The Association ior Accountaats and Financial Professionals ma in Busineas IMA STATEMENT OF ETHICAL PROFESSIONAL PRACTICE Members of IMA shail 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 A member's failure to comply with the following standards may result in disciplinary action. I. COMPETENCE Each member has a responsibility to 1. 2. 3. 4. Maintain an appropriate level of professional expertise by continually developing knowledge and skills Perform professional duties in accordance with relevant laws, regulations, and technical standards. Provide decision support information and recommendations that are accurate, clear, concise, and timely Recognize and communicate professional limitations or other constraints that would preclude responsible judgment or successful performance of an activity II. CONFIDENTIALITY Each member has a responsibility to Keep information confidential except when disclosure is authorized or legally required Inform all relevant parties regarding appropriate use of confidential information. Monitor subordinates' activities to ensure compliance. Refrain from using confidential information for unethical or illegal advantage. 1. 2. 3. III. INTEGRITY Each member has a responsibility to Mitigate actual conflicts of interest, regularly communicate with business associates to avoid apparent conflicts of interest. Advise all parties of any potential conflicts Refrain from engaging in any conduct that would prejudice carrying out duties ethically Abstain from engaging in or supporting any activity that might discredit the profession. 1. 2. 3