Auditing and Assurance Services, Student Value Edition (16th Edition)
Auditing and Assurance Services, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134075754
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
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Chapter 4, Problem 1RQ
To determine

State the six core ethical values explained by the Institute J and state some of the other sources of ethical values.

Expert Solution & Answer
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Explanation of Solution

Ethics: A set of moral values or principles.

The six core ethical values described by the Institute J are as follows:

1. “Trustworthiness”   

2. “Respect”

3. “Responsibility”   

4. “Fairness’

5. “Caring”.

6. “Citizenship”.

There are several other possible sources of ethical values that include “rules and regulations, codes of professional ethics, church doctrines, and individual organizations’ codes of conduct”.

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