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Abstract
The Standards of Ethical Conduct for Management Accountants [Statement 1C] promulgated by the National Association of Accountants on June 1, 1983, are described and critiqued in this article. Four major issues related to the issuance of the standards are discussed: [1] What are the basic requirements of any ethical system? Does Statement IC meet these requirements? [2] Should a professional be ethical? [3] If ethical behavior is desirable for management accountants, should such standards be formally expressed in writing? [4] If the standards are expressed in writing, what format should be adopted for the content and how should the standards be expressed?
Journal Information
The Journal of Business Ethics publishes original articles from a wide variety of methodological and disciplinary perspectives concerning ethical issues related to business. Since its initiation in 1980, the editors have encouraged the broadest possible scope. The term 'business' is understood in a wide sense to include all systems involved in the exchange of goods and services, while 'ethics' is circumscribed as all human action aimed at securing a good life. Systems of production, consumption, marketing, advertising, social and economic accounting, labour relations, public relations and organisational behaviour are analysed from a moral viewpoint. The style and level of dialogue involve all who are interested in business ethics – the business community, universities, government agencies and consumer groups. Speculative philosophy as well as reports of empirical research are welcomed. In order to promote a dialogue between the various interested groups as much as possible, papers are presented in a style relatively free of specialist jargon.
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Springer is one of the leading international scientific publishing companies, publishing over 1,200 journals and more than 3,000 new books annually, covering a wide range of subjects including biomedicine and the life sciences, clinical medicine, physics, engineering, mathematics, computer sciences, and economics.
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Journal of Business Ethics © 1986 Springer
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129.According to the Standards of Ethical Conduct for Management Accountants, thestandard of objectivity includes:a.the ongoing development of the accountant’s knowledge and skillsb.avoiding actual or apparent conflicts of interestc.disclosing all relevant informationd.All of these answers are correct.
130.Below is a statement from the Standards of Ethical Conduct for ManagementAccountants.“Communicate information fairly and objectively.”It is an example of:
131.According to the Standards of Ethical Conduct for Management Accountants, thestandard of confidentiality includes:
132.Your close friend is a shareholder of the company that employs you, a managementaccountant.The friend asks you for information that is typically available only tocompany management.Sharing this information with your friend violates the ethicalstandard of:
133.A supplier to your company offers to let you, a management accountant, use thesupplier’s condo in Cancun for your vacation.Accepting the supplier’s offer violates theethical standard of:a.competenceb.confidentialityc.integrityd.objectivity
134.Management accountants are similar to CPAs in that they:
LEARNING OBJECTIVE 8135.The Institute of Management Accountants has adopted a set of standards of ethicalconduct which includes codes of conduct regarding all of the following except:
136.The codes of conduct for integrity include all of the following except:
137.Which of the following statements is not true?a.Management accounting does not play a vital role in the achievement of acompany’s goals and objectives.b.Management accounting information is used across the entire value chain ofactivities.c.Management accounting information is used throughout the life cycle of products andservices.d.External accountants are expected to adhere to standards of ethical conduct.