Although some management accountants strive to update their knowledge and skills, such updating is not within the realm of management accountants' ethical standards.

Question

Quizplus · Accepted Answer

This statement is false. The Institute of Management Accountants (IMA) has established an ethical code that includes the responsibility of management accountants to maintain their level of competence and to continue their professional development in order to provide relevant and reliable information to stakeholders. Therefore, updating their knowledge and skills is within the realm of management accountants' ethical standards.

Although Some Management Accountants Strive to Update Their Knowledge and Skills