For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility.)
a. Even though Kayla’s company is adopting International Financial Accounting ­Standards (IFRS) this year, Kayla (a management accountant) has not completed the required IFRS training.
b. David, a purchasing agent for his company, received two tickets from a supplier to the upcoming Ohio State vs. University of Michigan football game. These tickets sell for over $ 500 each.
c. The CFO directed that certain expenses be reclassified as assets, so that target profit could be achieved. The CFO rationalized that jobs would be saved by reaching the targeted income figures.
d. Tara, an accountant for a smartphone manufacturer, told her friends about a new model of smartphone being released by the company in the following quarter. For competitive reasons, the company keeps its models shrouded in secrecy until the release date.
e. Daniel provides an analysis of the profitability of a company- owned store that is man-aged by Daniel’s best friend, Stuart. Daniel neglects to include allocated fixed costs in Stuart’s report. If Daniel includes those allocated fixed costs, the store will show a loss and Stuart’s job could be in danger.