The study of ethics is important to the accounting profession because it helps develop et...
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...t the rights of the customers and employees. Accountants must ensure that their financial statements are accurate and fair to the public. Hence, being just and fair when dealing with ethical dilemmas, is practicing the theory of deontology. However, in the issue where there is evidence of conflicting interests, deontologists have to consider the consequences of the actions, relating back to the theory of utilitarianism.
The study of ethics is important to the accounting profession because it helps develop ethical reasoning skills that can be applied when an ethical dilemmas occur in the workplace.
Ethical dilemmas or conflicts occur when there is a ‘
Apart from following the Code of ethics, accountants and business professionals can apply theoretical considerations to resolve the ethical dilemmas that arise when personal goals conflict with professional goals.
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