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2. Discuss the legal framework for business.

3. What are the major role of international accounting bodies?

4. Narrate briefly the rule based and framework approaches to ethics.

5. Write short notes on independence, skepticism, accountability and social responsibility.

6. Explain the reasons why CIMA and IFAC each have a „Code of Ethics for Professional

Accountants‟.

7. Explain the nature of ethics and its application to business and the accountancy profession.

8. Write down the values & attitudes that are essential for professional accountants.

9. Explain the CIMA Code of Ethics for Professional Accountants/ Ethical Principals/

Principles of Public Life.

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