Question

Joey Bruce is a cost accountant at ABC Industries.  Joey told Tanner Scott, his financial advisor, that he was working on a project to determine the feasibility of a merger of ABC Industries with Left Guard Company, a major competitor.  Which of the Institute of Management Accountant’s (IMA) ethical standards may have been violated?

A) Competence

B) Confidentiality

C) Integrity

D) Credibility

Answer 1

B) confidentiality

Explanation:

Joey bruce was supposed to keep the details of the merger confidential and not tell his financial advisor about the same as confidentiality is a ethical standard of the IMA.