CIMA Is

question 6

Multiple Choice

CIMA is

• A)generally not involved in ethical issues.
• B)not involved in transfer pricing issues.
• C)recommends that accountants focus on short term performance.
• D)responsible for monitoring and enforcing professional ethics.

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Definitions:

CFO

Chief Financial Officer, a senior executive responsible for managing the financial actions of a company.

Auditing Firms

Companies specializing in examining and evaluating the accuracy of financial records and statements of a corporation or entity.

Financial Assets

Assets that derive value from a contractual promise or ownership right, including stocks, bonds, derivatives, and bank balances.

Consumption Timing

The decision-making process regarding when to spend money on goods and services, balancing current consumption against future needs.