US CMA Part 2 · Chapter 9 · Question 5 of 23
A plant controller is asked to evaluate competing bids for a maintenance contract. One bidder is owned by her brother. Under the IMA Integrity standard, what should she do?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Disclose the relationship to all relevant parties and mitigate the conflict, for example by withdrawing from the evaluation
Explanation
The Integrity standard requires members to mitigate actual conflicts of interest, communicate regularly with business associates to avoid apparent conflicts, and advise all parties of any potential conflicts. Disclosing the relationship and removing herself from the decision addresses both the actual and the apparent conflict.
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