The standards of ethical conduct for managerial accountants include
A) competence and performance.
B) integrity and respect for others.
C) confidentiality, confidence, integrity, and observance.
D) competence, confidentiality, integrity, and credibility.

Question

Quizplus · Accepted Answer

The standards of ethical conduct for managerial accountants include four main principles: competence, confidentiality, integrity, and credibility. These principles ensure that the accountant is qualified to perform their duties, respects the privacy of sensitive information, acts honestly and ethically, and maintains the trust of stakeholders. Option A is partially correct as competence is one of the key principles, but it does not cover all aspects of ethical conduct. Option B includes integrity and respect for others, but it is missing confidentiality and competence. Option C includes the correct principles of confidentiality and integrity but is missing competence and credibility.

The Standards of Ethical Conduct for Managerial Accountants Include