Principles of Auditing & Other Assurance Services (Irwin Accounting)
20th Edition
ISBN: 9780077729141
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 3, Problem 1RQ
What is meant by the term ethical dilemma? Describe an ethical dilemma that you have faced.
Expert Solution & Answer
To determine
Explain the ethical dilemma. Provide an example of an ethical dilemma.
Explanation of Solution
Ethical dilemma:
An ethical dilemma is a conflict between two moral responsibilities of a person. In an ethical dilemma, the selection of one moral responsibility will lead to the violation of another moral responsibility. The person is compelled to meet both the moral responsibilities, but he has to opt only one of them. It creates a dilemma of selection.
Provide an example of an ethical dilemma:
Two friends work in an organization. A has seen B stealing the office equipment from the office premises. Now A is in the ethical dilemma of saving his old friend or being loyal to the company. This situation creates ethical dilemma for A.
Thus, the conflict between two moral responsibilities is known as an ethical dilemma.
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Chapter 3 Solutions
Principles of Auditing & Other Assurance Services (Irwin Accounting)
Ch. 3 - What is meant by the term ethical dilemma?...Ch. 3 - What are the two major types of constraints on...Ch. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Bill Scott works as a manager in the Phoenix...Ch. 3 - Prob. 9RQCh. 3 - Prob. 10RQ
Ch. 3 - Prob. 11RQCh. 3 - Prob. 12RQCh. 3 - Prob. 13RQCh. 3 - Prob. 14RQCh. 3 - Prob. 15RQCh. 3 - Prob. 16RQCh. 3 - Prob. 17RQCh. 3 - Prob. 18RQCh. 3 - Prob. 19RQCh. 3 - Prob. 20RQCh. 3 - Prob. 21RQCh. 3 - Prob. 22RQCh. 3 - Prob. 23RQCh. 3 - Prob. 24RQCh. 3 - Prob. 25RQCh. 3 - Prob. 26RQCh. 3 - Prob. 27QRACh. 3 - Prob. 28QRACh. 3 - Prob. 29QRACh. 3 - Prob. 30QRACh. 3 - Prob. 31QRACh. 3 - Prob. 32QRACh. 3 - Ron Barber, CPA, is auditing the financial...Ch. 3 - Prob. 34AOQCh. 3 - Prob. 34BOQCh. 3 - Prob. 34COQCh. 3 - Prob. 34DOQCh. 3 - Prob. 34EOQCh. 3 - Prob. 34FOQCh. 3 - Prob. 34GOQCh. 3 - Prob. 34HOQCh. 3 - Prob. 34IOQCh. 3 - Prob. 34JOQCh. 3 - Prob. 34KOQCh. 3 - Prob. 34LOQCh. 3 - Prob. 35OQCh. 3 - Prob. 36OQCh. 3 - Prob. 37OQCh. 3 - Prob. 38OQCh. 3 - Prob. 39OQCh. 3 - Prob. 40OQCh. 3 - Prob. 41OQCh. 3 - Prob. 42OQCh. 3 - Gary Watson, a graduating business student at a...Ch. 3 - Prob. 44PCh. 3 - Prob. 45PCh. 3 - Prob. 46PCh. 3 - Prob. 47ITCCh. 3 - Prob. 48ITCCh. 3 - Prob. 49RDC
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- 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.arrow_forwardWhich of the following is not a step in the outline for examining ethical issues? Establish the facts of the situation. Evaluate each course of action. Make a decision. Confirm decision with FASB.arrow_forwardExplain how Kantian ethicists decide what is ethical and what reasons they would have to hold this viewarrow_forward
- Describe what is the sequence of steps that provide a framework for analyzing ethical issues?arrow_forwardWhat are some questions that a CPA should consider when resolving an ethical dilemma?arrow_forwardQuestion guide: 1. What Are the Relevant Facts? 2. What is the issue of the case? 3. What Are the Ethical Issues? 4. Who Are the Primary Stakeholders? 5. What Are the Possible Alternatives? 6. What Are the Ethics of the Alternatives? 7. What Are the Practical Constraints? 8. What Actions Should Be Taken?arrow_forward
- Ethical Character Traits are?arrow_forwardExplain why the process of ethical decision making depends on a number of moral, social, psychological, and organizational factors.arrow_forwardWhich of the following statements about ethical choices and dilemmas are true, according to the text? MARK ALL THAT APPLY An ethical dilemma is defined as a situation where two or more "right" values are in conflict. Ethics can be defined in terms of individual and/or group principles, norms, and standards of conduct. Ethical choices can be considered highly personal and relative. All ethical choices are clear-cut enough that we can decide what to do rather easily because they pit "right" against "wrong." Ethical dilemmas represent conflicts in values.arrow_forward
- What notion should be at the heart of the ethical theory, according to virtue ethics? O a. Pleasure O b. Moral character O c. Duty O d. Intrinsic valuearrow_forwardWhich of the following science is involved in arriving at moral standards that regulate right and wrong conduct? O a. Social O b. Normative O c. Biological O d. Behavioralarrow_forward. Citing an example, distinguish between ethical issues and legal issues.arrow_forward
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