• The IMA Code of Ethics is the only code of ethics devoted exclusively to management accountants.
• The IMA expended a tremendous amount of resources in developing, adapting, and promoting its code of ethics.
• The IMA Code of Ethics is the only guidance many management accountants receive if they do not belong to other professional bodies.
• Rewards and penalties associated with voluntary IMA membership are not as severe as those associated with CPA licensure but appear to sufficiently motivate IMA members to use the IMA Code of Ethics.