CMA Exam Part 2 Review questions with correct answers

IMA's Overarching Principles Correct Answer-1. Honesty 2. Fairness 3. Objectivity 4. Responsibility IMA's Four Standards Correct Answer-1. Competence 2. Confidentiality 3. Integrity 4. Credibility Resolution of Ethical Conflict Correct Answer-a. Discuss the issue with you immediate supervisor b. Advance to the next level of management until addressed c. Consult with confidential IMA ethics advisor d. Seek external counsel Competence (4) Correct Answer-1. Maintain expertise though continued learning 2. Adhere to laws, regulations, etc. 3. Provide adequate decision support 4. Recognize and communicate professional limitations Confidentiality (3) Correct Answer-1. Maintain unless authorized or legally required 2. Inform relevant par