APES 110 Code of Ethics for Professional Assignment 2022

ETHICS AND
GOVERNANCE

Executive Summary
The ethics is comprised of the moral as well as legal principles to enable dealing with
both good and bad situations. The ethical principles are not only applicable on the individual
conducts, but the organisational conducts as well. Different ethical theories have been
designed to guide the individuals to be aware of their conduct. The popular theories are that
of utilitarianism, deontology, egoism and others. The different theories are based on several
underlying principles and hence render the different guidance. The business organisations
must establish and implement ethical decisions with the help of the ethical decision models.
The AAA Ethical Decision Model is a simplified and systematic approach to form best
decisions in a given situation of ethical dilemma. The professional accountants are further
subjected to the APES 110 Code of Ethics to maintain the public confidence in said
profession.

Contents
Introduction................................................................................................................................3
Part A: Ethical Theories.............................................................................................................3
Analysis of behaviour of Mr Goodrich using the principles of the ethical theory of
egoism....................................................................................................................................3
Analysis of behaviour of Mr Goodrich using the principles of the ethical theory of
utilitarianism........................................................................................................................4
Analysis of behaviour of Arnold using the principles of the ethical theory of
utilitarianism........................................................................................................................4
Analysis of behaviour of Arnold using the principles of the ethical theory of
deontology.............................................................................................................................5
Part B: AAA Ethical decision-making model............................................................................5
Part C: APES 110 Code of Ethics..............................................................................................6
Conclusion..................................................................................................................................8
References..................................................................................................................................9