When a Management Accountant Attends Training Seminars on New FASB

question 143

Multiple Choice

When a management accountant attends training seminars on new FASB rules, which part of the IMA Code of Conduct is being observed?

• A)competence
• B)confidentiality
• C)integrity
• D)credibility

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Definitions:

Judicial Activism

The practice where judges make rulings based on personal or political considerations rather than on existing law, often leading to decisions that enact new policies.

Judicial Restraint

A philosophy where judges play a minimal policymaking role, interpreting the Constitution and laws strictly and deferring to the legislative and executive branches.

Certiorari Pool

A system used by the Supreme Court justices to review petitions for writs of certiorari, where law clerks screen cases and recommend whether they should be heard.

Supreme Court Law Clerks

Highly qualified young attorneys who assist Supreme Court Justices by conducting legal research, drafting opinions, and performing various clerical tasks.