When faced with an ethical dilemma,the Society of Management Accountants suggests that the first thing management accountants should do is call the Society's ethics hotline.

Question

Quizplus · Accepted Answer

While the Society of Management Accountants does offer an ethics hotline as a resource, it is not the first step recommended in addressing an ethical dilemma. Instead, management accountants are advised to first identify the problem, gather relevant facts, consult with colleagues and superiors, consider alternative courses of action, and then make a decision while adhering to ethical standards and principles. The ethics hotline may be used as a last resort if other options have been exhausted or if there is a need for additional guidance.

When Faced with an Ethical Dilemma,the Society of Management Accountants