Question

The IMA's Statement of Ethical Professional Practice provides codes of conduct with regard to ________.

1) competence, confidentiality, assurance, and credibility.
2) confidentiality, integrity, credibility, and responsibility.
3)omprehension, competence, integrity, and credibility.
4) competence, confidentiality, integrity, and credibility.

Answer 1

The IMA's Statement of Ethical Professional Practice relates to competence, confidentiality, integrity, and credibility, which are crucial for ethical conduct in management accounting.

Step-by-step explanation:

The IMA's Statement of Ethical Professional Practice provides codes of conduct with regard to competence, confidentiality, integrity, and credibility. These principles are essential in guiding the professional behavior of individuals within the field of management accounting and serve as a framework to ensure ethical decisions in various situations. Specific aspects such as maintaining professional competence, ensuring confidentiality of information, acting with integrity to avoid conflicts of interest or unethical behavior, and providing decision support information that is accurate and credible are foundational to upholding the values set by the IMA's code.