Ethics and Governance Theory 2022

ETHICS AND
GOVERNANCE

Executive Summary
The term ethics denotes the guidelines to deal with what is good and bad as comprised
of the moral, virtues and legal norms. The ethical theories designed over the years are
focused on various aspects such as actions, outcomes, interests and others. These aid an
individual to be aware of the conduct in situations of ethical conflicts. The ethical models like
that of AAA Ethical Decision making model provides a systematic procedure to formulate
and implement ethically sound decisions. The APES 110 Code of Ethics is a collection
guidelines for the professional accountants to enable them to serve the society in an efficient
manner.

Contents
Introduction................................................................................................................................4
Part A: Application of the theories of ethics..............................................................................4
Part B: Using an ethical decision-making model.......................................................................6
Part C: Using APES 110 Code of Ethics...................................................................................7
Conclusion..................................................................................................................................8
References..................................................................................................................................9