The IMA’s Statement of Ethical Professional Practice is built around four core ethical principles: Honesty, Fairness, Objectivity, and Responsibility. From those principles flow four standards: Competence (maintain professional skills and knowledge), Confidentiality (don’t disclose information inappropriately), Integrity (mitigate conflicts of interest and refrain from activities that discredit the profession), and Credibility (communicate information fairly and objectively). The Statement also provides a resolution framework for handling ethical conflicts, typically starting with discussing the issue with your supervisor, escalating up the chain if needed, and consulting your own legal advisor or an IMA ethics helpline in serious cases. This is required reading, and you’ll see it on the exam.
