As a Certified Management Accountant, Steven is bound by the Institute of Management Accountant's Standards of Ethical Conduct. Describe the actions Steven should take when faced with an ethical dilemma at work.
What will be an ideal response?
Answers will vary
Steven should first identify the ethical issues involved. He should consider the consequences of not pursuing the issue (i.e., the consequences of possible violations of the code of ethics). If he decides to pursue the issue, he should discuss the matter with his immediate superior unless he believes that the superior is involved. In that case, he should discuss the matter at the next higher level. He should continue in this way until the matter is resolved. If the matter goes all the way to the company's board of directors and is still not resolved, Steven may have to consider resigning. It would not be appropriate for Steven to contact outside parties unless required by law.
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