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 advise 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. Refer to the code of professional ethics to support your actions (pages 4-9) https://www. 8203a083f912/CPABC-Code-of-Professional-Conduct pdf 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