Tom Jones, a management accountant, was faced with an ethical conflict at the office. According to the Institute of Management Accountants' Statement of Professional Practice, the first action Tom should pursue is to:
A)follow his organization's established policies on the resolution of such conflict.
B)contact the local newspaper.
C)contact the company's audit committee.
D)consult an attorney.

Question

Quizplus · Accepted Answer

When faced with ethical issues, one should follow the organization's established policies on the resolution of such conflict. If these policies do not resolve the ethical conflict, one should consider discussing the matter with one's supervisor or, if it appears he or she is involved, other internal sources. It is not appropriate to contact parties outside the organization unless it is the authorities if one believes there is a violation of the law.

Tom Jones, a Management Accountant, Was Faced with an Ethical