IMA Statement of Ethical Professional Practice

Members of IMA shall behave ethically. A commitment to ethical professional practice includes overarching principles that express our values and standards that guide member conduct.


IMA’s overarching ethical principles include: Honesty, Fairness, Objectivity, and Responsibility. Members shall act in accordance with these principles and shall encourage others within their organizations to adhere to them.


IMA members have a responsibility to comply with and uphold the standards of Competence, Confidentiality, Integrity, and Credibility. Failure to comply may result in disciplinary action.


1)   Maintain an appropriate level of professional leadership and expertise by enhancing knowledge and skills.

2)   Perform professional duties in accordance with relevant laws, regulations, and technical standards.

3)   Provide decision support information and recommendations that are accurate, clear, concise, and timely. Recognize and help manage risk.


1)   Keep information confidential except when disclosure is authorized or legally required.

2)   Inform all relevant parties regarding appropriate use of confidential information. Monitor to ensure compliance.

3)   Refrain from using confidential information for unethical or illegal advantage.


1)   Mitigate actual conflicts of interest. Regularly communicate with business associates to avoid apparent conflicts of interest. Advise all parties of any potential conflicts of interest.

2)   Refrain from engaging in any conduct that would prejudice carrying out duties ethically.

3)   Abstain from engaging in or supporting any activity that might discredit the profession.

4)   Contribute to a positive ethical culture and place integrity of the profession above personal interests.


1)   Communicate information fairly and objectively.

2)   Provide all relevant information that could reasonably be expected to influence an intended user’s understanding of the reports, analyses, or recommendations.

3)   Report any delays or deficiencies in information, timeliness, processing, or internal controls in conform­ance with organization policy and/or applicable law.

4)   Communicate professional limitations or other constraints that would preclude responsible judgment or successful performance of an activity.