Cost Accounting, Student Value Edition (15th Edition)
Cost Accounting, Student Value Edition (15th Edition)
15th Edition
ISBN: 9780133428858
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
Question
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Chapter 1, Problem 1.25E

1.

To determine

Professional Ethics

A set of principles and standards are introduced under the ethical professional practice. The principles include honesty, fairness, objectivity, and responsibility. The standards are competence, confidentiality, integrity, and credibility. According to the International Management Accountants, members should comply with and act in accordance with the principles and the standards otherwise a disciplinary action is taken.

To state: The ethical responsibilities of M.

2.

To determine

To state: The action to be taken by M, if D gives a direct order to book the false sales.

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