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Accounting Ethics Review

Teacher: S. Woods
Horizontales
Doing what is right, despite the consequences.
Having no financial interest.
The important constituent groups affected by accounting and auditing work.
Values that direct our choices.
The point of view that morality is relative to the norms of one's culture.
Ethics relative to the situation.
Fundamental trait of character that enables a CPA to withstand client and competitive pressures that might otherwise lead to the subordination of judgement.
Verticales
Having no internal bias.
Questions situations, perform a critical evaluation of the evidence, and search for knowledge.
Prevents and detects errors and fraud, such as asset misappropriations.
The relationship between the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
Managers place personal goals ahead of corporate goals.
Accounting standards that are becoming the global standard.
Right or acceptable behavior in terms of its consequences for the individual.