The Chartered Institute of Management Accountants (CIMA), has updated its Code of Ethics to “better help finance professionals deal with ethics and independence challenges”.
Launched to wrap-up the institute’s month-long campaign exploring ethics in the age of digital transformation, the updated Code will come into force on 1 January 2020.
The new code is set to build on the “core principles and ethics of the management accounting profession and ensure that finance professionals are equipped with the tools and resources they need to safeguard the accounting profession and public interest as they enter the 2020s.”
Andrew Harding, chief executive of management, said: “As trusted strategic advisors, management accountants use their skills and competencies to combine financial and non-financial data, translate this information into meaningful and actionable business insights that enable business leaders to make better decisions.
“This includes a responsibility to act ethically, foster ethical management processes and a duty to act in the public interest.”
He added: “The introduction of the updated code reinforces those values and supports all members to face the professional challenges of our digital world.”