Description
Ethics in Management Accounting versus Financial Accounting"
- Go to the American Institute of Certified Public Accountants (AICPA) website to read the current AICPA code of professional conduct, located at http://www.aicpa.org/Research/Standards/CodeofConduct/Pages/default.aspx. Next, assess the effectiveness of the current Institute of Management Accountants (IMA) code of professional conduct in promoting ethical behavior and providing guidance for the dilemmas managerial accountants are confronted with today. For the first part of this Week’s discussion, compare the IMA code of conduct to the AICPA code of professional conduct and assess the effectiveness of the two codes.
- Next, assess the aspects of your job that are most likely to be challenged ethically and suggest the approach(es) you will take to handle these situations
Explanation & Answer
Attached.
Running head: CODE OF PROFESSIONAL CONDUCT.
Code of Professional Conduct
Students’ Name
Institutional Affiliation
CODE OF PROFESSIONAL CONDUCT
2
Code of Professional Conduct
The effectiveness of the current Institute of Management Accountants (IMA) code of
professional conduct in promoting ethical behavior. It can be attributed to the detailed, well-labeled
set of rules and their simplicity in understanding. Thus, the accountants find it easy to remember
and follow the stipulated codes (AICPA, 2018). The supremacy and the strength portrayed by the
laws of conduct is another fa...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!