Company A, an accounting firm, plans a series of short seminars to educate and train the accountants and auditors on applying ethical reasoning when ethical dilemmas arise. In preparation for a board meeting, discuss the following topics and issues:
- Define ethics, and explain why and how unethical actions occur. Cite examples.
- Explain why good accounting and auditing professionals go bad because of self-serving biases.
- Explain the influence of ethical principles and values in the processes of ethical decision making. Cite examples.