Robert Jelly, director of education, said CIMA was ‘giving serious consideration’ to replacing its law paper at foundation stage with an ethics and regulation paper.
He told Accountancy Age the course would be broad-based because it was at a basic level.
‘It will include an exposure to professional ethics standards and then case studies and practical scenario-based questions.’
Issues included in the paper would include ‘areas in accounting likely to be subject to ethical debate,’ including the overstatement of profits, an issue recently faced by the CEO of American television cable giant Adelphia Communications John Rigas (left), who was last week arrested over fraud allegations.
The paper will also include some ethics law that is already part of the existing paper.The paper is expected to come on stream in 2004.