The management accountant's responsibility under the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice includes the responsibility to "mitigate actual conflicts of interest." This responsibility fits within which of the four standards in the IMA Statement?
A)Communication.
B)Integrity.
C)Honesty.
D)Quality.
E)Confidentiality.

Question

Quizplus · Accepted Answer

The responsibility to "mitigate actual conflicts of interest" falls within the Integrity standard of the IMA Statement of Ethical Professional Practice. This standard requires that management accountants maintain honesty and integrity in performing their professional responsibilities, and that they refrain from engaging in any conduct that would prejudice carrying out their duties ethically.

The Management Accountant's Responsibility Under the Institute of Management Accountants