is there  an ethical issue that must be considered between the financial advisor and the client in regard to a knowledge gap?

How would an investor communicate to clients their ethical and professional standards when managing the client's assets?

What are ‘free-riders’? How can a system ensure that those who benefit most from an accounting standard requiring certain disclosures also bear the greatest costs of it?

What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller?

Distinguish between ethical rights and obligations from the perspective of accountants and auditors.

What factors should auditors consider in deciding whether to accept or continue the engagement with a particular client? What should firms do if they decide to withdraw from an engagement?

What factors should an auditor evaluate or consider when deciding whether to keep working with a client? In what ways would this consideration influence the auditor company he or she works for in regards to retaining a client?

Refer to the Why It Matters feature “What Is Professional Judgment?” Explain the term professional judgment.

Utilitarianism does not require which of the following actions when a person considers how to resolve an ethical dilemma? a. Identification of the potential problem and courses of action. b. Identification of the potential direct or indirect impact of actions on each affected party who has an interest in the outcome. c. Identification of the motivation of the person facing the ethical dilemma. d. Assessment of the desirability of each action for each affected party.