Ethical challenges for management accountants include ________.
A) whether to accept gifts from suppliers, knowing it is an effort to indirectly influence decisions
B) adhering to the principles of accounting
C) whether to file a tax return this year
D) whether to accept gifts higher incentives from the company for their performance

Question

Quizplus · Accepted Answer

Accepting gifts from suppliers can compromise the objectivity and integrity of management accountants and may lead to unethical behavior. Management accountants should avoid situations that could create conflicts of interest or even the appearance of impropriety. Adhering to the principles of accounting is an ethical responsibility of management accountants, and filing tax returns is a legal obligation that is not an ethical challenge. Accepting higher incentives from the company may not be an ethical issue if it does not compromise the integrity of the decision-making process.

Ethical Challenges for Management Accountants Include ________