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Determining the degree to which business has complied with established standards has presented a real problem. According to the article; "The purpose of ethics in business is to direct individuals to abide by a code of conduct that help increase and maintain public confidence in their products and services."
In the article is explains how our standards and expectations have risen. Today, individuals in management accounting and financial management constantly face ethical dilemmas. According to Baset, many managers and executives are unclear about their ethical standards. Practitioners of management accounting and financial management have an obligation to the public, their profession, the organization they serve, and themselves, to maintain the highest standards of ethical conduct...
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