Scott is a management accountant in a large company.Scott observed unethical behavior by a coworker who is also a management accountant.The coworker is a relative of the company's president and he always receives preferential treatment.Scott observed the coworker putting office supplies and small pieces of electronic equipment in his briefcase.The company does not have a code of ethics or a set of policies for ethical problems.According to the IMA,what course of action should Scott take?

Question

Quizplus · Accepted Answer

The IMA's Statement of Ethical Professional Practice requires management accountants to report any observed or suspected illegal acts or unethical behavior to their immediate supervisor or the next level of authority in the organization. Scott should follow the IMA's guidance and report the observed unethical behavior to his immediate supervisor.

Scott Is a Management Accountant in a Large Company