organizations commonly establish st

organizations commonly establish standards of conduct for their managers and employees. Professional associations also establish ethical standard. For example, the Institute of Management Accountants has establish ethical standard for management accountants. in 2005, the IMA issued a revised statement outlining standards of ethical conduct for management accountants. called the " statement of Ethical Professional Practice " the revised statement was designed to accord with the provisions of the Sarbanes-Oxley Act of 2002 and to meet the global needs of IMA's international members. The revised statement is based on the principles of honesty,fairness, objectivity, and responsibility. The Statement of Ethical Professional Practice and the recommended resolution of ethical conflicts are presented in Exhibit 1-5.

Organizations commonly establish standards of conduct for their managers and employees. Professional associations also. Establish ethical standard. For example the Institute, of Management Accountants has establish ethical standard for management. Accountants. In 2005 the IMA, issued a revised statement outlining standards of ethical conduct for management accountants.Called the "statement of Ethical Professional Practice" the revised statement was designed to accord with the provisions. Of the Sarbanes-Oxley Act of 2002 and to meet the global needs of IMA 's international members. The revised statement is. Based on the principles of honesty fairness objectivity and responsibility,,,.The Statement of Ethical Professional Practice and the recommended resolution of ethical conflicts are presented in Exhibit. 1-5.
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