Go to the websites of the following professional accounting bodies: 1) American institute of certified public accountants (CPA) (at www.aicpa.org); 2) Institute of management accountants (IMA) (at www.imanet.org),or 3) You can also go to other professional Accounting bodies of any other country but make sure that the Accounting body should be related with Chartered Accountancy or Cost and Management Accounting. Search for the ethical principles related with Integrity referred to in each site and draft the following requirements.

Required:

1. Explain the common characteristics of the accounting ethical related with Integrity principles found across the above professional bodies.

1. Assume that you are a management accountant in a local firm. Your firm is thinking of establishing ethical guidelines for management accounting and you are assigned a task to draft these guidelines. Summarize, in your own words and style, the main ethical aspects of Integrity in management accounting that your local firm should have as guidelines.

1. Identify and explain as an example at least 5 scenarios (related with ethics in management accounting only) where Integrity is not followed so that staff may have a better understanding of these guidelines.