{"id":209053,"date":"2025-04-28T10:17:13","date_gmt":"2025-04-28T10:17:13","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=209053"},"modified":"2025-04-28T10:17:15","modified_gmt":"2025-04-28T10:17:15","slug":"the-overarching-principles-in-the-ima-statement-of-ethical-professional-practice-include-all-of-the-following-except-2","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/04\/28\/the-overarching-principles-in-the-ima-statement-of-ethical-professional-practice-include-all-of-the-following-except-2\/","title":{"rendered":"The overarching principles in the IMA Statement of Ethical Professional Practice include all of the following EXCEPT"},"content":{"rendered":"\n<p>The overarching principles in the IMA Statement of Ethical Professional Practice include all of the following EXCEPT:<\/p>\n\n\n\n<p>A. fairness.<br>B. integrity.<br>C. objectivity.<br>D. responsibility.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-6-color\"><strong>The correct answer and explanation is :<\/strong><\/mark><\/p>\n\n\n\n<p>The correct answer is: <strong>D. responsibility.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice outlines important principles that guide ethical behavior for management accounting professionals. These principles serve as a foundation for ethical decision-making and maintaining public trust. The four overarching principles specifically listed in the IMA Statement are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Honesty<\/strong><\/li>\n\n\n\n<li><strong>Fairness<\/strong><\/li>\n\n\n\n<li><strong>Objectivity<\/strong><\/li>\n\n\n\n<li><strong>Responsibility<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Wait\u2014this list might seem confusing because <em>responsibility<\/em> is included here. However, let&#8217;s break it down carefully based on what the IMA emphasizes in its <em>Statement of Ethical Professional Practice<\/em>.<\/p>\n\n\n\n<p>The IMA outlines <strong>four overarching principles<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Honesty<\/strong> \u2013 Being truthful and transparent in all professional activities.<\/li>\n\n\n\n<li><strong>Fairness<\/strong> \u2013 Acting equitably and impartially.<\/li>\n\n\n\n<li><strong>Objectivity<\/strong> \u2013 Ensuring that personal biases do not influence professional judgments.<\/li>\n\n\n\n<li><strong>Responsibility<\/strong> \u2013 Carrying out duties with accountability and in accordance with ethical standards.<\/li>\n<\/ol>\n\n\n\n<p>Therefore, based on the actual content of the IMA Statement, <strong>responsibility IS an overarching principle<\/strong>, just like honesty, fairness, and objectivity.<\/p>\n\n\n\n<p>However, <strong>integrity<\/strong> is a major concept within the IMA&#8217;s <em>Standards<\/em>, not the <em>overarching principles<\/em>. The IMA provides specific <em>Standards<\/em> that members must uphold, and these standards are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Competence<\/li>\n\n\n\n<li>Confidentiality<\/li>\n\n\n\n<li>Integrity<\/li>\n\n\n\n<li>Credibility<\/li>\n<\/ul>\n\n\n\n<p>Thus, in the context of the question you provided \u2014 asking for which one is <strong>NOT<\/strong> an <em>overarching principle<\/em> \u2014 the correct answer would actually be <strong>B. integrity<\/strong>. <strong>Integrity is a standard, not an overarching principle.<\/strong><\/p>\n\n\n\n<p>To summarize:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Category<\/th><th>Includes<\/th><\/tr><\/thead><tbody><tr><td>Overarching Principles<\/td><td>Honesty, Fairness, Objectivity, Responsibility<\/td><\/tr><tr><td>Standards<\/td><td>Competence, Confidentiality, Integrity, Credibility<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Because <strong>integrity<\/strong> belongs to the <em>standards<\/em> section and not the <em>principles<\/em> section, <strong>B. integrity<\/strong> is the correct choice.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>The overarching principles in the IMA Statement of Ethical Professional Practice include all of the following EXCEPT: A. fairness.B. integrity.C. objectivity.D. responsibility. The correct answer and explanation is : The correct answer is: D. responsibility. The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice outlines important principles that guide ethical behavior for management [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-209053","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/209053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=209053"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/209053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=209053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=209053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=209053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}