Final answer:
The ethical standards for management accountants include competence, confidentiality, integrity, and credibility, which guide their professional conduct and decision-making.
Step-by-step explanation:
The standards of ethical conduct for management accountants refer to the principles management accountants must adhere to. These are competence, confidentiality, integrity, and credibility. Competence involves maintaining an appropriate level of professional expertise and acting in accordance with relevant laws and regulations.
Confidentiality requires accountants to protect sensitive information gained in the course of their work. Integrity denotes a commitment to honesty and fairness. Lastly, credibility involves providing comprehensive, accurate, and clear information that will be used by management for decision-making.