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Henry Maddox was recently promoted to Controller of Research and Development (R&D) for Pharmex, a Fortune 500 pharmaceutical company that manufactures prescription drugs and nutritional supplements. (Click the icon to view more information.) Maddox came up with the following ideas for making the third-quarter budgeted targets: (Click the icon to view the ideas.) Read the requirements. Requirement 1a. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management", which of the preceding items (a-c) are acceptable to use? Which are unacceptable? (Click the icon to view the Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management.) The "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management" require management accountants to: (Select all that apply.) A. Refrain from engaging in any conduct that would prejudice carrying out duties ethically. B. Do not disclose delays or deficiencies in information, timeliness, processing, or internal controls due to organization policy. C. Disclose confidential information when it is requested by anyone. D. Disclose all relevant information that could reasonably be expected to influence an intended user's understanding of the reports, analyses, or recommendations. E. Occasionally communicate with business associates to resolve apparent conflicts of interest. F. Communicate information fairly and objectively. G. Perform professional duties in accordance with relevant laws, regulations, and technical standards.

Henry Maddox was recently promoted to Controller of Research and Development (R&D) for Pharmex, a Fortune 500 pharmaceutical company that manufactures prescription drugs and nutritional supplements. (Click the icon to view more information.) Maddox came up with the following ideas for making the third-quarter budgeted targets: (Click the icon to view the ideas.) Read the requirements. Requirement 1a. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management", which of the preceding items (a-c) are acceptable to use? Which are unacceptable? (Click the icon to view the Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management.) The "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management" require management accountants to: (Select all that apply.) A. Refrain from engaging in any conduct that would prejudice carrying out duties ethically. B. Do not disclose delays or deficiencies in information, timeliness, processing, or internal controls due to organization policy. C. Disclose confidential information when it is requested by anyone. D. Disclose all relevant information that could reasonably be expected to influence an intended user's understanding of the reports, analyses, or recommendations. E. Occasionally communicate with business associates to resolve apparent conflicts of interest. F. Communicate information fairly and objectively. G. Perform professional duties in accordance with relevant laws, regulations, and technical standards.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Henry Maddox was recently promoted to Controller of Research and Development (R&D) for Pharmex, a Fortune 500 pharmaceutical company that manufactures prescription drugs and nutritional supplements. (Click the icon to view more information.) Maddox came up with the following ideas for making the third-quarter budgeted targets: (Click the icon to view the ideas.) Read the requirements. Requirement 1a. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management", which of the preceding items (a-c) are acceptable to use? Which are unacceptable? (Click the icon to view the Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management.) The "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management" require management accountants to: (Select all that apply.) A. Refrain from engaging in any conduct that would prejudice carrying out duties ethically. B. Do not disclose delays or deficiencies in information, timeliness, processing, or internal controls due to organization policy. C. Disclose confidential information when it is requested by anyone. D. Disclose all relevant information that could reasonably be expected to influence an intended user's understanding of the reports, analyses, or recommendations. E. Occasionally communicate with business associates to resolve apparent conflicts of interest. F. Communicate information fairly and objectively. G. Perform professional duties in accordance with relevant laws, regulations, and technical standards.
Transcribed Image Text:Henry Maddox was recently promoted to Controller of Research and Development (R&D) for Pharmex, a Fortune 500 pharmaceutical company that manufactures prescription drugs and nutritional supplements. (Click the icon to view more information.) Maddox came up with the following ideas for making the third-quarter budgeted targets: (Click the icon to view the ideas.) Read the requirements. Requirement 1a. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management", which of the preceding items (a-c) are acceptable to use? Which are unacceptable? (Click the icon to view the Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management.) The "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management" require management accountants to: (Select all that apply.) A. Refrain from engaging in any conduct that would prejudice carrying out duties ethically. B. Do not disclose delays or deficiencies in information, timeliness, processing, or internal controls due to organization policy. C. Disclose confidential information when it is requested by anyone. D. Disclose all relevant information that could reasonably be expected to influence an intended user's understanding of the reports, analyses, or recommendations. E. Occasionally communicate with business associates to resolve apparent conflicts of interest. F. Communicate information fairly and objectively. G. Perform professional duties in accordance with relevant laws, regulations, and technical standards.
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