13) What are the four standards of ethical conduct for management accountants. List each standard and provide an example that demonstrates compliance with that standard. 14) What should a managerial...

13) What are the four standards of ethical conduct for management accountants. List each standard and provide an example that demonstrates compliance with that standard.

14) What should a managerial accountant do when faced with ethical issues that arise in their organizations?

15) You have been employed as an entry-level management accountant at a pharmaceutical manufacturing firm for less than one year. You suspect that your immediate supervisor is involved in a significant fraud that involves diverting company assets to personal use. Briefly describe the steps that you might take to resolve this dilemma.

If the management accountant is unable to resolve the situation internally, the next step is to report the facts to a supervisor or manager in the organization. The management accountant should also clarify the relevant ethical issues with an objective advisor (e.g., Institute of Management Accountant's hotline). Next, the management accountant consults their attorney to discuss the individual rights and responsibilities. If the management accountant is unable to resolve the ethical dilemma, the management accountant could be forced to resign and write an informative letter to an