Management accountants have important ethical responsibilities that are related to competence,confidentiality,integrity,and credibility.

Question

Quizplus · Accepted Answer

Management accountants play a crucial role in maintaining the integrity and reputation of their organization. They are responsible for ensuring that financial information is accurate and reliable, and they must adhere to ethical guidelines related to competence, confidentiality, integrity, and credibility. This includes maintaining appropriate levels of education, training, and experience to perform their duties, protecting confidential information, acting with honesty and objectivity, and communicating financial information in a clear and accurate manner. Failure to uphold these ethical responsibilities can result in legal and reputational risks for both the accountant and the organization.

Management Accountants Have Important Ethical Responsibilities That Are Related to Competence,confidentiality,integrity,and