This checklist is designed to provide organisations and individuals with an overview of how well ethical practices are embedded in the business. With the importance of ethics and non-financial reporting rising on the global agenda, organisations not only need to be managing their business responsibly, but increasingly, they are being required to demonstrate it too.
Questions cover areas such as ethical statements and codes of conduct, training, collection of ethical data and reporting of ethical issues, and support when faced with ethical dilemmas.
The increase in non-financial information and the value of integrated reporting is being recognised by leading companies as a key contributor to not only assessing a company’s position in the present, but how it is positioned for the future. Gathering and understanding ethical performance information, together with upholding ethical conduct through effective governance across a range of business activities, is central to this.
With the backing of a strong ethical culture, Chartered Global Management Accountants (CGMA designation holders) can be highly effective in playing what we believe is a key role - drawing on both their training and understanding of professional ethics, as well as their skills in obtaining, analysing and acting upon management information - to guide their organisations to long-term sustainability and success.
The AICPA and CIMA require their members to follow codes of ethics to ensure that the work they do on behalf of organisations and the public is of the utmost integrity. You can view each organisation’s ethical standards here:
AICPA's code of conduct
CIMA's code of ethics