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You work for an accountancy firm and discover that a member of an assurance team has a significant conflict of interest. You take CIMA's Code of Ethics with you when you alert your board of directors as to why this is an important issue, but the board decides that the conflict of interest is not important. This is an example of tension between:

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Corporate and professional values

Corporate and societal values

Societal and personal values

All of the above

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Question 2

Compliance is

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Doing the right thing because it is the right thing to do

Doing the right thing because you have to

A way of building trust

A matter of judgment

Question 3

Why are the principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior “fundamental”?

Options:

Because they are the foundations of reasoning and professional practice

Because they are the foundations of human rights

Because they are the foundations of corporate responsibility

Because they are the foundations of management accounting

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BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

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Fundamentals of Ethics, Corporate Governance and Business Law Questions and Answers

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