Risk management

  • Question
    28/05/2009 - 1:15pm

    Question asked by:

    Deirdre - view profile

    Last night CIMA student Howard Ebison became the latest of the remaining six candidates in the (UK) BBC TV series The Apprentice to be fired.

    The 12-week competition sets the candidates through a gruelling series of tasks and the first prize is the job of Sir Alan Sugar's apprentice, with a six figure salary.

  • Blog Entry
    06/10/2014 - 3:42pm

    In the October issue of CIMA's newsletter Ethical Lens we highlight a recent briefing note from Clifford Chance on organisations that have decided not to do business in certain high risk areas or industries due to corruption.

  • Blog Entry
    09/09/2014 - 2:09pm

    Douglas Flint, FCMA, Group Finance Director at HSBC, spoke at the Institute of Business Ethics' summer event about the future of banking. He provided fascinating insight into the many dilemmas around responsible banking, and the sometimes unrealistic expectations of customers on the banking system (summary to follow on the IBE website).

    In the end, is the customer always right? And what is the role of the finance professional - whether a banker or accountant?

  • Blog Entry
    10/07/2014 - 11:37am

    Whilst there's been a lot of talk about Rebekah Brooks since the outcomes of the News Corp trial were reported on, another very interesting angle is the talk of possible corporate charges for News Corp.

  • Blog Entry
    06/05/2014 - 3:37pm

    Countdown has begun to the next CIMA examination diet.  How prepared are you in regard to the Code of Ethics and applying ethical thinking?   Being familar with the Code and how you apply it is an integral part of both studying and practicing as a management accountant.  Through the syllabus questions will arise on how you apply your understanding of the Code as well as your understanding of financial regulations and the law. 

  • Blog Entry
    13/01/2014 - 10:06am

    There's no dilemma about ethics because, as  highlighted in a previous blog and an article in April 2013 Velocity, failure to understand and/or address the ethical issues which are integral in all T4 cases is a "very dangerous strategy" which will lose you marks in the exam (T4 case writer feedback).

  • Blog Entry
    20/08/2013 - 2:43pm

    Hello all,

    In this month’s Velocity, it’s time to enter for the November 2013 exams and progress your career further. We also have some great tips for getting started with your studying.

  • Blog Entry
    13/05/2013 - 10:31am

    With the May exams looming, are you clear on how to apply an ethical framework to the questions posed? Ethical issues are threaded throughout all stages of CIMA exams (below) and you will need to be able to show you would analyse the situation appropriately and respond.

    Graph showing ethics in CIMA exams

    Being guided through the CIMA code of ethics is key and there are a number of resources available to help you think through how to do the right thing.

  • Blog Entry
    03/12/2012 - 11:36am

    I recently was at an United Nations Global Compact meeting
    with a focus on supply chain issues.   Reflecting the growing importance of supply chain gobally the event was standing room only.  One of the participants, involved in procurement for a high value global brand, sought to ascertain the credentials of the factories they were using in China   Each of the 20 factories had been fully audited.  The system showed that. 

  • Blog Entry
    02/11/2012 - 3:21pm

    Will you be able to evidence integrity in your exams?   Fact or Fiction is a new report compiling discussions from four markets in Europe, Asia and Africa outlining the skills needed to be a successful business partner.   As finance partners more frequently with different functional units it is important to re-affirm independence and objectivity. 

  • Blog Entry
    23/08/2012 - 10:58am

    With P3 resit papers around the corner how comfortable are you with your ethical performance.  Are you going for gold or are you likely to be in the dark side of the grey zone, feeling shame alongside those from recent corporate scandals for not acting in the public interest.

    There are lots of resources to help you do the right thing in your exams, and the right thing professionally.

  • Blog Entry
    02/08/2012 - 3:06pm

    This week’s news headlines are full of Olympics glory.  It is a relief to have front pages celebrating the achievements of the world’s finest athletes, instead of unpicking the latest scandal arising from corporate misdemeanours. 

  • Blog Entry
    27/06/2012 - 1:09pm
     The launch of the CGMA report, Managing responsible business – a global survey on business ethics took place in Malaysia back in May.
  • Blog Entry
    27/06/2012 - 11:06am

    Here’s a thing.  You might have noticed the story about a computer systems failure at Royal Bank of Scotland (RBS) over the last week or so which has left millions of customers without access to their bank accounts.  RBS is now considering legal action against its technology suppliers.

  • Blog Entry
    24/05/2012 - 10:39am

    In the week we launched the CGMA ethics theme I attended a lecture at St Paul’s Cathedral  given by the eminent professor of government at Harvard University, Michael Sandel on the moral limits of the market.  The “congregation” was at full capacity at nearly 1800.

  • Blog Entry
    16/04/2012 - 3:18pm

    Attended a very interesting conference a couple of weeks ago, hosted by Tomorrow’s Company’s Good Governance Forum, of which CIMA is a member.  The theme was Boardrooms and strategic risk – how to avoid ruin and build long-term value.

  • Blog Entry
    10/04/2012 - 9:24am

    Follow the trials and tribulations of Tony Scales and his team at Miralux in this new weekly e-drama. Bookmark this blog and catch up with episodes every two weeks.

    In this episode, James Turner’s projects come in on budget and win environmental prizes. Surely that should keep the low-carbon campaigners smiling? However, it doesn’t help when James’ opponent happens to be his own sustainability manager, Tallulah. And he’s never sure whose side Cameron, the CFO is on either…

  • Blog Entry
    10/04/2012 - 9:02am

    When was the last time you faced an ethical dilemma at work? And what did you do about it? As a CIMA member or student you are obliged to take action. To do so you should ensure you are familiar with the Code of Ethics, which helps guides you to do the right thing.

  • Blog Entry
    26/03/2012 - 9:33am

    Follow the trials and tribulations of Tony Scales and his team at Miralux in this new weekly e-drama. Bookmark this blog and catch up with episodes each Monday.

    Does Tony Scales, the new CEO of the Miralux Corporation, believe his own rhetoric s about ethics, the environment and the company’s hard line against corruption and fraud? Is he sincere or just the master of corporate rhetoric?

  • Blog Entry
    20/03/2012 - 1:45pm

    Is Tony Scales winning the war on fraud and corruption at Miralux? Is he deeply committed to a greener planet? Or is Tony, like many chief executives, caught in the trap of his own rhetoric? Find out in ‘Words in Action’, a new edrama series.

    ‘Words in Action’ – where rhetoric and reality collide! Learn about fighting fraud and corruption, and what real commitment to sustainability is.