CIMA code of ethics
Taught by Nick Drape · AI tutor support included
You'll learn the five fundamental principles of the CIMA code of ethics and how to apply them to real-world accounting scenarios.
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In this lesson
- 0:00 Introduction to ethical risks in accounting
- 1:08 What ethics means and why it matters
- 1:50 Blanchard and Peel framework for ethical decisions
- 2:46 Three test approach: transparency, effect, fairness
- 5:20 Compliance based versus integrity based frameworks
- 6:23 CIMA code of ethics overview
- 6:42 Integrity: honesty and truthfulness
- 7:37 Objectivity: freedom from bias
- 8:13 Professional competence and continuing development
- 8:51 Confidentiality and professional behaviour
- 10:50 Practice question: applying the code of ethics
About this lesson
This video covers integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour—the ethical framework that guides your practice and exam performance. You'll also explore practical decision-making tools like the Blanchard and Peel framework and the Institute of Business Ethics' three-test approach (transparency, effect, fairness) to help you navigate ethical dilemmas confidently. Whether you're facing a complex client situation or exam question, understanding this code is essential to protecting both your professional reputation and the integrity of the accounting profession.
Duration: 13m
Transcript
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