ABSTRACT
Generally, for information to be useful it should be prepared by ethical accountants based on ethical accounting practices. Each accounting professional association throughout the world has its own ethical code. A feature of the ethical code is its statement that a member's failure to comply with it may result in disciplinary action. Indifference to the ethical dilemma or unethical behavior is an ethical lapse. An ethical dilemma affects the managerial accountant either directly because they are involved, or because they are aware others are acting unethically irrespective of its impact. Resolving the ethical dilemma occurs when the managerial accountant declares their position and announces their decision. Managerial accountants need to have exemplars of ethical behavior and coaching during coursework to practice behaving ethically. The role and responsibilities of the managerial accountant include ethical behavior and self-care. The ethical code comprising principles and standards is simple compared to some other professions.
