Match the correct/applicable IMA guideline with the situation by placing the sequence number of the guideline (from 1 to 4) on the line before each situation (from A through to H). You may use each number more than once.
1. Competence;
2. Confidentiality;
3. Integrity;
4. Objectivity.
A) _____ Attend classes to maintain professional competence.
B) _____ Do not disclose confidential information.
C) _____ Communicate information fairly.
D) _____ Refuse any gift or favor that would influence your actions.
E) _____ Prepare reports in accordance with relevant technical standards.
F) _____ Communicate unfavorable as well as favorable information.
G) _____ Delaying recording building repair and renovation expense to the next financial year.
H) _____ A member of management team discussing internal company policies/matters with a rival company’s managers for advice.
Which of these organizations has not played a role in the harmonization of international accounting standards?
1. United Nations
2. Internal Revenue Service
3. International Accounting Standards Board
4. Financial Accounting Standards Board
5. European Economic Community