Discuss how Boeing should address ethical issues as they relate to managerial ac

Question

Discuss how Boeing should address ethical issues as they relate to managerial accounting. For example, are there written regulatory or legal guidelines concerning managerial accounting improprieties, are employees evaluated on ethical behavior related to managerial accounting, and how are violations in managerial accounting ethical behavior addressed. Discuss how Boeing should address ethical issues as they relate to managerial accounting. For example, are there written regulatory or legal guidelines concerning managerial accounting improprieties, are employees evaluated on ethical behavior related to managerial accounting, and how are violations in managerial accounting ethical behavior addressed. Discuss how Boeing should address ethical issues as they relate to managerial accounting. For example, are there written regulatory or legal guidelines concerning managerial accounting improprieties, are employees evaluated on ethical behavior related to managerial accounting, and how are violations in managerial accounting ethical behavior addressed.

Explanation / Answer

ractitioners of management accounting and financial management have an obligation to the public, their profession, the organization they serve, and themselves, to maintain the highest standards of ethical conduct. In recognition of this obligation, the Institute of Management Accountants has promulgated the following standards of ethical conduct for practitioners of management accounting and financial management. Adherence to these standards, both domestically and internationally, is integral to achieving the Objectives of Management Accounting. Practitioners of management accounting and financial management shall not commit acts contrary to these standards nor shall they condone the commission of such acts by others within their organizations.

COMPETENCE

Practitioners of management accounting and financial management have a responsibility to:

CONFIDENTIALITY

Practitioners of management accounting and financial management have a responsibility to:

INTEGRITY

Practitioners of management accounting and financial management have a responsibility to:

OBJECTIVITY

Practitioners of management accounting and financial management have a responsibility to:

RESOLUTION OF ETHICAL CONFLICT

In applying the standards of ethical conduct, practitioners of management accounting and financial management may encounter problems in identifying unethical behavior or in resolving an ethical conflict. When faced with significant ethical issues, practitioners of management accounting and financial management should follow the established policies of the organization bearing on the resolution of such conflict. If these policies do not resolve the ethical conflict, such practitioners should consider the following courses of action.

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