Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the? IMA's Statement of Ethical Professional Practice ?, management accountants should follow four? standards: competence,? confidentiality, integrity, and credibility. Each of these standards

According to the? IMA's Statement of Ethical Professional Practice?, management accountants should follow four? standards: competence,? confidentiality, integrity, and credibility. Each of these standards contains specific responsibilities. Classify each of the following responsibilities according to the standard it addresses

image text in transcribed

image text in transcribed

*ACTG-131-HYA-OLH-OM ??Take a rkinna M 9 Chegg Study I Guided Sc x \M Inbox (18)-mm cconic@ KCSecure https://www.mathxl.com/Student/PlayerTest.aspx?testld-174630544 Test Ma According to the IMA's Statement or Enivcal Proressionsi Practce, management accoumtants should tollow tour siandaros competence, contdentiaity, integnty, and credonty. Each ot thase siandaros contains spechc respons blibes Classity each of the tellowing resoonsbibes accorcing to 1Maintain an appropnate level of protessional expertige by continualy developing knowiedga and solls. 2. Recogrize and communicae profeseicnal lmitatione that would preclude Cretibilily responsible judgment or successtul pertomance ot an acbmity 3 Discouse al releaaliurn lhal could reasusably be exected lo inluence an intended user's understandirg of the reports, analyses, or recommendations 4 Disclose dalays or dehciencies in information, timeliness, processing or intemal contrels in conformance with organizalion policy andior appicable law. Perfarm prafessional dutirs in acredance with relevant lawsregatians, and echnical sardars 6 Anstain fram angaging in or supporting any achivity that might discredit theL 7. Rerain from engaging in any conduct that would prejudice canyng out dules 8. Prvide decision support informalird recurens Ual ae aurate, clrar, conrise, and timcly 9. Keep Intomabon contidental except when disclosure is authonzed or legaily requirod 10. Commurirzate infiarmation fairly and abirctivey 11. Refrain from using confidential infarmation far urethical ar llegal advantage 12. Intomm all relevant parties reparding the appropriate use ot contdenal namalion Monilur suburirkales acivilies esure e. 13. Miate actual conflicts of interest. Regulary communicate with business associates to avoid apparent contlicts ot intarest Adise all parties ot any potential conlicts. x 441 PM 5/23/2018 Type here to search n

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing Measuring Inputs, Outputs, And Outcomes

Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring

3rd Edition

0894139762, 9780894139765

More Books

Students also viewed these Accounting questions