Question

As a Certified Management Accountant, Suzanne is bound by the standards of ethical conduct issued by the Institute of Management Accountants. During the course of business, Suzanne learned that her company has decided to discontinue a major product line. If she mentions this fact to her brother, who is a stockbroker, Suzanne could be in violation of the:
A) competence standard.
B) confidentiality standard.
C) integrity standard.
D) objectivity standard.

Answer 1

Answer: Option (D)

Explanation:

Here, in this particular case we can state that Suzanne is most probably in violation of the confidentiality standards which are uphold-ed by her organization. Suzanne, in this particular case has decided to tell her sibling about her organizations decision to discontinue a product line. Since , this news is still not out in the public domain then it could easily state that Suzanne is in violation of the confidentiality standards.