US CMA Part 2 · Chapter 9 · Question 3 of 23
A management accountant is assigned to evaluate a lease accounting change but has not kept up with recent developments in lease accounting. She enrolls in a technical course before starting the work. Which IMA standard does this action most directly support?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Competence
Explanation
The Competence standard requires members to maintain an appropriate level of professional leadership and expertise by enhancing knowledge and skills, and to perform duties in accordance with relevant laws, regulations and technical standards. Updating technical knowledge before an assignment directly supports this standard.
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