The standards in the IMA Statement of Ethical Professional Practice include:
A)Competence,Confidentiality,Integrity,and Objectivity.
B)Competence,Confidence,Integrity,and Credibility.
C)Competence,Objectivity,Credibility,and Honesty.
D)Competence,Confidentiality,Integrity,and Credibility.

Question

Quizplus · Accepted Answer

The IMA Statement of Ethical Professional Practice includes four core values: competence, confidentiality, integrity, and credibility. The answer choices that include all four of these values are A and D, but A includes "objectivity" instead of "credibility." "Credibility" is a more fitting value for the IMA, as it pertains to the trustworthiness and reliability of financial information, while "objectivity" could be interpreted as impartiality or lack of bias. Therefore, D is the best choice.

The Standards in the IMA Statement of Ethical Professional Practice