STATEMENT OF ETHICAL PROFESSIONAL PRACTICE IMA STATEMENT OF ETHICAL PROFESSIONAL PRACTICE Associates of IMA shall act ethically. A commitment to ethical professional practice includes: overarching principles that express each of our values, and standards that guide each of our conduct.
RULES IMA's overarching ethical rules include: Honesty, Fairness, Objectivity, and Responsibility. Members shall act according to these rules and shall encourage others within their businesses to adhere to all of them.
STANDARDS A member's inability to abide by the following specifications may result in disciplinary actions.
I. COMPETENCE Each member contains a responsibility to: 1 . Keep an appropriate amount of professional knowledge by regularly developing knowledge and skills. 2 . Perform professional duties in accordance with relevant laws, polices, and technical standards. several. Provide decision support information and recommendations that are accurate, clear, succinct, and timely. 4. Recognize and talk professional restrictions or additional constraints that might preclude accountable judgment or successful efficiency of an activity.
II. PRIVACY Each member has a responsibility to: 1 . Continue to keep information private except when disclosure can be authorized or perhaps legally essential. 2 . Inform all relevant parties concerning appropriate make use of confidential details. Monitor subordinates' activities to ensure compliance. 3. Refrain from using confidential data for underhanded or illegitimate advantage.
-2III. HONESTY Each member includes a responsibility to: 1 . Reduce actual clashes of interest, regularly communicate with business associates to avoid apparent conflicts interesting. Advise both sides of virtually any potential conflicts. 2 . Stay away from engaging in any conduct that would prejudice undertaking duties ethically. 3. Abstain from engaging in or supporting any kind of activity that may discredit the profession.
IV. CREDIBILITY Every single person has a...