When Faced with an Ethical Dilemma,an Accountant Should

question 199

Multiple Choice

When faced with an ethical dilemma,an accountant should:

• A) Identify who will be affected by the situation, identify and evaluate the alternative courses of action, and choose the alternative that is the most ethical.
• B) report the matter to the SEC.
• C) report the matter to the IRS.
• D) resign.

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Definitions:

Identity Diffusion

A state in Erikson's theory of identity development where an individual has not yet formed a stable sense of self or identity, often leading to confusion and uncertainty.

Foreclosure

In developmental psychology, a state where an individual prematurely commits to values or goals without self-exploration.

Commitments

Obligations or pledges to do something, often requiring dedication and effort over time.

Alternatives

Different choices or options available in a situation, offering a variety of possibilities.