Accountants under pressure to 'fiddle the ethics' say the CIMA

Accountants under pressure to 'fiddle the ethics' say the CIMA

 Local accounting under the pressure of "sloppy ethics." A new report from the Chartered Institute of Management Accountants (CIMA) said a third of finance professionals in Cambridgeshire and across the UK feel pressured to compromise ethical standards.The third edition of "The companies responsible for their reports, which surveyed 2,498 professionals worldwide management, revealed that the proportion of workers based in the UK said pressure transmission has increased from 18% in 2012-30 % by 2015. It is worrying that one in five (21%) of respondents agreed they report concerns regarding unethical behavior are seen as troublemakers management.Commenting on the report's findings, Tanya Barman, director of ethics at CIMA, said: "ethics and profits are not two opposing objectives company responsible and well managed is more likely to survive long term ..
"However, our latest" Responsible reporting companies shows that many financial professionals in Cambridgeshire face pressure to tolerate the bad practices of their colleagues or ethical conduct."The report highlights that we are still struggling to work our way through a crisis of culture within companies, and we have to keep our focus. Our study shows that we can no longer afford to think about the ethical performance business as a matter of compliance. "The report highlights that while most organizations have codes of ethics, only 36% of respondents confirmed that their organizations collect ethical management information (EMI).Despite the increased demand for data on ethical business practices, in particular, the investment community, of which 30% are users of EMI.Tanya said: "A lost reputation can destroy a business overnight to avoid this, organizations in Cambridgeshire need to collect and interpret information about the ethical performance, so the company can tell when you are on the right track and when to about to fall to. cliff."Leaders should also consider the adoption of integrated reporting. - Narrative reports that provide information on areas such as ethics in both management and stakeholders Finally, councils need to keep a close eye on this domain".Respondents in the UK, observed a 12% increase in the pressure to compromise since 2012.Barman added: "Clearly there is a gap in the application to be completed by qualified professionals using methods such as integrated presentation of reports."Management accountants have a unique set of skills that will allow them not only to collect data, but also to analyze and interpret, in particular through integrated reporting, and as such have a crucial role to play in identifying risks and protection of the organization of unethical "practice.Four fifths (80%) of finance professionals said they had a special role in the management of ethical performance, and 78% believe business has a role in solving global problems such as climate change and poverty.The report also highlights the abuse of human rights as a matter of growing concern business, with 68% of respondents believe that it is a matter of importance, compared to 55% in 2008. However, while the Awareness of the issue is growing, many companies fail to implement the relevant processes; for example, only 13% reported having conducted due diligence on human rights when entering into new contracts.