Tom is the new accounting supervisor at Maryland Distributors. Tom requires all accountants to join the IMA and Tom expects all accountants to commit to ethical professional practice. Tom is asked to review the previous quarter audit reports that were completed by the CPA firm. Tom reviews the reports and he discovers that an accountant in the sales division did not participate in continuing education as required. According to the IMA Statement of Ethical Professional Practice, which of the following did the accountant violate when the accountant did not participate in continuing education requirements?
A)Competence
B)Confidentiality
C)Integrity
D)Credibility
E)Leadership

Question

Quizplus · Accepted Answer

The accountant violated the IMA's ethical principle of Competence by failing to participate in continuing education requirements. Competence requires that accountants maintain their professional knowledge and skills at a level required to ensure their clients or employer receive competent professional service.

Tom Is the New Accounting Supervisor at Maryland Distributors