Question

The Institute of Management Accountants' Statement of Ethical Professional Practice for management accountants includes the elements of:
A. Competence, confidentiality, independence, and objectivity.
B. Competence, confidentiality, integrity, and credibility.
C. Competence, accuracy, integrity, and independence.
D. Competence, confidentiality, integrity, and relevance.

Answer 1

Answer: competence, confidentiality, integrity, and credibility.

Explanation:

The Institute of Management Accountants' Statement of Ethical Professional Practice for management accountants reflects on the globalization of the accounting profession. The statement is based on ethical principles such as responsibility, fairness, integrity and honesty.

Also, the statement consist of elements such as competence, confidentiality, integrity, and credibility.