For each of the following activities, identify what aspect of the IMA Statement is being violated. Use
Question:
For each of the following activities, identify what aspect of the IMA Statement is being violated. Use “C” for competence, “N” for confidentiality, “O” for objectivity, and “I” for integrity. You may use more than one letter if you feel the activity affects more than one area.
a. Sell your product’s secret formula to a competitor
b. Change how you calculate a performance measure for marketing without telling anyone
c. Fail to attend a refresher course
d. Let a friend copy your company’s budget for a school project
e. Fail to check the tax laws before completing your firm’s tax returns
f. Neglect to tell your teacher that you were given too many points on a test
g. Call your friends to let them know what was on this week’s quiz
Step by Step Answer:
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant