QUESTION: 209

What is the public function of all accountants?

To provide truthful and independent accounts of finances
To give financial judgments to owners and shareholders
To do a job and go home
To represent the life-cycle of accounts

Answer(s): A

J is employed as management accountant of a large retailer. Jo has been invited to take a holiday 'all expenses paid' at a villa owned by the managing director of a supplier organization. If J accepts the invitation, which of the following 'fundamental principles' of CIMA's Code of Ethics will be compromised?

Integrity
Objectivity
Confidentiality
Professional behavior

Answer(s): B

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QUESTION: 211

You work for a chain of restaurants. The head chef of your flagship restaurant raises questions about the inclusion of highly endangered species of fish on the restaurant's menu. Is it an ethical issue and why?

Yes - because it could deny customers the choice of certain types of fish
Yes - because it relates to the environmental issue of overfishing and depletion of fish stocks
No - because it will cost the restaurant money to source alternative produce
No - because business cannot be accountable for environmental issues

Answer(s): B

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