Required:1. Discuss why Adam Williams has an ethical responsibility to take some action in the matter of GroChem Inc. and the dumping of toxic wastes. Refer to the specific standards (competence confidentiality integrity and/or credibility) in the Statement of Ethical Professional Practice established by the Institute of Management Accountants to support your answer.2. For each of the three alternative courses of action that Adam Williams has outlined explain whether or not the action is appropriate according to the Statement of Ethical Professional Practice established by the Institute of Management Accountants.3. Assume that Adam Williams sought the advice of his superior the controller and discovered that the controller was involved in the dumping of toxic wastes. Describe the steps that Williams should take to resolve this situation.(CMA adapted)