Morals are judgments, standards, and rules of good conduct in the society. They guide people toward permissible behaviour with regard to basic values. Business ethics are business policies and practices which are made to conduct a business in an ethical and moral way. Ethics can be found it laws but some are developed with the situations and moral and acceptable social behaviors. To Indicate: If the given behavior is ethical or unethical.

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Question 3: Corporate Governance & Ethics (b) For each of the following ethical situations consider the fundamental principles of professional behaviour and: - identify the fundamental principle at threat, - identify the threat to the fundamental principle - discuss how the accountant involved should resolve the situation (i) You have been employed as a graduate accountant in a listed company and have been asked to complete a business report for the group. Your report must be completed by the tomorrow but vital statistics essential for the report will not be available for another three days. Your immediate supervisor has made it clear you will be severely reprimanded if the work is not completed on time. Answer space for question 3(b)(i) Fundamental principle: Threat: Resolution: (ii) At a party, an accountant speaks to another accountant, a person she has met for the first time, and says that she is amazed at the loss of her employer. She mentions the name of the…

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Chapter 1, Problem 55E

To determine

Concept Introduction:

Morals are judgments, standards, and rules of good conduct in the society. They guide people toward permissible behaviour with regard to basic values. Business ethics are business policies and practices which are made to conduct a business in an ethical and moral way. Ethics can be found it laws but some are developed with the situations and moral and acceptable social behaviors.

To Indicate:

If the given behavior is ethical or unethical.

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