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US CMA Part 2 · Chapter 9 · Question 6 of 23

A management accountant discovers a significant weakness in the controls over vendor master file changes and reports it promptly to management in accordance with company policy. Which IMA standard does this action most directly reflect?

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Reveal answer & explanation

Correct answer: D) Credibility

Explanation

The Credibility standard requires members to communicate information fairly and objectively, to disclose all relevant information that could reasonably influence users' understanding, and to report any delays or deficiencies in information, timeliness, processing or internal controls in conformance with organization policy and applicable law.

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