Question: Managerial accounting professionals follow a code of ethics. As a member of the Institute of Management Accountants, the managerial accountant must comply with Standards of Ethical Conduct.
Required: 1. Identify, print, and read the Statement of Ethical Professional Practice posted at www.IMAnet.org. (Search using "ethical professional practice.")
2. What four overarching ethical principles underlie the IMA's statement?
3. Describe the courses of action the IMA recommends in resolving ethical conflicts.