About this course
Here are the key concepts of Professional Ethics as covered in the CMA (US) – IMA Statement of Ethical Professional Practice. These concepts are essential for the exam and for real-world professional conduct:
✅ 1. Competence
Professionals must:
Maintain appropriate knowledge and skills.
Perform duties in accordance with laws, regulations, and technical standards.
Provide accurate, clear, and timely decision-support information.
Recognize and communicate limitations or constraints.
✅ 2. Confidentiality
Members must:
Keep information confidential unless authorized or legally required to disclose.
Inform others about the necessity of maintaining confidentiality.
Avoid using confidential information for personal gain.
✅ 3. Integrity
Professionals should:
Avoid conflicts of interest.
Refrain from engaging in activities that would discredit the profession.
Communicate unfavorable or unethical practices appropriately.
Avoid conduct that would prejudice carrying out duties ethically.
✅ 4. Credibility
They must:
Communicate information fairly and objectively.
Disclose all relevant information that could influence decision-making.
Disclose delays or deficiencies in information, analyses, or internal controls.
Present factual, accurate, and complete information.
⭐ Additional Ethical Requirements in CMA (US):
Beyond the four main pillars, candidates should also know:
✔ Ethical Resolution Process
If faced with an ethical issue:
Discuss internally (supervisor/management).
Escalate if unresolved (audit committee, board).
Consult IMA’s ethics helpline.
Consider legal counsel if necessary.
✔ Avoiding Improper Behavior
No insider trading.
No accepting gifts that influence decision-making.
Avoid manipulating information or results.
📘 In Summary
The core ethical principles for CMA (US) are:
Competence | Confidentiality | Integrity | Credibility
These guide financial professionals in ensuring honesty, fairness, transparency, and professionalism.
