Another resource for ethics programs. (Letters).As a 29-year member of the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). , I applaud the article, "Ensuring Ethical Effectiveness" (JofA, Feb. 03, page 28). The article provided valuable information about the requirements in the Sarbanes-Oxley Act See SOX. for publicly traded companies to disclose whether they have adopted a code of ethics Code of Ethics can refer to:
It also mentioned a New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. proposal that would require all companies traded on that exchange to adopt corporate guidelines and a code of business conduct and ethics for all employees. If the SEC approves this proposal, it will mean that many publicly traded companies will be searching for guidance in developing codes of ethical conduct for their employees. CPAs may provide assistance to their corporate clients in the development of codes of conduct for employees involved in financial management. While the article identified several organizations that can help accountants charged with developing, implementing or monitoring a corporation's code of ethics, it did not discuss the Institute of Management Accountants The Institute of Management Accountants (IMA) is a professional organization headquartered in Montvale, New Jersey consisting of over 70,000 members worldwide. The IMA is dedicated to advancing the role of the management accountant and financial manager within the business . The IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting has offered the opportunity for any financial professional to contact its ethics hot line toll-free at 800-638-4427, extension 1662, or to send inquiries via e-mail to its professional ethics counseling service at ethics@ imanet.org. In addition, the IMA permits corporations to use its standards of ethical conduct for compliance with section 404 of Sarbanes-Oxley. Speaking as a longtime professor of management accounting who has integrated ethics education into the classroom, I can wholeheartedly whole·heart·ed adj. Marked by unconditional commitment, unstinting devotion, or unreserved enthusiasm: wholehearted approval. whole endorse the IMA's 20-year-old code of ethics. The one-page code is simple and yet provides ample guidance at no charge for proper ethical conduct for persons engaged in management accounting and financial management. It is the IMA's desire to provide a service to the betterment of the financial community, as the AICPA and the Financial Executives International organizations do. Roland L. Madison, CPA Professor of Accountancy John Carroll University Cleveland |
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