Bridgette is a managerial accountant at the Middle Peninsula Manufacturing Company. Recently, Bridgette received a Certified Management Accountant (CMA) certification. To receive the certification, Bridgette was required to attend classes and she had to pass a rigorous examination and maintain continuing professional education now and as designated in the future. To prepare for the exam, Bridgette focused on managerial accounting topics, economic topics, and business finance topics. The exam permits Bridgette to earn a competitive salary and to obtain a promotion to a higherminus−level position within the company. Which of the following is the name of the regulatory body that issues the Certified Management Accountant (CMA) certification?A. The Federal Reserve Board
B. Institute of Management Accountants (IMA)
C. Sarbanesminus−Oxley Act of 2002
D. International Financial Reporting Standards (IFRS)
E. U. S. Securities and Exchange Commission

The Institute of Management Accountants is an institute where individuals are taught courses in accounting, financial accounting, management accounting, business studies, economic laws etc. This institute prepares the person to have professional study of all the managerial accounting practices involving different fields of study. There are three basic stages, the first is the operational level, then the managerial level and the third is the strategic level. At each level a competitive exam is held to ensure the learning of accurate and high structured policies among emerging accounting managers.

It is a member of different international accounting bodies and firms .