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). Review the IMA Statement of Ethical Professional Practice. Primary Standard Situation Violated Seth is the controller for a small manufacturer. He mentions to a close friend that his company is going to start offshoring production to decrease labor costs. Tiffany is a management accountant at a large electronics firm. She is instructed to prepare an analysis of the performance of an underperforming company division. Since Tiffany is afraid that many employees could lose their jobs if that division appears to be underperforming, Tiffany underestimates the amount of expenses generated by that division. Tiffany hopes that the division is not discontinued. Adam Advertising Agency is looking at whether to continue to do its own payroll in-house or to outsource it to a payroll firm (a classic "make-or-buy" decision). Rosa, an accountant at Adam, does not tell management that the payroll firm bidding on the work is owned and managed by her mother. Danthea, a CPA and a CMA, makes a You Tube video bragging about loopholes she has found to avoid taxes. These loopholes are questionable at best. Brendan does not know how to categorize fixed costs as unavoidable or avoidable, so he guesses on the categorization of each fixed cost.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). Review the IMA Statement of Ethical Professional Practice. Primary Standard Situation Violated Seth is the controller for a small manufacturer. He mentions to a close friend that his company is going to start offshoring production to decrease labor costs. Tiffany is a management accountant at a large electronics firm. She is instructed to prepare an analysis of the performance of an underperforming company division. Sinc Tiffany is afraid that many employees could lose their jobs if that division appears to b underperforming, Tiffany underestimates the amount of expenses generated by that Competence division. Tiffany hopes that the division is not discontinued. Adam Advertising Agency is looking at whether to continue to do its own payroll in-ho Confidentiality or to outsource it to a payroll firm (a classic "make-or-buy" decision). Rosa, an account at Adam, does not tell management that the payroll firm bidding on the work is owned Credibility managed by her mother. Danthea, a CPA and a CMA, makes a You Tube video bragging about loopholes she has Integrity found to avoid taxes. These loopholes are questionable at best. Brendan does not know how to categorize fixed costs as unavoidable or avoidable, so he guesses on the categorization of each fixed cost