The Institute of Management Accountants Statement of Ethical

The Institute of Management Accountants\' Statement of Ethical Professional Practice states that when a management account is faced with a significant ethical issue, the first step should be to: Multiple Choice

A. submit an informative memorandum describing the ethical issue to an appropriate representative of the organization and resign if no action is taken as a result of the memorandum.

B.follow the established policies of the organization bearing on the resolution of such conflict.

C.discuss such problems with the immediate superior except when it appears that the superior is involved.

D. clarify relevant concepts by confidential discussion with an objective advisor to obtain an understanding of possible courses of action.

Solution

When a management account is faced with a significant ethical issue, the first step should be to follow the established policies of the organization bearing on the resolution of such conflict Option B is correct