The four standards are:

1. Competence
2. Confidentiality
3. Integrity
4. Credibility

Type your answers in the space provided below:

Example Situation: Your division manager is really excited about a new project that you are preparing a profit projection for. He asks you to be optimistic with your estimates so the project will look attractive to top management.

Example Answer: Standard IV (Credibility); A management accountant must provide fair and objective information. He should not bias the information to achieve a certain result but should help top management make the best decision for the company.

Situation #1: You are preparing a variance analysis that reflects negatively on the performance of a coworker who belongs to your church. You do not want to make her look bad.

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Situation #2: Your uncle heard that your company is working on a new project and he wants you to give him some inside information to know if he should invest in your company's stock.

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Situation #3: You are interviewing for a new position and find out that experience in a certain industry is highly desired. You do not have experience in that industry.

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Situation #4: You become aware that a manager in your company may be engaged in unethical activities. However, you cannot provide any real evidence of the wrongdoing.

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Situation #5: Your coworker privately tells you she is thinking about leaving the company for another job opportunity. You later find out your boss is considering her for a promotion that you want.

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