EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Question
Chapter 4, Problem 1RQ
To determine
State the six core ethical values explained by the Institute J and state some of the other sources of ethical values.
Expert Solution & Answer
Explanation of Solution
Ethics: A set of moral values or principles.
The six core ethical values described by the Institute J are as follows:
1. “Trustworthiness”
2. “Respect”
3. “Responsibility”
4. “Fairness’
5. “Caring”.
6. “Citizenship”.
There are several other possible sources of ethical values that include “rules and regulations, codes of professional ethics, church doctrines, and individual organizations’ codes of conduct”.
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Chapter 4 Solutions
EBK AUDITING+ASSURANCE SERVICES
Ch. 4 - Prob. 1RQCh. 4 - Describe an ethical dilemma. How does a person...Ch. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQ
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - Prob. 17RQCh. 4 - Prob. 18.1MCQCh. 4 - Prob. 18.2MCQCh. 4 - Prob. 18.3MCQCh. 4 - Prob. 19.1MCQCh. 4 - Prob. 19.2MCQCh. 4 - Prob. 19.3MCQCh. 4 - Prob. 20.1MCQCh. 4 - Prob. 20.2MCQCh. 4 - Prob. 20.3MCQCh. 4 - Prob. 21DQPCh. 4 - Prob. 22DQPCh. 4 - Prob. 23DQPCh. 4 - Prob. 24DQPCh. 4 - Prob. 25DQPCh. 4 - Prob. 26DQPCh. 4 - Prob. 27DQPCh. 4 - Prob. 28DQPCh. 4 - Prob. 30CCh. 4 - Prob. 31CCh. 4 - Prob. 32C
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Similar questions
- According to the framework for ethical decision making, which of the following should the decision maker consider? Question 4 options: All possible alternative courses of action. The consequences associated with possible actions. Whether the rights framework would cause any course of action to be added. All of the above.arrow_forwardUtilitarian theory holds that what is ethical is the action that achieves the greatest good for the most important people. (T/F)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_forward
- 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_forwardExplain why the process of ethical decision making depends on a number of moral, social, psychological, and organizational factors.arrow_forwardIMA's Ethical Principles demonstrate IMA members commitment to behave ethically. List the four Ethical Principles of the IMA:arrow_forward
- What are the four components of James Rest's model for ethical decision making? Please explain.arrow_forwardEthical Character Traits are?arrow_forwardWhich one of the following is related to the nature of ethics? a. All options are correct b. Ethics study about moral behavior at an individual level c. Ethics is applied to humans only d. Ethics deals with actions that are voluntaryarrow_forward
- Which 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_forwardEach 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?arrow_forwardThree (3) foundational perspectives of ethical thinking are Autonomous, Heteronomous and Theonomous. Carefully discuss why these perspectives are considered foundational to ethical thinking and an ethical school that has adopted each such thinking.arrow_forward
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