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Read the Statement of Ethical Professional Practice for Management Accounting Members from the IMA website or other related Management Accounting sites and comment on its importance to management accountants and business professionals. (Appendix B of your core text book states the “Standards of Ethical Conduct for Management Accountants”).Also explain how it is applicable to your profession / present job / present work placeSubmit the report on or before October 12, 2015There are plenty of books, journals and web sites from where you can get plenty of information on this topic. Few of the sources are given below:www.imanet.org – Institute of Management Accountants (for statement of ethical professional practices and Strategic Finance Magazine; and Management Accounting Quarterly)http://www.cfainstitute.org/- (Integrity List: 50 Ways to Restore Trust in the Investment Industry)http://www.aicpa.org/ – American Institute of Certified Public Accountantshttp://www.globalethics.org/ – Institute of Global Ethicshttp://www.ethics.org/resources – Ethics Resource Centerhttp://business-ethics.org/ – International Business Ethics Institutehttp://www.icmai.in/ – Institute of Cost Accountants of India: (for free Journal access – June 2014 issue is a special issue on ETHICS OF ACCOUNTANTS – Copy available in the Skyline University College Library)You can also make use of the Skyline library resources and databases like:Ebrary – http://site.ebrary.com/lib/skylineuniversityProQuestEBSCOEvaluation Criteria for the report:Organization(10%)Report is neat. Grammar and spelling are correct. The content is correctly formatted and has a professional look.Content(40%)1. Professional ethical principles – clearly listed2. Professional ethical standards – clearly and briefly explainedCompetencies / Application(40%)1. Your job profile (brief)2. List down the ethical practices & standards defined by your organization (if any)3. States very clearly how ethical principles & ethical standards are important and how ethical principles & ethical standards are applied to your present job / profession / officeOr (for those unemployed)? how you will apply these in your job / profession / officeReference(5%)Properly acknowledges the sourcesTimely submission (5%)Submit on or before the stated date