During module 1, students prepared responses to the Tough Choices case. This case discussed a number of ethical dilemmas and fraud. The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice guides IMA members on ethical compliance. The four standards of the statement include and credibility. (Any order is fine on word1, word2, word3). Additionally, fraud within the organization can be minimized by reducing the component of the fraud triangle three components. The most effective way to reduce this area is by implementing effective internal