1, The Institute of Management Accountants' Statement of Ethical Professional Practice specifically states, among other things, that management accountants have a responsibility to keep information confidential except when disclosure is authorized or legally required.

True or False

2, In applying the Standards of Ethical Professional Practice, you may encounter problems identifying unethical behavior or resolving an ethical conflict. When faced with ethical issues, you should follow your organization's established policies onthe resolution of such conflict.

True or False

3, A written policy on ethical conduct is not necessary. A firm without an established policy toward ethical conduct is just as likely to be able to resolve ethical issues as one that does have a written policy.

True or False