The Credibility Standard in the Statement of Ethical Professional Practice

question 43

Multiple Choice

The credibility standard in the Statement of Ethical Professional Practice of the IMA requires that an accounting professional should:

• A) Communicate information fairly and objectively
• B) Disclose all relevant information that might affect the intended user's understanding of the reports, analyses or recommendations
• C) Disclose delays or deficiencies in information, timeliness, processing or internal controls in conformance with organization policy and the law
• D) All of the above

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Definitions:

Self-Management

The ability to manage one's own time, activities, and resources to achieve goals without direct supervision.

Transformational Leadership

A leadership style that inspires change and development in followers through vision, intellectual stimulation, and individualized consideration.

Millennials

A generational cohort born approximately between 1981 and 1996, characterized by their comfort with technology and digital innovation.

Effectiveness

The degree to which objectives are achieved or the extent to which targeted problems are resolved in a timely and resource-efficient manner.