S$1-9$ Identify ethical standards violated $($Learning Objective $4)$

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.$)$ Refer to Exhibit $1-7$ for the complete standard.

a$.$ Aidan, an accountant for a smartphone manufacturer, told his 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.

b$.$ 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.