CMA Ethics for Professionals

Learning Objectives

• To identify the four standards of the Institute of Management Accountants (IMA) “Statement of Ethical Professional Practice”, competence, confidentiality, integrity, and credibility.
• To recognize how ethical issues such as manipulation of results, analysis, and budgets can develop.
• To identify the appropriate course of action for management accountants to take when confronted with an ethical dilemma.
• To identify the three components of the Fraud Triangle model.
• To identify the purpose of the Foreign Corrupt Practices Act (FCPA) and the practices it prohibits

Course Description

Ethical and professional behavior based on the code of conduct creates a foundation that provides employers, clients, and other stakeholders in society bedrock of trust in any profession. Therefore, professionals such as Certified Management Accountants are required to adhere to their institutional standards as a custodian of public trust.

Despite the guidelines and code of conduct rulings, just like any other profession, accounting industry professionals also face ethical challenges.

This Online webinar provides an overview of ethical challenges and dilemmas that accountants in the industry frequently face. This Online Ethics CPE webinar also provides strategies for dealing with those dilemmas. 

This Ethics course draws on several real-world frauds to illustrate the “slippery slope” that often leads to fraudulent behavior. The CPE Ethics course also covers the three elements of the “Fraud Triangle”, providing insight into the conditions that can result in fraud.

This online CPE webinar on Ethics for CMAs covers the following Key Subject Areas:

• Ethical considerations for accounting professionals.
• Ethical dilemmas.
• Examples of fraud.
• Strategies for dealing with ethical dilemmas.
• The Fraud Triangle.
• Differences between legal and ethical behavior.
• Ethical aspects of the Foreign Corrupt Practices Act (FCPA) and the Sarbanes-Oxley Act (SOX).
• Ethical considerations for accounting organizations.

This Ethics course for CMA provides useful sources for guidance on how to deal with ethical challenges. Further, this Online course covers the Professional Ethics material outlined in the content specification outline for the Certified Management Accountant (CMA) Part 2 examination.

Overview

• Ethical Standards for Certified Management Accountants (CMA’s)

  2 mins
• IMA Statement on Ethical Professional Practice

  3 mins
• Conflicts of Interest: Ethical Behavior versus Legal Behavior

  13 mins
• Typical Ethical Dilemmas Accountants Face

  21 mins
• Fraudulent Financial Reporting

  25 mins
• Cookie Jar Reserves

  29 mins
• From C-Suite to Prison

  42 mins
• Resolution of Ethical Conflict

  53 mins
• Fraud and Collusion

  61 mins
• Ethical Versus Legal Behavior

  85 mins
• The Foreign Corrupt Practices Act, The Sarbanes-Oxley Act, and Ethics

  94 mins
• Ethical Considerations for Organizations

  126 mins