Ethics for Management Accountants:

Accountants are the professional staff responsible for the recording, maintaining, and controlling the financial transactions, information flow like every business and every job the management accountants also have some ethics which helps them to perform their job and their role in the business place ethics and morally in a more respectful way.

That improve their performance and their productivity and also give them motivation and confidence to work live professional management accountants.

IMA “Instituteof Management Accountancy” also develop the ethics and some social responsibilities rule for their Management Accountants and they also performing their duties in this mater to help out their CMA, CPA, CFA certified members and top professional members.

Ethics for Management Accountants have two most valuable functions and that’s are the System Controls and Security Measures. Every professional Management Accountant follow them and he/she is working in the given parameters to control all the accountancy system information flow and the security measures to complete his given tasks and role in a very professional and respective way.

According to the System Control ethics there are three main objectives that’s are as follows:

a.       Complete information availability.

b.      Complete confidentiality.

c.        and Integrity.

The above points show that management accountants need the complete information access to complete their transaction entry record that helps them in their recording and bookkeeping process. The next level is complete confidentiality that’s mean that they have the complete information through a very systematic and reliable sources which is authenticated and can be examined.

That’s the responsibility of the Accountants to keep protected their complete data from all kinds of threats and always keep their information system confidential and develop some levels through which there are some define roles for the data users and manipulators. The Organization can achieve these levels through their hierarchy positioning.

There are four different levels to control the data and make it secure with all parameters they are as follows:

a.       Physical control level.

b.      Logical control levels.

c.       Input/Output process Controls.

d.      Storage Controls.

Physical Control:

               These levels and control parameters helps the company and management accountants to control their flow of valuable information and financial data. The Physical control level  have the physical access and a physical machine and  territory where the information will be keep safe and easy to access next part of the physical control is environment there we need to maintain the data in a control temperature and secure it form the harm temperature and other harmful issues.

Logical Control:

              The Logical control means authentication and authorization here we need some soft skills and polices which are clearly define for the data protection and control function and helps the accountants to secure their data and information specially the business financial reports. The Information Technology uses the passwords and pass key for that reason, accounts needs to use the modern ways to protect and control the information and financial data and only authorize person have the authority to access the data and make some manipulating in them.

Input/Output Process Control:

             The manipulation in data is very important to control. The business must have the policies to control the Manitoulin in the data. Only authorized persons allowed in the input and output from the data. There are many cases now a days we see in the modern business the in which the lankness leads to loss of important financial data. Sabotage, theft and malware attacks are the most common example of today's data thefts.

Storage of Information and Data:

              The next level is the storage of the data here we need proper place, equipment,device and proper method and technical staff to maintain that storage for our data on daily basis and for further use basis in future.

Security Measure:

Security Measures helps us to cover the risk of data theft and sabotage. That’s the reason the attacks through online and through physical also needs the very effective security mores to protect the data.

That’s also need very strong passwords to prevent from password attacks. Network sniffers and man-in-middle attack is another form of security measure which need our complete protection. The Firewall in a network helps us to protect our data. DoS “Denial-of-Service” attack is an attempt to overload and organizations network with so many messages that it cannot function.

Data Encryption also helps the accountants to protect their data for that purposes they need the highly qualified data base handles to encrypt and de-crypt their data. MNC’s enjoying the facility of  data Encryption in their day to day business and financial information gathering. For that purpose they use the information flowchart, two way passwords, crypto, routing and firewall techniques.

That is the very important ethics of the data protection through which we need always the backup of our and 24/7 availability of our data. That’s helps us in accessibility to our data at any way and at any period of the business. Disaster recovery and Contingency approaches to assess to the data also needs to look because some time when a business department face some issues there will be a contingency approach and backup plan they must have to access their reliable information. That’s also helps them in disaster and other cases of looses.

That’s the ethics of the management accountant through which they can protect their financial information, communication flows, Financial transactions data and important financial reports form frauds,thefts, and different kind of online and offline attacks. Management accountant also use four steps process to control and measure their security. That are competency,confidentiality, integrity and credibility. Ethically the management accountants must need to follow these all steps and parameters to control their system and secure their information.