Your close friend is a shareholder of the company that employs you, a management accountant.The friend asks you for information that is typically available only to company management.Sharing this information with your friend violates the ethical standard of _____.

Question

Quizplus · Accepted Answer

Sharing confidential information with someone who is not authorized to receive it is a violation of the ethical standard of confidentiality. As a management accountant, it is important to keep sensitive information about the company confidential and not disclose it to anyone unless authorized to do so.

Your Close Friend Is a Shareholder of the Company That