Question

The standards of ethical conduct for practitioners of management accounting and financial management contains a policy regarding confidentiality that requires that management accountants:__________

Answer 1

The standards of ethical conduct for practitioners of management accounting and financial management contains a policy regarding confidentiality that requires that management accountants refrain from disclosing confidential information acquired in the course of their work except when authorized by management, unless legally obligated to do so.

What are the ethical standards of management accounting?

The Institute of Management Accountants created four principles for moral behavior in management accountants' professional endeavors. Competence, discretion, honesty, and credibility are the four standards.

What are the 4 IMA standards of ethical practice?

• The fundamental moral values of IMA are: Honesty, Fairness, Objectivity, and Responsibility.
• Members are expected to follow these guidelines and to inspire others in their organizations to do the same.

Learn more about IMA standards

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