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39.

39.

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Answer #1

Yes CFO is violating the IMA standards of ethical conduct

He is violating the principal of competence and integrity

He is violating Integrity because

Refrain from engaging in any conduct that would prejudice carrying out duties ethically.

Abstain from engaging in or supporting any activity that might discredit the profession.

He is violating competence because

He shoul Perform professional duties in accordance with relevant laws, regulations, and technical standards. Which he is not doing

He should Provide decision support information and recommendations that are accurate, clear, concise, and timely.

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