The IMA Suggests That, When Faced with an Ethical Dilemma

question 92

True/False

The IMA suggests that, when faced with an ethical dilemma, the first thing management accountants should do is call the IMA's ethics hotline to report the unethical behavior.

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Definitions:

Registration

The act of recording something, such as a company's securities, with a regulatory authority to ensure compliance with applicable rules.

Securities

Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by an option.

Forms

Documents with a prescribed format used for processing information relevant to business transactions, applications, surveys, or registrations.

Small Reporting Company

A designation by the SEC for smaller public companies that allows them to comply with less stringent financial reporting and disclosure requirements.