Karen is a Certified Management Accountant and is bound by the IMA's Standards of Ethical Conduct. Karen works as an accountant for Sam Pharmaceuticals. Karen's friend is the CEO of another pharmaceutical company and has asked Karen to share private accounting information. If Karen agrees to help her friend, she will violate the confidentiality standard.

Question

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As a CMA who is bound by the IMA's Standards of Ethical Conduct, Karen must maintain confidentiality of all financial and business information obtained during the course of her professional work. Sharing confidential accounting information with her friend, who is the CEO of another company, would be a violation of the confidentiality standard.

Karen Is a Certified Management Accountant and Is Bound by the IMA's