Question

In: Accounting

Karlene is the new managerial accountant at the Bay Beach House Restaurant. Karlene complies with principles...

Karlene is the new managerial accountant at the Bay Beach House Restaurant. Karlene complies with principles and standards that help accountants deal with ethical challenges that she can encounter in the workplace. The principles and standards ensure that management accountants exhibit the highest level of ethical behavior. The four ethical standards include​ competence, confidentiality,​ integrity, and credibility. Which of the following requires management accountants comply with the four ethical​ standards?

A. Certified Management Accountant​ (CMA)

B. The Federal Reserve Board

C. ​IMA's Statement on Ethical Professional Practice

D. Certified Public Accountant​ (CPA)

E. Sarbanesminus−Oxley Act of 2002

Solutions

Expert Solution

C. ​IMA's Statement on Ethical Professional Practice.

IMA's statement on ethical professional practice needs its members to uphold the standards of competence confidentiality integrity and credibility.

CMA and CPA are professional qualifications for accountants but not boards which set professional standards.

The federal reserve board looks after federal reserve system.

Sarbanes oxley act is laid out to protect investor interests.

ekkarill92 answered 2 years ago
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