Which of the following statements best describes ethics? 1. A set of moral principles and values that guide behaviour. 2. A system of individual morality, often linked to religious conviction. 3. A set of principles enshrined in the law.

Professional accountants are expected to act according to particular standards. Which one from the list below is incorrect? Professional accountants should act:

The CGMA Code of Ethics for Professional Accountants closely follows the Code laid down by which body?

Which of the following are not among the five fundamental principles of the Code?

Which of the following are not among the five fundamental principles of the Code?

Under which of the coming circumstances would it be acceptable for a professional accountant to disclose confidential information?

Continuing professional development would fall under which fundamental principles of the Code?

To comply with the IESBA Code accountants must demonstrate certain personal qualities. Which of the following are not personal qualities started by the Code?

To comply with the IESBA Code accountants must demonstrate certain personal qualities. Which of the following are not personal qualities started by the Code?

According to the IESBA code professional accountants should have a number of professional and personal qualities. All of the below are from the list of professional qualities except which one?

Professional scepticism is needed to ensure all but which one of the following?

Select from the relevant options to complete the sentence. In a rules (or compliance) based approach to introducing ethical standards into a company, [option 1] rules are applied [option 2]. Option 1: Perspective Flexible Option 2: from above at the company's own discretion

JG Ltd is introducing an ethical behaviour policy into the organisation. The manager concerned with the implementation wishes to do this by a framework based approach creating a supportive environment in which employees are free to make their own decisions. Which of the following will he be least concerned with?

The following behaviours are examples of a breach of which fundamental principles? 1. Using too many estimates in your work 2. Carrying out the annual audit for your father's firm at a discounted price in return for favours

Which of the following Statements are true?

Which of the following statements are true?

The most important objective of any business is the maximisation of the wealth of its shareholders. Therefore, the profit motive overrides any impulse towards ethical responsibility. Which response to this statement is incorrect?

The most important objective of any business is the maximisation of the wealth of its shareholders. Therefore, the profit motive overrides any impulse towards ethical responsibility. Which response to this statement is incorrect?

Amie, a junior accountant, is offered the use of a holiday apartment by the Finance Director of a client firm for whom she has been working for two years. She has been working long hours for the client and feels in need of a well-deserved break. In accepting the use of the apartment she is potentially in breach of which of the following fundamental principles?

Eymen has been leading a team advising TF Ltd on a bid for a rival company. When the deal goes through he is invited out to celebrate at a Michelin-starred restaurant by the Managing Director. Should he accept?

Nigel, a sole practitioner, has been offered a contract to undertake some taxation work for a new client. He worked as a junior on a similar transaction several years earlier when seconded to his former employer’s tax department but has not since done any tax work. What would be the best course of action?

Which would be the measure of last resort in resolving an ethical dilemma?

You are a CGMA member and have been asked to report on an important transaction at the next board meeting. The information you need is supplied with only three days to prepare the report. You raise the concern that this is insufficient time to do the work properly but are rebuked that if you can’t cope there will be no need for your services on any large deals in the future. Which of the following statements is correct?

In trying to solve an ethical dilemma your course of action should be:

Which of the following would not constitute a conflict of interest?

If the professional duty conflicts with the statutory duty of a professional accountant, which takes precedence?

Select a possible risks to the accounting profession if unethical behaviour becomes widespread.

Select a possible risks to the accounting profession if unethical behaviour becomes widespread.

Legal and disciplinary frameworks provide all of the following except which one?

Which of the following statements is incorrect regarding Financial Reporting Council (FRC)?

The following are four of ‘the seven principles of public life’ issued by the Committee of Standards in Public Life, and a brief explanation. Which explanation does not match with the principle?

Knowledge, skills, diligent delivery, awareness of relevant issues etc are most related to the fundamental principle of ***** in CGMA’s Code of Ethics

Which of the following statements is incorrect?

In whose interest should a professional accountant primarily act?

An accountant who acts with honesty and straightforwardness, bringing no discredit on the profession, is displaying which of the following is a fundamental principle?

An accountant who acts with honesty and straightforwardness, bringing no discredit on the profession, is displaying which of the following is a fundamental principle?

Which of the following statements is correct?

Rex, a CGMA Member, is facing the following ethical dilemma. Rex’s wife has just got a job as Managing Director of a successful organisation. The role rewards her with a great remuneration package. The company also happens to be one of Rex’s biggest clients. Which statement is correct?

Which of the following is a Fundamental Principles of the CGMA Code of Ethics professional accountants are supposed to call upon to resolve ethical conflicts?

The professional quality of ***** is described by the following definition. Being accountable for one’s actions and decisions.

Sadhika is a management accountant working in the finance department of AB Ltd. She went on secondment to the production department for 3 months to help them with their budgeting process. Sadhika returned from her secondment and is now back in the finance department. She has been tasked with approving the budgets submitted from the various departments within the company. She has found a large error within the budget from the production department which she helped to compile. Which of the following threats to objectivity is Sadhika exposed to?

An organisation has its own code of ethical behaviour which aims to ensure it operates within the letter of the law. There is no discretion for employees in any given situation, and inspections are often carried out to observe that the minimum standards set out in the code are met. Which of the following most accurately describes the approach taken by this code?

What is the definition of ethics?

What is the definition of code of ethics?

The CGMA code of Ethics is based on the code of ethics for professional accountants published by which entity?

What is the name of the entity, That represents all major accountancy bodies in the world?

What is the acronym for the fundamental principles of the code?

What does the C represent in the fundamental principles of the code?

What does the I represent in the fundamental principles of the code?

What does the first P represent in the fundamental principles of the code?

What does the o represent in the fundamental principles of the code?

What does the second P represent in the fundamental principles of the code?

What is the acronym for personal qualities required by an accountant?

What does the C represents in the personal qualities required of an accountant?

What does the T represent in the personal qualities required of an accountant?

What does the first R represent in the personal qualities requires of an accountant?

What does the second R stand for in the personal qualities required of an accountant?

What does the last R represent in the personal qualities requires of an accountant?

What is the acronym for the professional qualities required of an accountant?

What does the first S represents in the professional qualities required of an accountant?

What does the A represent in the professional qualities required of an accountant?

What does the second S represent in the professional qualities required of an accountant?

What does the I represent in the professional qualities required of an accountant?

What is the acronym for the development cycle?

What does the first D represent in the development cycle?

What does the first a represent in the development cycle?

What does the second D represent in the development cycle?

What does the second a represent in the development cycle?

What does the R represents in the development cycle?

What is the e represent in the development cycle?

How long should you keep records of your CPD?

What is the name of the UK's professional oversight board for the accounting, audit and actuarial professions?

What is the acronym for the principles of public life, also known as the Nolan principles?

What does the L represent in the 7 principles of public life, also known as the nolan principles?

What does the I represent in the 7 principles of public life, also known as the nolan principles?

What does the S represent in the 7 principles of public life, also known as the nolan principles?

What does the A represent in the 7 principles of public life, also known as the nolan principles?

What does the H represent in the 7 principles of public life, also known as the nolan principles?

What does the first O represent in the 7 principles of public life, also known as the nolan principles?

What does the second O represent in the 7 principles of public life, also known as the nolan principles?

What type of ethics stance focuses on the consequences Any action might have?

What ethic stance measures the quality of the outcome in terms of the greatest happiness for the greatest number? I.e. What's best for the majority?

Which ethical stance states that an act is ethically justified if any decision is based on the needs or interests of the individual making the decision(either in the short term of the long term) what's best for me?

Which ethical stance relates to the concept that there are relative rights and relative wrongs rather than absolutes ?

Which ethical stance suggests there are fixed rights and wrongs which are unvarying?

Which ethical stance relates the idea that there are several values which may be equally correct and fundamental yet in conflict with each other?

Which ethical stance holds that the virtues such as justice and generosity enables us to act in a way that benefits both person possessing them and the person's society?

Which ethical stance holds that humans are rational and have the duty to respect of the rational beings?

Having shares in a company you are auditing is what type of threat compliance?

Preparing and auditing the same set of financial statements is what type of threat to compliance?

Remaining with a supplier company because you introduced it to your employer originally is what type of threat to compliance?

Appointing a family member as a manager, even though they are not suitably qualified is what type of threat to compliance?

Giving way to a clients or employer threatening you with the sack so as to prevent you from acting ethically is what type of threat to compliance?