11. According to Standards of Ethical Conduct for Members of the Institute of Management Accountants, management accountants faced with significant ethical issues should first:

a. Discuss the issue with the immediate superior, except when it appears the superior is involved.

b. Clarify relevant concepts by confidential discussion with an objective adviser.

c. Discuss the issue with the audit committee of the board of directors.

d. Follow the established policies of the business enterprise bearing on the resolution of such issues.