Ethics are a huge part of management accounting. Competence, confidentiality, integrity, and credibility are standards that must be adhered to. With that in mind, read the following: You have recently been hired by a chemical processing company as assistant controller. You ask the plant supervisor the company procedures for handling toxic waste materials. The plant supervisor advises you that he is not involved in the disposal of wastes and suggests that you might be wise to ignore the issue. This makes you suspicious, so you dig deeper and find out that he is using a nearby residential landfill to dump toxic wastes an illegal activity. It appears that some members of the management team were aware of this situation and may be involved in arranging for this dumping. However, you are unable to determine whether your supervisor, the controller, is involved. You are uncertain how to proceed. You see two options: - Seek the advice of your superior, the controller. - Anonymously release the information to the local newspaper. Required: 1. Discuss why you have an ethical responsibility to take some action. 2. For each of the two options explain whether the action is appropriate or not. 3. Assume you discovered that the controller was involved in the dumping of toxic wastes. Describe the steps that you should take to resolve this situation.