The role of professional bodies in establishing and enforcing codes of conduct: Consultative Committee of Accountancy Bodies (CCAB), Chartered Institute of Management Accountants (CIMA)
Professional bodies like CCAB and CIMA write codes of conduct that tell accountants how to behave ethically. They also enforce those rules and can discipline members who break them.
Real World
When KPMG partners were found to have cheated on internal ethics exams in 2019, the AICPA (the US equivalent of CCAB bodies) launched disciplinary proceedings — demonstrating how professional bodies enforce codes even against major firms.
Exam Focus
Distinguish CCAB (umbrella coordinator) from CIMA (examines/trains management accountants) — conflating them loses marks.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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