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AICPA ETHICS EXAM 2024 WITH COMPLETE SOLUTIONS!!
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AICPA ETHICS EXAM 2024 WITH COMPLETE SOLUTIONS!!
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AICPA ETHICS EXAM2024 WITH COMPLETE
SOLUTIONS!!
AICPA
Evatee 10/19/24 AICPA
,AICPA ETHICS EXAM 2024 WITH COMPLETE
SOLUTIONS!!
Ethical Decision Making Model Answer - 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 Answer - Recognize the ethical issue
Step 2 Answer - Gather the critical facts
-you may not have all the facts, but you need the key ones (material)
Step 3 Answer - Identify the stakeholders
, -who is affected by your decisions/actions
-consider as many as possible
Step 4 Answer - Consider your alternatives
-approaches you could take to address this matter and resolve the ethical
conflict
Step 5 Answer - Consider the effect on stakeholders
-effect of each alternative
Step 6 Answer - 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 Answer - Consider rules, regulations, and laws
-rules set by AICPA, state accountancy board, state CPA society
Step 8 Answer - Make a decision
-take the time you need
-discuss with colleague, gain perspectives, counsel, don't be hasty
Step 9 Answer - Document your efforts
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