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Hot potato.

Document Cited in Related
Vincent
AuthorBarman, Tanya
PositionUpdate

This month's dilemma:

I am a CIMA member in the UK and I resigned from my last position because of my belief that there was fraudulent activity. The MD was invoicing large sums of money from another company for services that had not been provided. I also suspect that another finance manager was involved as he was signing off the invoices and arranging payment. I had questioned this, but was told not to get involved and subsequently resigned. Although I now have another position I am not sure if I should have done something more, or whether I should now.

Our response:

I can see that overall your integrity (Section 110 of the CIMA Code of Ethics) was undermined. Had you still been employed at the company concerned it would have been advisable to raise your concerns formally with management in order to be sure of facts, and to have documented any discussions in that regard.

Having secured as much information as possible you could have considered if there was any course of action to remedy the situation-perhaps escalating it higher, or externally, if there was indeed malpractice (see 100.17-100.22 of the Ethics Code). There may also be an ongoing requirement...

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