Seria,Inc.has received a bulk order from an overseas client.As a result,the reported earnings of this year are expected to be significantly higher than the estimates of financial analysts.Joshua,an accountant at Seria,tells this to one of his friends.Which of the IMA standards has Joshua violated?
A) objectivity
B) competence
C) confidentiality
D) technicality

Question

Quizplus · Accepted Answer

Joshua violated the confidentiality IMA standard by sharing confidential information about the company's earnings with a friend, which can lead to insider trading.

Seria,IncHas Received a Bulk Order from an Overseas Client