IMA Statement of Ethical Professional Practice

Discuss the following in 1.5-2 pages
• As you review the IMA Statement of Ethical Professional Practice (see attached), which of
the IMA’s overarching ethical principles are potentially compromised by Liz’s position?
• Is management perpetrating fraud? Is what they are doing illegal? Unethical? Explain.
• How does the misleading information impact decision-making?
• What damages could potentially be caused by the misleading information?
• If you were a board member and found out about the changes and discrepancies in the
material presented, how would you feel?
• Identify the stakeholders in this case. Then discuss how Liz’s decision may impact the
stakeholders.
• What do you recommend Liz do? Be sure to defend your answer.