security of information.

• C.To enhance the credibility of an accountant's work.

• A.To prevent passing on misinformation.

21.There are many reasons why CIMA members should follow CIMA ethical code[fundamental principles]. Which of the

following are correct?

• CIMAs code encourages best practice and is in the public interest

• All CIMA members are obliged to follow IFAC's code as CIMA is a member of IFAC

• CIMA members are legally bound by CIMA code.

• All CIMA members must follow CIMA's code as a condition of their membership

.It has been brought to your attention that a colleague in your accounts department has been continually been late in submitting his work. Which of CIMA's fundamental principles has he breached?

• Professional behavior

• Integrity

• Objectivity

• professional competence