criticizes the IMA Code of Ethics for stressing the importance of reaching agreement among the parties affected rather than determining the proper action to take. Loeb and Cory (1989) criticize the IMA Code of Ethics for not including enough protection for whistleblowers. Lambert (1974) uses management accountants to compile a list of 40 ethical situations involving management accountants and then uses the ethical situations to justify a proposed code of ethics for management accountants.