Business Ethical Statement Review - Ima Statement of Ethical Professional Practice

Published: 2021-09-15 04:45:10
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Category: Technology

Type of paper: Essay

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Review the IMA Statement of Ethical Professional Practice. Does business interaction in the global market conflict with these ethical standards? Consider outsourcing, sustainability, and social responsibility. Is it possible to remain competitive in a global market and remain true to these ethical standards? Please formulate a 300 word minimum essay exploring this issue. Research and site the business practices of at least two companies that function on at least two continents.
IMA's ethical professional practices are Honesty, Fairness, Objectivity, and Responsibility. All the Members are supposed to follow these guidelines and principles and encourage their companies also to follow and respect them else they it may result in disciplinary action against member or their organization.
The standards that Members supposed to follow.
1. COMPETENCE
1. Maintain an appropriate level of professional expertise by continually developing knowledge and skills.
2. Perform professional duties in accordance with relevant laws, regulations, and technical standards.
3. Provide decision support information and recommendations that are accurate, clear, concise, and timely.
4. Recognize and communicate professional limitations or other constraints that would preclude responsible judgment or successful performance of an activity.

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