AICPA ETHICS EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
AICPA ETHICS
Institution
AICPA ETHICS
Ethical Decision Making Model - ACCURATE ANSWERS helps you actively work through gray area and choose the best possible solution to an ethical dilema
Step 1: Recognize the ethical issue
Step 2: Gather the critical facts
Step 3: Identify the stakeholders
Step 4: Consider your alternatives
Ste...
AICPA ETHICS EXAM QUESTIONS
AICPA ETHICS EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |
VERIFIED
Ethical Decision Making Model - ACCURATE ANSWERS✔✔
helps you actively work through gray area and choose the
best possible solution to an ethical dilema
Step 1: Recognize the ethical issue
Step 2: Gather the critical facts
Step 3: Identify the stakeholders
Step 4: Consider your alternatives
Step 5: Consider the effect on stakeholders
Step 6: Consider your comfort level
Step 7: Consider rules, regulations and laws
Step 8: Make a decision
,Step 9: Document your efforts
Step 10: Evaluate the outcome
Step 1 - ACCURATE ANSWERS✔✔ Recognize the ethical
issue
Step 2 - ACCURATE ANSWERS✔✔ Gather the critical facts
-you may not have all the facts, but you need the key
ones (material)
Step 3 - ACCURATE ANSWERS✔✔ Identify the
stakeholders
-who is affected by your decisions/actions
-consider as many as possible
Step 4 - ACCURATE ANSWERS✔✔ Consider your
alternatives
-approaches you could take to address this matter and
resolve the ethical conflict
Step 5 - ACCURATE ANSWERS✔✔ Consider the effect on
stakeholders
, -effect of each alternative
Step 6 - ACCURATE ANSWERS✔✔ Consider your comfort
level
-how comfortable are you with each option
-how would you feel if you have to discuss your decision
in public
Step 7 - ACCURATE ANSWERS✔✔ Consider rules,
regulations, and laws
-rules set by AICPA, state accountancy board, state CPA
society
Step 8 - ACCURATE ANSWERS✔✔ Make a decision
-take the time you need
-discuss with colleague, gain perspectives, counsel, don't
be hasty
Step 9 - ACCURATE ANSWERS✔✔ Document your efforts
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