By happiness it is intended pleasure, and the absence of pain; by unhappiness, pain and the privation of pleasure." (Philosophical Classics, 2010. P.946).
This approach has been experienced a lot within the accounting fraternity. The actions of the accountant can be weighed to be right or wrong depending on the amount of pleasure they bring or otherwise. This approach helps in the quest for pleasure and the well being of each member of the community.
The utilitarian theory therefore is a pointer that the qualifications that are to be met or instituted within the accounting field by the AICPA are or should aim at being for the good of the clients and the firms as well as the practitioners for the eventual good of the accounting fraternity.
Bearing the sensitivity of the accounting field, the proneness to malpractice and the various abuses...
" (Duska and Duska, 2003) Duska and Duska state that the accountant has three obligations: 1) to be competent and know about the art and science of accounting; 2) to look out for the best interests of the client; avoiding the temptation to take advantage of the client; and 3) to serve the public interest. (2003) These responsibilities are clearly stated in the AICPA code of ethics, which states: Competence is derived from a synthesis
As stated in the AICPA code of conduct, the accountants need to put aside their own points-of-view and use the unified school of thought that is presented in the code. This means that the accountants should work on a deontological perspective since the utilitarianism perspective is akin to breaking or bending the rules in order to satisfy their own interests. The professional code of conduct was developed as a result
Dan's first step would be to speak with a representative in Human Resources, outlining his concerns in writing, citing the legalities and the potential liability to the firm. He needs to do this in a non-confrontational manner that focuses specifically on the ethical issue, and not the personality conflicts. Dan, in fact, has several issues towards his benefit. 1) Ethics are not an "except for" and he has the legal
Executive Interview with a TeacherFor this interview, a high school teacher was interviewed. He described his ethical beliefs to me in person. The interview was conducted in his classroom and was recorded using video for future reference. The interview was semi-structured, which allowed for a more reflective and immersive but also guided interview process to take place (Dearnley, 2005). The analysis for this paper is taken from that interview recording.Description
Ethical Imperatives for Rational Paternalism in Advisor-Client RelationshipsInstructions:2/ Here is the one issue that I still don�t have clarity on: what is your operational definition of rational paternalism for the purposes of your study? Here are some of the statements I found:�For this study, rational paternalism refers to the dynamic in advisor-client relationships where the advisor aims to balance guiding the client toward optimal decisions while respecting the client\\\'s autonomy
Ethical Imperatives for Rational Paternalism in Advisor-Client RelationshipsDissertation ProposalAbstractThis study seeks to understand the role of ethics and rational paternalism in the practice of financial advising. A significant amount of research examines the effects of rational paternalism on the governmental and institutional levels. Very little research has addressed the issues associated with rational paternalistic behavior by advisors toward their clients. Fortinelle (2016) focuses on advisors\\\' ethics and moral responsibilities, underscoring
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