The management accountant's responsibility under the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice includes the responsibility to &qu…

Question

The management accountant's responsibility under the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice includes the responsibility to "mitigate actual conflicts of interest." This responsibility fits within which of the four standards in the IMA Statement?

A) Communication.
B) Integrity.
C) Honesty.
D) Quality.
E) Confidentiality.

Answer 1

B) Integrity.

Step-by-step explanation:

The Institute of Management Accountants is body, they are regarded as association for financial professionals and they were recognized globally.

The Four standards that is Been set up as ethical conduct in management accountants in IMA are;

✓competence

✓ confidentiality

✓integrity

✓credibility

Integrity which is one of the standards is essential, it involves the accountant been honest and be forthright when handling financial information of clients.