Ethical Behavior And Theory In Accounting

An exploration of ethical principles in accounting and their importance in financial reporting.

Violet Stevens

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N A M E :I N S T R U C T O R :D AT E

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HIGHLIGHTS OF TODAY’SPRESENTATIONThis presentation will discuss the following topics:▪Ethics, ethical theory, and the basis of ethical theory.▪The primary ethical issues and challenges in accounting and auditing.▪The ethical theories of egoism, utilitarianism, deontological ethics, the categoricalimperative, and virtue ethics.

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WHAT IS ETHICS?(IESE BusinessSchool, 2010).

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WHAT IS ETHICS?

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ETHICS THEORY-WHY STUDY ETHICS?

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THE BASIS OF ETHICAL THEORYThe basis of ethical theory is the idea that to justify an action, we have to examine all thereasons in favor of and against the action.To examine the reasons to base our justification of an action, we need to ask questions(Duska, 2011).Ask questions such as:▪Is the action good for me?▪Is the action good for society, or will it harm society?▪Is the action fair or just?▪Does the action violate anyone's rights?▪Have I made a commitment? (Duska, 2011).

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