Karlene is the new managerial accountant at the Bay Beach House Restaurant. Karlene complies with principles and standards that help accountants deal with ethical challenges that she can encounter in the workplace. The principles and standards ensure that management accountants exhibit the highest level of ethical behavior. The four ethical standards include competence, confidentiality, integrity, and credibility. Which of the following requires management accountants comply with the four ethical standards?
A)IMA's Statement on Ethical Professional Practice
B)Certified Management Accountant (CMA)
C)Sarbanes-Oxley Act of 2002
D)Certified Public Accountant (CPA)
E)The Federal Reserve Board

Question

Quizplus · Accepted Answer

The IMA's Statement on Ethical Professional Practice outlines the ethical standards that management accountants must comply with, including competence, confidentiality, integrity, and credibility. The other choices listed do not specifically address these ethical standards.

Karlene Is the New Managerial Accountant at the Bay Beach