wk 5 written assignment-Ch24_Ethical1

wk 5 written assignment-Ch24_Ethical1 - Ethical Issue (pg....

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Ethical Issue (pg. 1247) Answer: Management accounts have an obligation to maintain the highest standards of ethical conduct. these standards are the first is competence which is to maintain professional competence by ongoing development of knowledge and skills and to perform professional duties in accordance with relevant laws, regulations, and technical standards. The other is confidentiality witch is to refrain from disclosing confidential information acquired in the course of work except when authorized, unless legally obligated to do so. the next one is integrity witch is to avoid actual or apparent conflicts of interest and advise all appropriate parties of any potential conflict, to refuse any gift, favor, or hospitality that would influence or would appear to influence actions and to communicate unfavorable as well as favorable information and professional judgments or opinions. the lat one is objectivity witch is to communicate information fairly an objectively. These standards require management accountants to maintain her professional competence,
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This note was uploaded on 09/15/2011 for the course ACCOUNTING ACC 206 taught by Professor Emilyking's during the Fall '11 term at Ashford University.

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