When accountants face an ethical dilemma the first step in resolving the dilemma is to?
Chapter 3: Ethical Dilemmas and the Process of Effective Resolution Show With values as focal point, the National Association of Social Workers has created a framework that is used by social workers to address ethical dilemmas. The framework includes six steps:[1]
In comparison, Evans and MacMillan (2014) have developed a framework involving 10 steps to make ethical decision-making efficient and practical. This framework is specific to law enforcement officers and addresses the consideration of laws, regulations, policy, and procedures that other frameworks assume will be followed, but in law enforcement are very important to avoid charges and allow cases against suspects to proceed. The framework concludes with a follow-up to determine the effectiveness of the course of action taken by the officer. As a simple alternative to these frameworks, students should consider the following framework:
Implement options after considering steps 1-7. What should the auditor do if faced with ethical dilemma?These steps can help the accountant/auditor apply a sense of right and wrong to ethical dilemmas:. Determine the facts of the situation. ... . Identify the ethical issue and the stakeholders. ... . Identify the values related to the situation. ... . Specify the alternative courses of action.. What are the six ethical principles stated in the Code of professional Conduct?The principles are: Responsibilities Principle, The Public Interest Principle, The Integrity Principle, Objectivity and Independence Principle, Due Care Principle, and the Scope and Nature of Services Principle.
What are the 5 ethical principles in accounting?It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.
What is the second step in finding a solution to an ethical dilemma?Step 1: Gather relevant information. Step 2: Identify the type of ethical problem. or approaches. Step 4: Explore the practical alternatives.
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