Code of ethics

CIMA Code of Ethics 2015

CIMA has updated the Code of Ethics for Professional Accountants, along with Annex 1 (section 290 and 291). In order to ensure that it remains relevant and reflects the changing dynamics and pressures of the profession, the Code has been reviewed and some sections updated. The changes will be introduced with effect from 1 January 2015, after which it will be available to view online and download. Until then, see the 'Summary of changes' and 'Updated sections to the Code' documents for guidance to the updates.

As chartered management accountants, CIMA members (and registered students) throughout the world have a duty to observe the highest standards of conduct and integrity, and to uphold the good standing and reputation of the profession.

They must also refrain from any conduct which might discredit the profession. Members and registered students must have regard to these guidelines irrespective of their field of activity, of their contract of employment or of any other professional memberships they may hold.

Use the ethics checklist to guide you through an ethical dilemma.

CIMA upholds the aims and principles of equal opportunities and fundamental human rights worldwide, including the handling of personal information.

The Institute promotes the highest ethical and business standards, and encourages its members to be good and responsible professionals. Good ethical behaviour may be above that required by the law.

In a highly competitive, complex business world, it is essential that CIMA members sustain their integrity and remember the trust and confidence which is placed on them by whoever relies on their objectivity and professionalism. Members must avoid actions or situations which are inconsistent with their professional obligations. They should also be guided not merely by the terms but by the spirit of this code.

CIMA members should conduct themselves with courtesy and consideration towards all with whom they have professional dealings and should not behave in a manner which could be considered offensive or discriminatory.

To ensure that CIMA members protect the good standing and reputation of the profession, they must report the fact to the Institute if they are convicted or disqualified from acting as an officer of a company or if they are subject to any sanction resulting from disciplinary action taken by any other body or authority.

CIMA has adopted a code of ethics (PDF 1MB). This code is based on the IFAC* code of ethics, which was developed with the help of input from CIMA and the global accountancy profession.

If a member cannot resolve an ethical issue by following this code by consulting the ethics information on CIMA’s website or by seeking guidance from CIMA’s ethics helpline, he or she should seek legal advice as to both his or her legal rights and any obligations he or she may have. The CIMA charter, byelaws and regulations give definitive rules on many matters.  


*International Federation of Accountants. The CIMA code of ethics is based on the IFAC handbook of the code of ethics for professional accountants, of the International Ethics Standards Board of Accountants (IESBA), published by IFAC in April 2010 and is used with permission by IFAC.