An Example of the IMA's Competence Standard Is To

question 55

Multiple Choice

An example of the IMA's competence standard is to:

• A)abstain from engaging in or supporting any activity that might discredit the profession.
• B)communicate information fairly and objectively.
• C)keep information confidential,except when disclosure is legally required.
• D)provide decision support that is accurate,clear,concise and timely.

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Definitions:

Internal User

Refers to individuals within an organization who use financial information to make decisions, including managers and employees.

Accounting Information

Financial data and reports derived from accounting practices, used by stakeholders to make informed decisions regarding a company or entity.

Financial Reporting

The method of generating reports that reveal a company's financial condition to its management, investors, and governmental bodies.

Highly Transparent

Refers to an environment, system, or organization where there is easy access to complete information, thereby facilitating openness and communication.