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If a CMA is asked to conduct a financial assessment of a company owned by a close relative, what would be the proper response under the credibility standard of the IMA Statement of Ethical Professional Practice?

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If a CMA is asked to conduct a financial assessment of a company owned by a close relative, what would be the proper response under the credibility standard of the IMA Statement of Ethical Professional Practice?

  • A . Advise all parties of a potential conflict of interest
    B. Keep information confidential except when authorized By the relative
    C. Communicate the existence of a constraint that might preclude responsible judgment
    D. Provide an assessment that is timely and accurate despite the personal relationship

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Suggested Answer: A
 
Posted : 17/01/2023 4:27 am

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