Managerial Accounting Ethical Standards

Managerial accounting focuses on internal processes, unlike financial accounting, which is client-focused and regulated by laws. Managerial accountants adhere to internal codes of ethics and model standards by the Institute of Management Accounting (IMA). These standards emphasize competency, confidentiality, integrity, and credibility. Managerial accountants must ensure fairness, objectivity, and timely disclosure of information, while adhering to internal controls and reporting any inefficiencies.

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