The Chartered Institute of Management Accountants (CIMA) has produced an ethical scenario tool to show professionals how to “do the right thing” and comply with ethical standards.
The new interactive tool helps support and guide business people through ethical decision-making situations.
It takes the user through a series of challenges in areas such as conflict of interest, the supply chain, bribery and data protection, and then tells you the issues to consider and the outcome of your decision.
Its release follows a recent Chartered Global Management Accountant (CGMA) survey which revealed nearly 25% of respondents worked for an organisation that had suffered from a serious reputational failure.
This rose to more than a third in the UK, which has seen a series of corporate crises in recent months ranging from Libor to tax avoidance and meat scandals.
The research also highlighted that one in three finance professionals around the world have faced pressure to act unethically.
Tanya Barman, CIMA’s head of ethics, said...