resolution of ethical conflict
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Samantha Galloway is a managerial accountant in the accounting department of Mustang Industries, Inc. Samantha has just discovered evidence that some of the corporation's marketing managers have been wrongfully inflating their expense reports in order to obtain higher reimbursements from the firm. According to the Institute of Management Accountants' Standards of Ethical Conduct, what should Samantha do upon discovering this evidence?
(a) notify the president of the corporation.
(b) ignore the evidence because she is not part of the Marketing Department.
(c) notify the marketing managers involved.
(d) notify the controller.
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Solution Summary
The resolution of ethical conflict is examined.
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To answer this question we must first look to what the Institute of Management Accountants' Standards of Ethical Conduct states about the resolution of ethical conflict.
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 ...
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