Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter if he/she:
A)Believes there is a clear violation of the law.
B)Contacts his/her immediate superior who says to forget about the matter.
C)Informs the external auditors who tell him/her to inform the appropriate authorities.
D)Believes there has been an ethical violation.

Question

Quizplus · Accepted Answer

The IMA's standards allow for external reporting if there is a clear violation of the law, as it may be necessary to prevent harm or illegal activity.

Under the IMA's Standards of Ethical Practice, an Accounting Professional