As a Certified Management Accountant,Grace is bound by the standards of ethical conduct issued by the Institute of Management Accountants.If she accepts an expensive gift from a vendor trying to win a contract with her firm,which of the following standards will she violate?
A) Integrity
B) Confidentiality
C) Competence
D) Objectivity

Question

Quizplus · Accepted Answer

Grace would violate the integrity standard by accepting an expensive gift from a vendor trying to win a contract with her firm. The integrity standard requires CMAs to maintain the highest standards of ethical conduct and to avoid any conflict of interest. Accepting a gift from a vendor could create a conflict of interest and could impair Grace's ability to make objective decisions in the best interests of her firm.

As a Certified Management Accountant,Grace Is Bound by the Standards