Four Primary Ethical Issues Relating to Management Accountants

1. Competence: Management accountants have a responsibility to perform their professional duties in accordance with relevant laws and regulations and to keep abreast of current developments or changes affecting the practice of accounting.

2. Confidentiality: Management accountants must refrain from disclosing confidential information unless legally obligated to do so.

3. Integrity: Management accountants have a responsibility to refrain from either actively or passively subverting the attainment of the organizations legitimate and ethical objectives. And to communicate favourable as well as unfavourable information and professional judgments or opinions.

4. Objectivity: Management accountants must fully disclose all relevant information that could reasonably be expected to influence an intended user’s understanding of the reports, comments, and recommendations.