Which of the Following Actions Should a Management Accountant Take

question 89

Multiple Choice

Which of the following actions should a management accountant take first in confronting a potential ethical conflict concerning their direct supervisor?

• A)Confront their supervisor directly.
• B)Discuss the situation with their supervisor's direct supervisor.
• C)Review their organisation's procedures concerning resolution of such a conflict.
• D)Inform the Board of Directors of the existence of a potential conflict.

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Definitions:

Working Papers

Documents prepared or obtained by auditors during the course of an audit, serving as evidence and supporting the auditor's findings and opinions.

Ownership

The legal right to possess, use, and dispose of property or assets.

Sarbanes-Oxley's Document Retention

Provisions under the Sarbanes-Oxley Act that mandate the retention of financial records and documents to enhance corporate accountability and prevent fraud.

Imprisonment

The state of being confined in prison as a legal punishment resulting from the commission of a crime.