The Institute of Management Accountants' Code of Ethics
A)is a legally enforceable contract with all management accountants.
B)should be viewed as a goal for professional behavior.
C)is a legally enforceable contract with all CPAs.
D)provides ways to measure departures from ethical behavior.

Question

Quizplus · Accepted Answer

The Institute of Management Accountants' Code of Ethics is not a legally enforceable contract, but rather a set of guidelines for ethical behavior that should be viewed as a goal for professional behavior. It does not provide ways to measure departures from ethical behavior, but rather outlines principles and standards for ethical conduct.