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Risk management

The public interest

CIMA’s Code of Ethics has a ‘threats and safeguard’ approach. If identified threats
are other than clearly significant, a management accountant should apply safeguards
to eliminate the threats or reduce them to an acceptable level such that compliance
with the fundamental principles is not compromised:

 Integrity – Members should be straightforward and honest is all professional /
business relationships

 Objectivity – Members should not allow bias or conflict of interest in business
judgements

 Professional competence and due care – duty to maintain professional
knowledge and skill at appropriate level

 Confidentiality – information on clients not disclosed without appropriate
specific authority

 Professional behaviour – members must comply with relevant laws and avoid
actions discrediting the profession

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