Q2. You are a managerial accountant who has become privy to information about a takeover bid by your employing firm to acquire a rival company. A family friend is considering selling shares in this rival company and has asked you, an expert in the industry, for advice on this matter. You comply with your friend's request. Which of the following is true A.You are satisfying IMA Ethical Standards because you are "providing decision support information and recommendations that are accurate, clear, concise and timely." B.You are satisfying IMA Ethical Standards by "keeping information confidential except when disclosure is authorized or legally required." C.You are violating IMA Ethical Standards by not "mitigating actual conflicts of interest." D.You are violating IMA Ethical Standards by not "maintaining an appropriate level of professional expertise by continually developing knowledge and skills."

Q2. You are a managerial accountant who has become privy to information about a takeover bid by your employing firm to acquire a rival company. A family friend is considering selling shares in this rival company and has asked you, an expert in the industry, for advice on this matter. You comply with your friend's request. Which of the following is true A.You are satisfying IMA Ethical Standards because you are "providing decision support information and recommendations that are accurate, clear, concise and timely." B.You are satisfying IMA Ethical Standards by "keeping information confidential except when disclosure is authorized or legally required." C.You are violating IMA Ethical Standards by not "mitigating actual conflicts of interest." D.You are violating IMA Ethical Standards by not "maintaining an appropriate level of professional expertise by continually developing knowledge and skills."

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter5: Corporate Ethical Governance & Accountabililty

Section: Chapter Questions

Problem 1.1EC

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