Tom Is the New Accounting Supervisor at Maryland Distributors

question 80

Multiple Choice

Tom is the new accounting supervisor at Maryland Distributors. Tom requires all accountants to join the IMA and Tom expects all accountants to commit to ethical professional practice. Tom is asked to review the previous quarter audit reports that were completed by the CPA firm. Tom reviews the reports and he discovers that an accountant in the sales division did not participate in continuing education as required. According to the IMA Statement of Ethical Professional Practice, which of the following did the accountant violate when the accountant did not participate in continuing education requirements?

• A)Competence
• B)Confidentiality
• C)Integrity
• D)Credibility
• E)Leadership

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Definitions:

Diagnosis

The identification of the nature and cause of a certain phenomenon, typically in the context of medical conditions through the assessment of symptoms and diagnostic tests.

Economic Cost

Economic cost refers to the total expenses incurred in the production of a good or service, including both explicit (monetary payments) and implicit (opportunity costs) components.

Billions

A numerical value representing one thousand million (1,000,000,000) or, in the British system, one million million (1,000,000,000,000).

Inpatient Program

A medical care plan that requires a patient to be admitted to a hospital or clinic for treatment that cannot be provided on an outpatient basis.