What professional ethics should management accountants follow
The professional ethics that management accountants should follow are competence, confidentiality, integrity and objectivity. Management accountants are obliged to maintain the highest professional ethics for the institutions and industries they serve, the public and themselves. Compliance with the professional ethics of management accountants is closely related to the realization of "management accounting objectives". Management accountants should not act in violation of the standards, nor should they tolerate the behavior of others in the organization in violation of the standards.
The standard of "competence" requires management accountants to constantly update their knowledge, improve their professional level and maintain their professional competence. Comply with relevant laws, regulations and business standards, perform professional duties, etc.
"Confidentiality" This standard requires management accountants to strictly abide by confidential information obtained in their work and not disclose it.
The standard of "integrity" requires management accountants to avoid actual or imminent conflicts of interest and coordinate the parties that may conflict.
The "objective" standard requires management accountants to reflect information fairly and objectively.