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 that remains unresolved 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

Under the IMA's standards, an accounting professional may consider informing external authorities if there is a clear violation of the law, as this may have legal implications that go beyond internal resolution.

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