Final answer:
Codes of ethics from organizations such as the IMA, AICPA, and IIA are mandatory and play a fundamental role in upholding professional and ethical standards in business practices. The correct answer is option: a. Must be followed strictly.
Step-by-step explanation:
The codes of ethics developed by the IMA, AICPA, and IIA must be followed strictly as they provide a framework for professional conduct and ensure high standards within the profession. These codes are not merely optional guidelines; they are integral to maintaining ethical practices, public trust, and the credibility of the profession.
For example, the IEEE-CS adopted the Software Engineering Code of Ethics and Professional Practice to ensure that software engineers work to the highest professional standards without compromising safety, privacy, or the environment.
The importance of such codes extends beyond individual organizations, as adherence is often a prerequisite for becoming a qualified member of these professional bodies. Therefore, these ethical standards are crucial for maintaining corporate responsibility and professional integrity.