Identify the correct statement about the right approach to ethical decision-making Choose correct answer a. No statement is correct b. An action is morally right if it is based on an individual’s interest c. An action is morally right if it is based on contract and biased d. An action is morally right if it adequately respects the rights of all humans

The Conceptual Framework for AICPA Independence Standards(1) adopts a risk-based approach to analysis of independence matters.(2) defines independence of mind as avoiding circumstances in which reasonablepersons would conclude that integrity or objectivity has been compromised.(3) describes threats to independence as circumstances that impair independence.(4) states that safeguards must eliminate threats to independence to be consideredeffective

Employees are more likely to apply their personal values to their behaviour when: those values conflict with the organization's values. the values are abstract. someone reminds them of those values. All of the answers are correct. None of the answers apply.

a. Do you think it is the same to act in your own self-interest as it is to act in a selfish way? Why or why not?b. Do you think “enlightened self-interest” is a contradiction in terms, or is it a valid basis for all actions? Evaluate whether our laissez-faire, free-market economic system does (or should) operate under this philosophy.

In teaching about moral development, instructors often point out the threefold nature of morality: It depends on emotional development (in the form of the ability to feel guilt or shame), social development (manifested by the recognition of the group and the importance of moral behavior for the group’s existence), and cognitive development (especially the ability to adopt another’s perspective). How does this perspective of morality relate to ethical reasoning by accountants and auditors?

Each system of ethics asks a specific question. Identify the question and discuss each of the four systems of ethics, namely normative, descriptive, meta-ethics and applied. How do these systems differ?

Q9 Which of the following is a suitable disadvantage of social responsibility? a. Ethical obligation b. Public Image c. Possession of resources d. Violation of profit maximization