As a Certified Management Accountant,Derek is bound by the standards of ethical conduct issued by the Institute of Management Accountants.According to the standards,Derek has a responsibility to:
A) inform subordinates that they should protect confidential information.
B) ensure that financial accounting records are maintained as per the governing guidelines.
C) monitor the activities of subordinates to assure that confidentiality is maintained.
D) inform subordinates that they should protect confidential information and monitor the activities of subordinates to assure that confidentiality is maintained.

Question

Quizplus · Accepted Answer

According to the standards of ethical conduct issued by the Institute of Management Accountants, Derek has a responsibility to inform subordinates that they should protect confidential information and monitor their activities to ensure that confidentiality is maintained. Therefore, option D is the best choice as it includes both of these responsibilities. Option A is incorrect as it only includes informing subordinates to protect confidential information, but does not include monitoring their activities. Option B only pertains to financial accounting records and does not cover confidentiality. Option C only pertains to monitoring activities but does not include informing subordinates to protect confidential information.

As a Certified Management Accountant,Derek Is Bound by the Standards