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.
You might also like to view...
What is the first component of an action sequence?
a. considering the consequences of the act b. motivation c. the act itself d. opportunity
Answer the following statements true (T) or false (F)
The time period idea is somewhat artificial because it creates definite segments out of what is a continuing process.
At the new student orientation of your university, the guides taught you the common cheer that is a part of most sporting and other major assemblies on campus. The process of learning this common language and tradition of your university describes the definition of which of the following: ______.
A. diversity B. prejudice C. ethnocentrism D. culture
Compensable factors include skills, efforts, responsibilities, and leadership.
Answer the following statement true (T) or false (F)