“Ethics in Management Accounting versus Financial Accounting” Please respond to the following:
- Go to the American Institute of Certified Public Accountants (AICPA) Website to read the current AICPA code of professional conduct, located athttp://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. In your assessment, compare the IMA code of conduct to the AICPA code of professional conduct and its effectiveness.
- Assess the aspects of your job that are most likely to be challenged ethically and suggest the approach(es) you will take in order to handle these situations.