Explain the importance of having guidelines for ethical behaviour.

Select all that apply.

A.

Having independence is important for minimizing or eliminating the impact of others' influences. Management accountants need to provide opinions based on their own interpretation of data rather than the interpretations of other stakeholders.

B.

Employers must have confidence that management accountant(s) has the integrity to apply their skills appropriately and avoid being prejudiced by any conflicts of interest.

C.

Management accountants should have the ability as well to effectively analyze situations so that they might communicate them faithfully to employers, regulators, or clients to ensure proper action is taken.

D.

Management accountants should have total autonomy.

E.

Management must have confidence that the management accountant(s) is not hiding inconvenient facts or presenting a biased view.