CMAs have a variety of opportunities to develop their professional knowledge and fulfill their annual two hours of required ethics CPE.
The IMA® (Institute of Management Accountants) Annual Conference & Expo (ACE2018) promises an outstanding line up of ethics sessions, more than enough to help CMAs meet their annual ethics requirement. Join colleagues in Indianapolis on June 16-20 for cautionary tales and provocative insights into this always-relevant topic. Visit www.imaconference.org for more information and to register.
Ethics sessions at ACE2018, themed “Infinite Potential,” include:
- "Ethical Climate and Tone at the Top”
- “Ethics and the Financial Crisis: What Have We Learned 10 Years Later?”
- “Fraud and Consequences: Companies Don’t Go to Prison, People Do!”
- “You Can Handle the Truth”
- “Tough Choices: Handling Ethical Issues in the Budgeting Process”
New this Year: Sunday is “Fraud Film Night,” where attendees will explore first-hand how fraud happens. Accounting professor-turned-documentary filmmaker Kelly Richmond Pope will screen her award-winning documentary All the Queen’s Horses and discuss valuable lessons that all organizations can learn from the $53 million Dixon, Ill., fraud case. For more information about the film, please visit www.allthequeenshorsesfilm.com.
In addition to these ethics sessions, ACE2018 will be an exciting opportunity to reap the benefits of attending nine Specialty Tracks designed exclusively for management accountants.
Can’t Make it to the Conference?
If you can’t make it to the Conference, consider earning your two hours of annual ethics CPE through IMA’s new ethics self-study course, “Misplaced Trust | Devastating Fraud.”
Based on a real-life IMA Educational Case Journal (IECJ®) study, the course provides an intriguing examination of the misappropriation of funds by an administrator in the Beaumont Independent School District (BISD) through the use of a false identity and several accounting schemes. This course examines the Committee of Sponsoring Organizations of the Treadway Commission (COSO) internal control framework, and how management accountants can contribute to ensuring strong internal controls, fraud prevention, and an ethical climate that encourages excellent overall organizational governance.
One CMA® (Certified Management Accountant) who took the course, Sandra Passmore, CMA, CFM, CSCA, commented, “This course was an excellent reminder about the need for solid internal controls and segregation of duties. It reinforced how diligence is required at every stage of our careers and provided some very practical insights for preventing ethical breeches that actually made me stop and re-examine my current work environment to ‘shore up’ our controls and guidelines.”
Curt Verschoor Ethics Book
Finally, for CMAs who can’t get enough of ethics, check out Curt Verschoor On Ethics – Timely Columns from Strategic Finance, a compilation of Curt Verschoor’s highly regarded monthly columns in Strategic Finance, IMA’s flagship magazine. Verschoor is a recognized authority on ethics in management accounting. The topics covered include:
- Case studies of fraud
- Sustainability and integrated reporting
- Ethics of executive compensation
- International ethics standards
Visit the IMA bookstore for ordering details.