Which TWO of the following options describe safeguards that the CIMA Code of Ethics states may eliminate or reduce threats to compliance with fundamental principles to an acceptable level?

• A.Safeguards created by the Financial Reporting Council
• B.Safeguards in the work environment
• C.Safeguards created by the profession, legislation or regulation
• D.Safeguards in the governance environment

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Advocacy threats to compliance with fundamental principles are described as threats that may occur

• A.as a result of the financial or other interests of a professional accountant or of an immediate or close family member
• B.when a professional accountant promotes a position or opinion to the point that subsequent objectivity may be compromised
• C.when, because of a close relationship, a professional accountant becomes too sympathetic to the interests of others
• D.when a previous judgment needs to be re-evaluated by the professional accountant responsible for that judgment

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Jo is employed as management accountant of a large retailer. Jo has been asked to dismiss one of her colleagues for 'misconduct', but she is aware that the colleague has done nothing wrong and that her employer is trying to avoid paying any redundancy settlement. If Jo accepts the request, which of the following 'fundamental principles' of CIMA's Code of Ethics will be compromised?

• A.Integrity
• B.Objectivity
• C.Confidentiality
• D.Professional behavior

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In which of the following situations has a contract of employment arisen?

• A.A verbal offer of work is made to P at a given pay rate per hour for specified services The offer is not accepted by P either verbally or in writing but P turns up for work and performs the duties identified in the offer.
• B.A verbal offer of work is made to S for the possibility of duties at a specified pay rate but the employer makes it explicit that, as the need for the services is not yet certain S is free to work elsewhere
• C.A written offer of work is made to R which specifies the services required but omits the pay rate for the job. This is not accepted by R either in writing or verbally and R does not turn up for work
• D.A verbal offer of work is made to Q at a given pay rate for specified services. The offer is not accepted by Q either verbally or in writing and Q does not turn up for work

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Which ONE of the following might NOT be the consequence of unethical behavior by a professional body?

• A.Systematic widespread fraud
• B.Undermined credibility
• C.Loss of Chartered Institute status
• D.Loss of reputation

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