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:

Ethics Audit

An ethics audit is a systematic evaluation of an organization's ethical policies, practices, and culture to ensure alignment with desired ethical standards and compliance with regulations.

Corporate Social Responsibility

Corporate social responsibility is a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Contamination

The presence or introduction of harmful or undesired substances, making something impure or unsuitable for use.

Lax Regulation

Refers to regulatory policies that are not strict or rigorous, often leading to lessened supervision over activities.