Which of the following actions should a management accountant take first in confronting a potential ethical conflict concerning your direct supervisor?
A) Inform the Board of Directors of the existence of a potential conflict.
B) Clarify relevant ethical issues by initiating a confidential discussion with an IMA Ethics Counselor.
C) Consult the attorney as to legal obligations and rights concerning the ethical conflict.
D) Follow the organization's procedures concerning resolution of such a conflict.

Question

Quizplus · Accepted Answer

The best first action for a management accountant in confronting a potential ethical conflict concerning their direct supervisor is to follow the organization's procedures concerning the resolution of such conflicts. This is because most organizations have established procedures and policies for addressing ethical conflicts, which should be followed before escalating the issue to a higher authority. Following these procedures will ensure that the conflict is resolved in a timely and appropriate manner while avoiding unnecessary conflicts within the organization.

Which of the Following Actions Should a Management Accountant Take