Question

He Standards of Ethical Conduct for management accountants include concepts related to ________.

A) competence, performance, diligence, and reporting
B) competence, confidentiality, integrity, and credibility
C) experience, diligence, reporting, and objectivity
D) diligence, objectivity, conflicts of interest, and credibility

Answer 1

The Standards of Ethical Conduct for management accountants include concepts related to competence, confidentiality, integrity, and credibility.

Step-by-step explanation:

The Standards of Ethical Conduct for management accountants include concepts related to competence, confidentiality, integrity, and credibility.

These standards ensure that management accountants are competent in their performance, maintain confidentiality of sensitive information, exhibit integrity in their actions, and are credible in their reporting.

For example, a management accountant should have the necessary knowledge and skills to perform their job effectively (competence), keep financial information confidential to protect the organization and its stakeholders (confidentiality), act honestly and ethically in all situations (integrity), and provide accurate and reliable reports to support decision-making (credibility).