The Institute of Management Accountants' Statement of Ethical Professional Practice

question 50

Multiple Choice

The Institute of Management Accountants' Statement of Ethical Professional Practice for management accountants includes the elements of:

• A)Competence, confidentiality, integrity, and relevance.
• B)Competence, confidentiality, integrity, and credibility.
• C)Competence, confidentiality, independence, and objectivity.
• D)Competence, accuracy, integrity, and independence.

---

Definitions:

Social Return

A measure of the non-financial impact a project or organization has on society, often assessed in terms of social, environmental, and economic outcomes.

Resource Intensive

Describes processes, projects, or activities that require a large amount of resources, such as time, money, or labor, to be completed successfully.

Intangible Information

Data or knowledge that cannot be physically touched or quantified easily, often related to intellectual property, brand value, or organizational culture.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.