Part one The collapse of Enron in 2001 had huge effects on accounting rules and regulations with an increased focus on ethical behavior. To help guide accounting professionals through ethical dilemmas, the Institute of Management Accountants (IMA) has established a Statement of Ethical Professional Practice (this statement can be found on the IMA's website www.imanet.org). The IMA specifies four standards (competence, confidentiality, integrity, and credibility) as well as guidelines on how to resolve ethical conflicts. 1. What steps does the IMA recommend for resolving ethical conflicts? 2. List three other professional organizations that offer guidance regarding ethical issues in accounting. Describe briefly (a sentence or two) the type of guidance offered