For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility.) Refer to Exhibit 1-7 for the complete standard.

a. Aidan, an accountant for a smartphone manufacturer, told his friends about a new model of smartphone being released by the company in the following quarter. For competitive reasons, the company keeps its models shrouded in secrecy until the release date.

b. The CFO directed that certain expenses be reclassified as assets so that target profit could be achieved. The CFO rationalized that jobs would be saved by reaching the targeted income figures.

c. Even though Meagan’s company is adopting a new ERP system that impacts the accounting system, Meagan (a management accountant) has not completed the required ERP training from the vendor.

d. Mateo provides an analysis of the profitability of a company-owned store that is managed by Mateo’s best friend, Akeno. Mateo neglects to include allocated fixed costs in Akeno’s report. If Mateo includes those allocated fixed costs, the store will show a loss, and Akeno’s job could be in danger.

e. Yimeng, a purchasing agent for their company, received two tickets from a supplier to the upcoming Ohio State versus University of Michigan football game. These tickets sell for over \($500\) each.

Data From Exhibit 1-7:-

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EXHIBIT 1-7 Members of IMA shall behave ethically. A commitment to ethical professional practice includes overarching principles that express our values and standards that guide our conduct. Principles IMA's overarching ethical principles include: Honesty, Fairness, Objectivity, and Responsibility. Members shall act in accordance with these principles and shall encourage others within their organizations to adhere to them. Standards IMA members have a responsibility to comply with and uphold the standards of Competence, Confidentiality, Integrity, and Credibility. Failure to comply may result in disciplinary action. I. Competence 1. Maintain an appropriate level of professional leadership and expertise by enhancing knowledge and skills. 2. Perform professional duties in accordance with relevant laws, regulations, and technical standards. 3. Provide decision support information and recommendations that are accurate, clear, concise, and timely. Recognize and help manage risk. II. Confidentiality 1. Keep information confidential except when disclosure is authorized or legally required. 2. Inform all relevant parties regarding appropriate use of confidential information. Monitor to ensure compliance. 3. Refrain from using confidential information for unethical or illegal advantage.