Ethical Standards in Accounting

The Institute of Management Accountants (IMA) has created a formal normal inventory to clearly outline what it has determined to be ethical consume to be followed by its members. They created this document to ensure that any those who ar associate with its certification know what ethical conduct is re primary(prenominal) and that those who rely on it certifying procedure atomic number 18 aware of those expectations and are able to rely upon them. This overly gives superfluous credibility to the locomote prepared and signed off on by the controls affiliated with their institute. There are four principal(prenominal) tenets of the standard that the IMA has created. These tenets are: *Objectivity *Integrity *Confidentiality *Competence Within these main categories there are very definitive expectations. Objectivity deals in the main with how the accountant communicates both with the company universeness audited as swell up as the public at large. This standard i s to ensure that solely germane(predicate) information either to the investor or public agencies is conveyed in an amend and timely manner and that all information that pertains to the line items being reported on public documents has that information noted if necessary.

A violation of this standard would be if the accountant in stead of auditing had knowledge that shell companies were being created and funds funneled to those companies and that there factual was not a business function being performed and did not report that data on the audit report. Integrity speaks to impinge of touch on either real o r strength and the communication of that co! nflict to the involved parties. This also includes the need of communication to all employees and coworkers the necessity not only of avoiding conflicts but also avoid the way of conflicts. This also involves making sure that all information near or in reference to the company... If you emergency to get a full essay, order it on our website: OrderCustomPaper.com

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