Extending the close of the fiscal year beyond December 31 so that some of next year's sales are included in the current year would be a violation of which standard of ethical conduct for management accountants?
A)competence
B)confidentiality
C)conformance
D)observance

Question

Quizplus · Accepted Answer

This action would violate the competence standard, which requires management accountants to adhere to relevant laws and regulations and provide accurate and timely information. Extending the fiscal year to include future sales misrepresents financial data.

Extending the Close of the Fiscal Year Beyond December 31