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1 ohn J R. Boatght, i r Ethics in Finance, second edition 2 Ronald Duska, Brenda Shay Duska, and Julie Ragatz, Accounting Ethics, second edition 3 Richard De T. George, The Ethics of Information Technology and Business 4 P atricia H. Werhane and Tara J. Radin with Norman E. Bowie, Employment and Employee Rights
- The Utility Logic
- The Private Commitments Reason
- The Self-Interest Motivation
- The Perfectionist Ends Reason
- The General Duties Reason
- The Specific Obligations Reason
- Practical Conflicts
In the classic understanding of a utilitarian logic, doing the right thing involves weighing up the positive and negative impacts of different courses of action for all parties involved, and selecting whichever scenario has the most favorable—or least unfavorable—impact on the most parties. This type of reasoning is exemplified below. As shown in T...
Having a private commitment is akin to following a personal goal. According to this reasoning, if a forensic accountant has set out to uncover a fraud, s/he will follow that aim until the case is properly documented, in spite of the dangers involved, including threats to his/her own life (as the illustration below suggests). Private commitments are...
We also observed many instances of the self-interest motivation, where the self-interest considered is primarily commercial or reputational. Essentially, in this logic, following one’s self-interest and maximizing the welfare of everyone else are seen as perfectly compatible because accountants have “much to lose” if they commit fraud or become “su...
According to this logic, doing the right thing means doing something because it has intrinsic value per se (e.g., acting with integrity, generosity), not because it has value forcertain groups of stakeholders. It also involves being virtuous and overcoming “temptations”, as the excerpt below suggests. Despite the fact that the accounting profession...
According to what Nagel (1979) calls the general duties reason for action, “doing the right thing” means respecting the general rights of every stakeholder to be treated fairly (e.g., be fully informed of a situation that might harm his/her interests). There is, then, a public interest component to this logic: Further, protecting the public interes...
In this last (and dominant) moral logic, doing the right thing means respecting certain specific obligations towards particular individuals or groups. These obligations may arise formally, for example in a private contract between a CPA and his client. However, the specific obligations logic is not the same as simple compliance with the law. Specif...
A plausible overall explanation for the value fragmentation highlighted in our analysis is the post-modern Western culture, in which reducing something (including professional ethics) to a single dimension is almost inconceivable. On the one hand, this pluralization of approaches to professional ethics can be viewed positively because it encourages...
- Céline Baud, Marion Brivot, Darlene Himick
- 2021
Jan 2, 2024 · Discover the pivotal role of ethics in accounting and the six fundamental principles guiding ethical conduct for accountants. Explore how ethical practices safeguard financial integrity, build trust, and ensure sustainable success.
What is Accounting Ethics? Accounting ethics is an important topic because, as accountants, we are the key personnel who access the financial information of individuals and entities.
Nov 17, 2016 · Chapter 1 explores the different sub-fields within accounting and how ethics plays an important role in each of these fields. Chapter 2 introduces the configuration involved in any ethical decision making process and explains the differences between legality and ethics.
- James Jianxin Gong
- jigong@fullerton.edu
- 2017
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development. We aim to develop capacity in the profession and encourage the adoption of consistent global standards.
Back to Ethics; What is ethics? Personal ethics; Professional ethics; ACCA Rulebook; ACCA code of ethics and conduct; Fundamental ethical principles. The conceptual framework and ethical dilemmas; Ethics guidance; Create and manage a code of conduct; ACCA Global Forum for Ethics; Corporate social responsibility; Anti-bribery and anti-money ...
