The CMA’s Code of Professional Ethics (Exhibit 1-6) requires management accountants to meet standards regarding the following:
■ Competence
■ Independence
■ Confidentiality
■ Integrity
■ Credibility
Consider the following situations. Which guidelines are violated in each situation?
a. You tell your brother that your company will report earnings significantly above financial analysts’ estimates.
b. You see that other employees take home office supplies for personal use. As an intern, you do the same thing, assuming that this is a “perk.”
c. At a conference on ecommerce, you skip the afternoon session and go sightseeing.
d. You failed to read the detailed specifications of a new general ledger package that you asked your company to purchase. After it is installed, you are surprised that it is incompatible with some of your company’s older accounting software.

  • CreatedApril 30, 2015
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