Question: ABC Cosmetics Company s managerial accountant has lunch every day with
ABC Cosmetics Company’s managerial accountant has lunch every day with his friend who is a managerial accountant for XYZ Cosmetics, Inc., a competitor of ABC. Last week, ABC’s accountant couldn’t decide how to treat some information in a report he was preparing, so he discussed it with his friend. Is ABC’s accountant adhering to the ethical standards of management accountants? Defend your answer.
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