The Institute of Management Accountants’ Statement of EthicalProfessional Practice states that when

The Institute of Management Accountants’ Statement of EthicalProfessional Practice states that when a management account isfaced with a significant ethical issue, the first step should beto: Multiple Choice A. submit an informative memorandum describing the ethical issueto an appropriate representative of the organization and resign ifno action is taken as a result of the memorandum. B.follow the established policies of the organization bearing onthe resolution of such conflict. C.discuss such problems with the immediate superior except whenit appears that the superior is involved. D. clarify relevant concepts by confidential discussion with anobjective advisor to obtain an understanding of possible courses ofaction. . . .