Report on Ethics in Auditing and Accounting

Added on - 21 Apr 2020

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Name of student:Registration number:Unit Title:Unit Code:Name of supervisor:Date Due:
Table of ContentsIntroduction................................................................................................................................................3Case A........................................................................................................................................................3Teleological ethics.................................................................................................................................3Deontological ethics..............................................................................................................................4Virtual ethics..........................................................................................................................................4Case B........................................................................................................................................................5Teleological ethics.................................................................................................................................5Dentological ethics................................................................................................................................6Virtual ethics..........................................................................................................................................6Conclusion.................................................................................................................................................6References..................................................................................................................................................8
IntroductionThis task discusses the various ethics that are relevant in auditing and accounting. Theethics are classified into three categories which includes teleological, deontologicaland virtue ethics. This assessment discusses the ethics that are relevant in Case studyA while categorizing them in the categories identified above.Case ATeleological ethicsTeleological ethics are the types of ethics that describe an ethical perspective wherethe righteousness or wrongness of an action is determined by the outcomes whetherthey are good or bad. One of the teleological ethics that are relevant in the case ofJohn Young who works for Leston Corporation is Section 130 which deals with ofconfidentiality (Hancock, Phil and Peter , 2015). A professional accountant should notshare information acquired as a result of professional or business relations and shouldnot disclose such information to third parties unless under their consent or there islegal or professional duty to disclose.John had information about a competitor andhe decided not to inform the board which could have used this information to make abetter and informed decision. In this perspective, John should have disclosed theinformation since the consequences of the disclosure are expected to be good and hedoes not have an obligation towards the competitor since the information was notobtained through professional or business relations.
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