US CMA Part 2 · Chapter 9 · Question 23 of 23
Near year-end the controller of a division tells a management accountant to defer recording $250,000 of known expenses until next year so the division meets its profit target. The controller is the accountant's immediate supervisor. Company policy has not resolved the matter. Which action would be INCONSISTENT with IMA guidance?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Anonymously sending details of the matter to a financial journalist
Explanation
Because the immediate supervisor is involved, IMA guidance is to present the issue to the next level of management. Members may also call IMA's anonymous helpline for guidance and should consider consulting their own attorney about legal obligations, rights and risks. Leaking details to a journalist breaches the Confidentiality standard, which requires information to be kept confidential except when disclosure is authorized or legally required.
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