Which of the following statements is true regarding the ethical standards of management accountants?
A) Management accountants are not obligated to develop their knowledge and skills beyond the level they had when they sought employment with the company.
B) Management accountants are not responsible for monitoring their subordinates to ensure maintenance of confidentiality within the company.
C) Management accountants are allowed privacy and are not bound to refrain from supporting activities of personal interest even when they could discredit the profession.
D) Management accountants should refrain from relationships with individuals that could cause possible conflicts of interest.

Question

Quizplus · Accepted Answer

The ethical standards of management accountants require them to refrain from relationships that could create conflicts of interest. This means that they should avoid personal or financial relationships with individuals that could influence their professional judgment or compromise the integrity of the organization. A, B, and C are not true. Management accountants are expected to continuously develop their knowledge and skills to fulfill their responsibilities effectively, to ensure confidentiality at all times, and to avoid any activities that could bring discredit to the profession.

Which of the Following Statements Is True Regarding the Ethical