Managerial accounting professionals follow a code of ethics. As a member of the Institute of Management Accountants, the managerial accountant must comply with Standards of Ethical Conduct.

Required 1. Identifv. print, and read the Statement ofEthical Professional Practice posted at www.IMAnet.org. (Search using “statement of ethical professional practice and select the Ethics Center and Helpline link. Under Ethical Practices, select Learn More.’’)
2. What four overarching ethical principles underlie the IMA’s statement?
3. Describe the courses of action the IMA recommends in resolving ethical conflicts