Finance and accounting are professions that are ideological custodians of wealth of individuals and organizations. These professions demand complete honesty and extreme accountability to a host of stakeholders across the board.
CIMA® qualification holders are expected to appreciate that investment & management accountants operate in vastly more complex global environments marked by multiplicity of cultures and regulatory laws, and the cost of lies, dishonesty and frauds is very high. Qualified CIMA® professionals are hence required to follow a behavior code built on the pillars of ethics, and enforced through Principles of practice. Our values are embedded in the four pillars of ethics and the four principles of practice, and behavior that is in breach of these values is unacceptable, and may result in penal action against erring CIMA® qualification holders.
All CIMA® qualification holders are required to conduct themselves in keeping with the following four pillars of ethics:
CIMA® qualification holders will always operate in their jobs with honest objectives and purposes, keeping uppermost in their mind the necessity of using and sharing truth in their analysis and reports
CIMA® qualification holders will always ensure that they will operate in their jobs with intent that is fair to people and which transparently informs them about the actions or decisions being taken and the reasons thereof. people, challenges and circumstances transparently objectives and purposes.
CIMA® qualification holders will always ensure that they will be completely objective in their analysis of problems, situations, books of finance and accounts, and will sincere in their decision-making, avoiding all possibilities of extraneous biases.
CIMA® qualification holders will always exhibit the highest regard for completing assignments on time with focus on delivering results; adding value to the process of management decision making process; and aiding managers with the most accurate financial information they require to take sound decisions.
During the course of their professional practice as investment & management accountants, CIMA® qualification holders may encounter situations or behaviors (of colleagues/ seniors/ clients/ vendors/ government officials etc.,) that are either blatantly dishonest and unacceptable, or pose ethical dilemmas, and make it challenging for them to adhere to our four pillars of ethics. In such situations, CIMA® qualification holders must attempt to act in consonance of the Principles of Practice that we have laid down. These principles are sacrosanct because they help keep CIMA® qualification holders practicing investment & management accounting in their jobs or their own business upright, without hurting themselves or other parties who are in the right.
All CIMA® qualification holders will always ensure that their knowledge, understanding and insights about laws, regulations, practices and standards stay latest, and their skills of using latest tools and techniques of investment & management accounting is on point. Adhering to this principle will help CIMA® qualification holders take accurate, correct, clear and effective decisions and preempt risks of being abused, defrauded and threatened by any party or individual.
All CIMA® qualification holders will operate in their profession with utmost honesty, avoiding all temptations or acts or decisions that may give rise to conflicts of interest, or present a perception of abuse of one’s power or designation or position. CIMA® qualification holders will also operate their actions and decisions without bias, prejudice or discrimination against a person, group, community or organization(s). Adherence to this principle helps ensure that CIMA® qualification holders become examples for others and create an atmosphere of trust and fairness among stakeholders.
All CIMA® qualification holders will work diligently, conscientiously and maintain confidentiality with intent to avoid creation of opportunities and situations of confusion, abuse and unfair advantage for the benefit of all parties involved. They will exercise informed and ethical judgement about when and who to disclose confidential information, and refrain from abusing confidential Information for unfair, unjust and illegal personal benefit. Adherence to this principle helps CIMA® qualification holders become examples for others and also ensure that peoples and parties dealing with them treat them with respect and unmanipulable, besides inspiring a feeling of trust and fairness among them.
All CIMA® qualification holders will always ensure that their communication with internal or external stakeholders will be courteous, polite, frank, objective, empathetic and fair, and that they will always share all information, data, facts about challenges, problems results, successes and failures in an objective manner, without understating or exaggeration. Adhering to this principle with help CIMA® qualification holders build their credibility as professionals who are fair, just and mindful of the needs of their stakeholders and are serious about helping them in their work or in resolving their problems in a fair manner.
All CIMA® qualification holders will always ensure even as they conduct themselves honestly, fairness, objectivity, empathy and good intent, they also constantly protect themselves from harm or threats to their physical, professional and social wellbeing at all times, by being circumspect; cautious; resourceful, alert and courageous in the face of challenges. CIMA® qualification holders must have confidence in the strength of their goodness and honesty and avoid impulsive actions or reactions in tough situations, and deploy tact, intelligence and promptness in seeking all available assistance.